City turns to rent control protection, tax capPosted: Updated:
(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.