Albany Closer on Rent Control, Property Tax Deals

Wednesday, Jun 22, 2011  |  Updated 6:00 PM EDT
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Albany Closer on Rent Control, Property Tax Deals

AP

New York legislative leaders say they are close to final agreements on public college tuition increases, New York City rent control and statewide property tax caps and expect to pass legislation Wednesday or Thursday.

Emerging from a meeting with Gov. Andrew Cuomo, Senate Republican leader Dean Skelos says the tax cap agreement is in place.

A spokesperson for Senate Majority Leader Dean Skelos said Wednesday evening that a vote on rent stabilization, property taxes and other money items in the Omnibus bill would be "likely tomorrow."

 

Assembly Speaker Sheldon Silver says they are printing the bill on SUNY and CUNY tuition, the basic terms of rent control are set and there's no reason the tax cap and mandate relief can't be done Wednesday.

The tentative agreement between legislative leaders and Cuomo would increase public college tuition by $300 a year for five years, extend city rent controls while raising thresholds and generally limit property tax increases to 2 percent yearly.

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