New York lawmakers are advancing changes to increase a tax break for property owners who make upgrades to affordable housing in New York City.
The changes are included in a bill that the state’s Assembly passed by a 110-34 vote Wednesday afternoon. The Senate passed it Wednesday evening by a vote of 58-3. It is the first of five policy bills that make up New York’s fiscal 2027 budget.
Negotiations over final bill language have continued since Gov. Kathy Hochul (D) unveiled a budget deal with state lawmakers May 7. Policymakers are still hammering out the structure of a ...
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