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Budgets New York

Cozen O'Connor

New York Note: FY26 Budget Passage, City Legislation, Brooklyn Power 100

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On June 30, the City Council formally adopted the $115.9 billion FY 2026 budget. The budget includes funding to pilot a new free child care program for children under 2 years old, along with a significant increase in City...more

Cozen O'Connor

Broad Street Brief: FY26 Budget Negotiations Entering HOME Stretch

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FY26 Budget Negotiations Entering HOME Stretch - Thursday marks the final opportunity for the City Council to advance bills—including those tied to Mayor Cherelle Parker’s $6.7 billion proposed budget and Housing...more

Rivkin Radler LLP

New York Enacts Transfer-on-Death Deed Law

Rivkin Radler LLP on

On April 20, 2024, New York State adopted legislation that allows for so-called transfer-on-death (TOD) deeds as part of its Fiscal Year 2025 Executive Budget. The TOD Deed Law, which takes effect on July 19, 2024, will be...more

Harris Beach Murtha PLLC

Calling Out Affordable Housing Components of New York Budget Bill

A number of affordable housing components of the New York State Budget Bill are worth calling out for developers, as the moves, along with the hundreds of millions of dollars coming from the state, should spur development. ...more

Cozen O'Connor

NYC Council’s Preliminary Budget Response

Cozen O'Connor on

Earlier this week, the New York City Council released its response to the Mayor’s Fiscal Year 2025 Preliminary Budget. The response identifies $6.15 billion in newly available funds, citing higher-than-expected tax revenue...more

Cozen O'Connor

New York Note: City Budget, Primary Elections, Congestion Pricing Update

Cozen O'Connor on

NYC FY24 Budget Adopted- Last week, Mayor Eric Adams and Council Speaker Adrienne Adams announced that they have reached an agreement on a $107 billion budget for the City’s Fiscal Year 2024 (FY24), which began on July 1,...more

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