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NY Lawmakers Expected To Stay Past Expected Adjournment

albanyWednesday is supposed to be the day New York state lawmakers adjourned their 2015 session, but their failure to reach a compromise on extending New York City’s rent regulations is sending them into overtime.

Lawmakers remain far apart on dueling proposals to renew the rent regulations that cover more than 1 million rent-controlled and rent-stabilized units in and around New York City. The law expired Monday at midnight when lawmakers couldn’t negotiate a deal to renew the rules.

Assembly Democrats want stronger protections for tenants. Senate Republicans want income verifications to ensure apartment dwellers deserve the benefit.

A simple extension of the existing rules remains a possibility.

Lawmakers are also negotiating the renewal of a lucrative tax break for New York City developers.

Lawmakers hope to adjourn later this week.


One Response

  1. It’s time socialism is put to an end and rent regulations are eliminated. Let this expired rent law remain gone forever.

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