City turns to rent control protection, tax cap

(AP) - A classic Albany deal is in the works that could protect 1 million New York City renters from big rent increases while also

NEW YORK - (AP) - A classic Albany deal is in the works that could protect 1 million New York City renters from big rent increases while also capping the growth in property taxes in thesuburbs and upstate.

The Assembly, led by New York City Democrats, plans to pass itsmeasure on Monday to strengthen and expand protections for peopleliving in rent-controlled apartments, mostly in New York City.

The Senate, led by suburban Republicans, has already passed abill that would cap the growth of property taxes at 2 percent ayear.

Now the Assembly and Senate are trying to get Gov. Andrew Cuomoto help craft a deal in closed-door meetings that would settle bothissues.

The current renter protection bill expires June 15.

advertisement | advertise on News 12

Trending Video

News 12 Brooklyn asked residents who their favorite 1 Word on the Street: Presidents Day
The victims, both males, are 15 and 18 2 The Buzz: East 55th Street shooting
A man is accused of an armed robbery 3 Man accused of armed robbery at Brownsville beauty supply store
A two-alarm fire broke out at a bakery 4 2-alarm fire breaks out at Williamsburg bakery
Hasidic fashion designer Seth Braunstein created the clothing 5 Brooklyn Style: Hasidic fashion designer creates clothing line

advertisement | advertise on News 12

Features

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE