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Weekly Report

Weekly Report for November 16, 2018

Save the Date: NYSAR Lobby Day – May 19, 2019
All REALTORS are welcome to attend NYSAR’s Annual Lobby Day in Albany on Tuesday, May 19, 2019. Lobby Day provides members the opportunity to meet one-on-one with state lawmakers to discuss REALTOR issues. NYSAR will provide breakfast and lunch as well as reimburse members for some travel and hotel expenses. More details to come. 

Attend NYSAR’s NYC Issues Working Group Meeting – Dec. 12 at 11 a.m.
NYSAR’s New York City Issues Working Group will meet on Wednesday, December 12 at 11 a.m. at The Parkside Group offices at 132 Nassau Street, Suite 400 in New York, to offer an opportunity for all REALTOR members residing in NYC and its surrounding communities to discuss NYC-centric REALTOR issues. Staff will provide a post-election outlook and the Parkside Group will update members on commercial rent control legislation, the NYC property tax study and the residential fire sprinkler bill introduced by the City Council. RSVP by Dec. 7 to Franklin Essen at fesson@nysar.com or call 518-463-0300 ext. 216. Lunch will be provided. Feel free to use and distribute this flyer.

NY Amazon deal faces opposition, requires state board approval
Gov. Andrew Cuomo and New York City Mayor Bill de Blasio announced a plan to provide $3 billion in grants and tax breaks to incentivize online retailer Amazon to establish a headquarters in Long Island City in New York. Key elements of the plan still need approval from state legislative leaders through a three-member Public Authorities Control Board. Senator Michael Gianaris, who represents Long Island City and is the Senate Deputy Democratic Leader, has been a vocal opponent to the deal, along with other city and state officials.

NYC leaders call for phase-out of commercial tax break programs
NYC Council Speaker Corey Johnson and Finance Committee Chair Daniel Dromm on Nov. 14 called for the sunset of the city’s Commercial Revitalization Program and Commercial Expansion Program. The programs are meant to reduce real estate vacancy rates, boost employment, and encourage property renovations through tax incentives. The Independent Budget Office was tasked with reviewing the programs and issued a report calling into question their effectiveness. Read more here.

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