The Rent Guidelines Board has approved a nearly 4 percent hike for rent-stabilized apartments in the city, affecting some 1.1 million apartments by 3.75 percent for one-year renewals and 7.25 percent for two-year contracts, the New York Daily News reported. The hikes will take effect October 1. “It’s very disappointing,” said Jesse Duperon, who lives [...]
The Rent Guidelines Board will hold a final vote tonight on how much the tenants of more than one million rent-regulated city apartments will pay this fall. Board members are gathering at Cooper Union’s Great Hall at 5:30 p.m. to consider a hike of 3 to 5.75 percent for one-year lease renewals and an increase [...]
High water bills due to leaky pipes can drain one’s bank account, but new technology from the city Department of Environmental Protection could change that. The DEP is using wireless water meters across the city and will contact residents if it sees their bills spiking. Mayor Michael Bloomberg said in Douglaston, Queens today that the [...]
NYPIRG whiz Bill Mahoney reports an amazing $210,664,067 was spent lobbying in New York State in 2010, according to lobbying data obtained from the Commission on Public Integrity. The bump from 2009’s total of $197.8 million came out to an increase of 6.5%. Source: NY Daily News Continue Reading This Article here
The city’s largest landlord has secured desperately needed financing that could help steer it out of the red. Under a labyrinthine deal that federal and state lawmakers and city officials raced to complete in less than six months, the landlord, the New York City Housing Authority, will receive about $230 million for rehabilitating 21 developments [...]
A relative of two New York City politicians has pleaded guilty to charges that he embezzled $115,000 from a taxpayer-funded nonprofit group, then shared some of the ill-gotten gains with his lawmaking kin. Richard Izquierdo-Arroyo is the grandson of New York Assemblywoman Carmen Arroyo and the nephew of City Council member Maria del Carmen Arroyo. [...]
A former state investment officer has admitted helping channel hundreds of millions of dollars in public pension fund money to politically connected investment firms in a “pay-to-play” scheme. David Loglisci pleaded guilty in a Manhattan court Wednesday to a securities fraud charge. Loglisci had authority to recommend how to invest the pension money. Loglisci said [...]
One day after two high-profile investors pulled out of the project, there’s word the deal to bring thousands of video slots to Aqueduct racetrack could be scratched as early as today. According to the Daily News, Aqueduct Entertainment Group – the group chosen to run the racino – has failed to clear all the state’s [...]
New York Gov. David Paterson is pressing a state spending cap on a reluctant Legislature and pushing back against his lieutenant governor’s reported plan to borrow billions over several years to escape a fiscal crisis. Paterson says Tuesday that spending is the state’s top problem and it must be curbed or capped before resorting to [...]
The Triple Crown will have its last jewel this year, despite belt-tightening at the New York Racing Association. NYRA’s board of directors voted yesterday to hold the 141st edition of the Belmont Stakes this spring. The agency’s president had warned earlier this year that the event might have to be canceled because of budget cuts. [...]
