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Progessive lawmakers are pushing back at criticisms that they are just a bunch of tax-and-spend liberals. The state Legislature might even save New York billions of dollars if only ideas like single-payer health care, parole reforms and increased tenant protections make it through the state Senate and Assembly in the coming weeks.
The fiscal virtues of progressive proposals are at the heart of the “Compassionate New York” agenda unveiled by Democratic state lawmakers Thursday morning. Getting all aspects of their agenda passed before the legislative session ends in June will be a challenge, but the push to do so is the latest sign yet that the political left is more energized than ever.
NY State Budget Includes Huge COVID-19 Relief Package For Small Businesses
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Nine Must Reads for the CRE Industry on Apr 9, 2021
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All in all, the $212 billion budget is a mixed bag for the industry. (Getty/Illustration by Kevin Rebong for The Real Deal)
As the dust clears on New York’s $212 billion budget, the real estate industry finds a changed landscape.
The agreement includes more than $2 billion in federal and state rent relief, but also tax hikes exceeding $4.3 billion. And several provisions that the real estate industry had supported were dropped.
Here’s where things landed on key issues:
Rent relief
The budget includes $2.3 billion in federal rent relief and another $100 million in state funds. It bars certain evictions and rent increases for one year if landlords accept aid for that tenant. The program is not mandatory, but there is some confusion over when landlords can take a tenant to court.
Illuminate NYC: COVID-19 installation at The Canvas. Photo by Alex Contell
“Illuminate NYC: COVID-19,” a creative and informative LED Light Art Installation, developed by the team at the
currently on display in the storefront at State Assemblyman Harvey Epstein’s office at 107 Ave. B, from 10am – 11pm, through May 17th, 2021. It is free and visible to anyone passing by. The installation is a large scale light-box in the shape of NYC’s five boroughs and uses light intensity and color saturation to form data maps which help the viewer visualize COVID-19’s impact on different communities, in turn tracking the neighborhoods that have been most affected by the pandemic, and exposing inequities among those most at risk.