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

TRD 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

Blackstone CEO Steven Schwartzman and Stuyvesant Town (Credit: Getty Images)

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

Real Capital Analytics data showed that New York’s multifamily market had a very slow July. (Credit: iStock)

New NYC rent law “beginning to shut down investment”

A&E Real Estate Holdings principal Douglas Eisenberg and the properties along Queens Blvd and 65th Avenue (Credit: The Rego Park 18 Portfolio)

A&E Real Estate buys huge rent-stabilized portfolio at deep discount

Clockwise from left: 5203-5207 Church Avenue in Brooklyn, 119-40 Metropolitan Avenue in Queens, 855 East 217th Street in the Bronx and 31-35 Steinway Street in Queens (Credit: Google Maps)

Going once, Going twice! Rent-stabilized portfolio hits auction block

Taconic Investment Partners’ Charles Bendit and A&E Real Estate Holding’s Douglas Eisenberg (Credit: Getty Images, iStock)

Multifamily heavyweights pitched rent plan before Albany hammered landlords

Cea Weaver and the Nassau County Courthouse (Credit: Wikipedia)

Tenant group attacks Democratic senators for taking real estate money

E.L. Tower in Rochester, New York (Credit: Google Maps, iStock)

Tenant organizing rights at stake in arrested activist’s case

arrow_forward_ios