What the state budget means for real estate

Gov. Kathy Hochul announced with much fanfare last week that state lawmakers had reached a “general agreement” on a $268 billion budget. But almost immediately, legislative leaders made clear that key policy and funding details were still being worked out, with the plan now more than six weeks past its April 1 deadline. While lawmakers are closing in on final budget language and formal approval, a final deal still isn’t expected for at least another week or two. In the meantime, here’s where some of the biggest real estate-focused proposals stand. Pied-à-terre tax A month after Kathy Hochul floated a […] This article originally appeared on The Real Deal. Click here to read the full story.