Legislature fails to extend NYC rent control lawPosted: Updated:
(AP) - The state Senate failed to extend the New York City rent control law until Friday, leaving more than 1 million tenants temporarily no longer protected by the 1946 law.
The surprising defeat also threatens a linked bill that would cap local property tax growth statewide.
Although a deal had been struck between the Assembly and Senate to extend the bill to Friday, Senate Democrats and Republicans got into what Democratic Sen. Diane Savino called "the worst of political games" minutes before the bill expired at midnight.
The inaction, however, likely means no immediate threat to renters.
Gov. Andrew Cuomo and Assembly Speaker Sheldon Silver seek to strengthen protections for tenants enjoying lower rent intended to help keep the middle class in the city.
Legislature extends NYC rent control lawLawmakers, tenants rally to keep rents low