Weekly Report

Government Affairs Update for March 16, 2018

Attend NYSAR’s annual Lobby Day in Albany: March 20, 2018
NYSAR’s annual Lobby Day will be held Tuesday, March 20, in Albany. Registration opens at 8 a.m. with opening remarks beginning at 9 a.m. in Meeting Rooms 1-5 in the Concourse of the Empire State Plaza.  Assemblyman Charles Lavine, who is the author of co-op transparency legislation in the Assembly, will be the morning keynote speaker. NYSAR will be advocating for and against multiple bills including opposition to a new proposal in the Assembly budget resolution to impose increased real estate transfer taxes, and a new “flip” tax of up to 15 percent on the sale of residential housing in New York City. The full list of NYSAR’s Lobby Day priorities can found here.

Congresswoman Louise Slaughter passes
On Friday, March 16, 2018, New York Congresswoman Louise Slaughter passed away at the age of 88.  Slaughter served 31 years in Congress, and was most recently the ranking Democrat on the House Rules Committee. More here on the life and passing of Louise Slaughter.

Senate and Assembly pass budget resolutions
This week, both houses of the Legislature outlined their budget priorities by introducing and passing their own budget resolutions, which can be found here and here. Over the next two weeks, the governor and legislative leaders from both houses will negotiate the components of the state budget with the goal of completion before the April 1 budget deadline. Of note, the Assembly budget resolution contains an increase in the real estate transfer tax and a new “flip” tax imposed on the sale of residential buildings in New York City. NYSAR will be strongly opposing these proposals and working to make sure they are not included in the final budget agreement.
Joseph Percoco found guilty
Joseph Percoco, a former aide to Gov. Andrew Cuomo, was found guilty this week on three counts of conspiracy to commit honest services fraud, conspiracy to commit honest services wire fraud and solicitation of bribes and gratuities. He will be sentenced on June 11. More on this story can be found here.


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