Legislators Leave Albany With Work To Do
ALBANY (AP) New York lawmakers have headed home for the weekend without reaching a compromise on the extension of New York City's rent regulations.
Members of the Assembly and Senate left Albany Thursday and plan to return Monday, the day the law governing the city's rent stabilization policies expires.
A short-term extension of the law by six months or a year is one idea being floated by lawmakers. That would give lawmakers more time to consider more significant changes.
The Assembly has already approved a four-year extension that also strengthens the rules governing how landlords can raise rent on vacant units. The Senate has yet to consider any proposal.
The rent rules cover approximately 1 million units in and around New York City.
The Legislature plans to adjourn its 2015 session Wednesday.