Cuomo wants to exempt NYC from prevailing wage bill

The union-backed state assembly bill would expand prevailing wage to more workers in government-funded projects

New York /
Jun.June 19, 2019 09:19 AM
Governor Andrew Cuomo (Credit: Getty Images)

Governor Andrew Cuomo (Credit: Getty Images)

New York City developers who have sounded off alarms over the new prevailing wage bill have found an ally in Gov. Andrew Cuomo.

The governor is pushing to leave the city out of a bill that would broaden which public-works projects require higher wages, according to the Wall Street Journal. He has previously expressed support to expand the measure.

“This time of year in the Capitol you have a lot of political desires, which are sometimes uninformed or unsophisticated as to the actual effect,” Cuomo told a public radio station this week. “If you pass a prevailing-wage law that actually stops construction, then you help no one.”

The bill, which was introduced to the State legislature by Assemblyman Harry Bronson, a Rochester Democrat, would expand the definition of public works to include projects that receive more than 30 percent of government funding, and therefore make them eligible for prevailing wage benefits for workers on those sites.

Earlier this month, Albany legislators were considering including wage thresholds that vary by region. Under that proposal, a New York City project could receive as much as $1 million in subsidies without requiring prevailing wage. A new commission would determine how much support a project could get from an industrial development agency before prevailing wage requirements take hold.

Unions have long advocated for the bill ahead of the closing of the legislative session this week. But New York City developers say the measure would impose “revolutionary change” and have a negative effect. [WSJ] —David Jeans 


Related Articles

arrow_forward_ios
Governor Andrew Cuomo and Senator James Skoufis (Credit: Getty Images, NY Senate)

Owners of some residential properties can’t hide behind
LLCs anymore

Owners of some residential properties can’t hide behind
LLCs anymore
Blackstone CEO Steven Schwartzman and Stuyvesant Town (Credit: Getty Images)

After authorities vowed review of Stuy Town deal, Blackstone changes course on vacancies

After authorities vowed review of Stuy Town deal, Blackstone changes course on vacancies
Tete-à-tete with TRD: How landlords are dealing with New York’s new rent laws

Tete-à-tete with TRD: How landlords are dealing with New York’s new rent laws

Tete-à-tete with TRD: How landlords are dealing with New York’s new rent laws
Gov. Andrew Cuomo (Getty, iStock)

Cuomo to ease requirements for rent relief

Cuomo to ease requirements for rent relief
Gov. Andrew Cuomo and City Council member Mark Levine (Getty; City Council)

Parts of Manhattan, Staten Island enter lockdowns, but is it enough?

Parts of Manhattan, Staten Island enter lockdowns, but is it enough?
Mayor Bill de Blasio and Governor Andrew Cuomo (Getty)

Real estate braces for new restrictions as virus cases surge

Real estate braces for new restrictions as virus cases surge
Charles Kushner and 18 Sidney Place (18 Sidney Place via StreetEasy)

Tenants get class-action status against Kushner in Brooklyn rent case

Tenants get class-action status against Kushner in Brooklyn rent case
Chestnut Holdings president Jonathan Wiener (Photos via iStock; The Westchester Bank)

State investigation takes issue with faulty lease riders

State investigation takes issue with faulty lease riders
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...