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Cuomo veto spares condos, co-ops from paying prevailing wage

The real estate industry just scored a quiet victory in Albany. Gov. Andrew Cuomo pocket-vetoed a bill that would strip a popular property tax abatement from condominium and cooperative homeowners in larger buildings that failed to pay building service workers prevailing wage. The legislation, which was backed by building service workers union 32BJ SEIU, was not delivered to the governor’s desk until Dec. 30, and therefore died when he failed to sign it within 30

The Real Deal New York

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