Weekly Report

Government Affairs Update for Jan. 12, 2018

Reserve your hotel room for NYSAR’s Lobby Day on March 20
NYSAR’s annual Lobby Day will be Tuesday, March 20, 2018 in Albany. Breakfast, lunch, lobbying orientation and lobbying materials will be provided. Book your hotel room by February 16, 2018 at the Hampton Inn & Suites in downtown Albany under the NYSAR room block:
• Room rate $189
• Group code is CHXC23
• Check-in Time: 4:00 p.m. Check-out Time: 11:00 a.m.
• Parking fee: $14.75
More details to be announced.

State Senate GOP propose phase out of property taxes for seniors
State Senate Republicans announced their proposal to phase out school taxes for seniors over 10 years and increase the current property tax rebate by 25 percent to New York homeowners. The proposed plan is estimated to cost $5 billion over 10 years. Read more here.

NY home prices estimated to decrease 4.8 percent from tax reform according to NAR
NAR estimated that New York home prices are expected to decrease 4.8 percent as a result of tax reform changes that reduces the limit on deductible mortgage debt and limits on the deductibility of state and local taxes. Read more here.

Westchester Democrats select Mayer for Senate special
Assemblywoman Shelley Mayer will be the Democratic candidate in a still-unscheduled special election to fill the state Senate seat recently vacated by Westchester County Executive George Latimer. Republicans have not selected a candidate yet. Attorney Sarmad Khojasteh and former district attorney candidate Dan Schorr have announced their interest in being the GOP candidate. Gov. Andrew Cuomo has been reluctant to schedule a special election before the end of the March, which is when the state budget is due. Read more here.
Assemblymember Pamela Harris indicted on fraud charges
Federal prosecutors in Brooklyn announced an 11-count indictment against Assemblymember Pamela Harris of Brooklyn, alleging a raft of fraud, witness tampering and other charges, including siphoning money from a nonprofit she ran. Read more here.

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