The State Assembly passed a bill on Monday that would strengthen rent regulation, while setting up a possible showdown with the Senate and the real estate industry.
State laws that limit the rent that landlords can charge on more than one million apartments in New York City and the suburbs are set to expire on June 15. Democratic legislators from the city and Gov. Andrew M. Cuomo had sought to extend and expand the laws during budget negotiations last month, until the Senate Republican leader, Dean G. Skelos, rejected the idea, threatening to delay the budget.
The bill in the Democratic-controlled Assembly would extend rent regulations until 2016. It would do away with vacancy decontrol, which lets landlords deregulate apartments when they become vacant and their rent exceeds $2,000. It would alter luxury decontrol, which lets owners deregulate apartments when the tenants’ income exceeds $175,000 and the rent is at least $2,000. Those limits would rise to $300,000 and $3,000. The bill would also limit rent increases for new tenants to 10 percent, down from 20 percent.
“Every year more than 10,000 rent-regulated apartments are lost because of loopholes in the rent laws,” the Assembly speaker, Sheldon Silver, said in a statement.
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The president and chief executive of The Business Council of New York State Inc. will leave to take on the same title at the Empire State Development Corp.
By Daniel Massey
Gov. Andrew Cuomo on Thursday nominated Kenneth Adams, who has headed the state’s top business organization for the past five-plus years, to lead a restructured Empire State Development Corp.
“With Ken Adams as president and CEO, the Empire State Development Corp. will fuel New York-based innovation and create jobs at home while helping to transform the state into a world-class center for business and new ideas,” Mr. Cuomo said, in a statement.
Already, Mr. Cuomo had appointed Leecia Eve as senior vice president and counsel to the agency and Paul Francis to the newly created role of director of agency redesign and efficiency. He is still looking for a chairman, who will focus on upstate issues. The governor said the appointment of Mr. Adams is part of his plan to change the leadership structure of the agency that directs the state’s economic development strategy. Mr. Adams succeeds Dennis Mullen.
In his new role, Mr. Adams will work closely with Lt. Gov. Robert Duffy to create 10 Regional Economic Development Councils across the state that will compete for funds. He will also serve as commissioner of the Department of Economic Development.
“Ken knows doing business in New York can be like swimming upstream, but now he is in a position to change the tide,” said Kevin Burke, chief executive of Consolidated Edison and chairman of the board at The Business Council of New York State Inc. “Business leaders know and trust him, and for good reason.”
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Nathaniel Brooks for The New York Times
Sheldon Silver, the assembly speaker, in the chamber in Albany last week.
ALBANY — Democratic leaders in the State Assembly are signaling that they are ready to embrace a cap on local property taxes, which could clear the way for its passage this year.
The cap, popular with voters in New York’s suburbs, who pay some of the highest property taxes in the nation, is one of Gov. Andrew M. Cuomo’s top priorities and already has support from the Republican-led State Senate.
But in what will very likely be one of the defining legislative battles of the year, Assembly leaders are indicating they want something else for their mostly urban constituents: stricter rent regulations for New York City, a measure strongly opposed by Republicans and the real estate interests that helped Mr. Cuomo capture the governor’s office in November.
“In a day and age when we’re talking about giving people the ability to live in their homes and not be priced out of their homes, we should not forget people who have rent protections,” the Assembly speaker, Sheldon Silver, said, adding, “I just think the philosophy behind the tax cap is the same as the philosophy behind rent regulation.”
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