How current events impact your business and real estate holdings

Monday, November 26, 2018

New laws expected as Democrats take control of NYS Legislature

This is not a politically charged article, but a functional article predicting the future. As a result of the November 6, 2018 elections, New York State no longer has a deadlocked Senate and many bills will now pass.

In 2018, the Democrats gained control of 40 seats and the Republicans gained control of 23 seats in the Senate giving them a majority from the prior 32 / 31 Republican control. Also, the Assembly remains democratic, as it has historically been since 1975. After the elections, the Assembly was 104 / 43 Democratic control.

With both New York State Senate and Assembly being dominated by Democrats, it is expected that more bills will be passed. The New York State Legislature is now less likely to be at an impasse on voting on the passage of bills. As such, stay tuned for updates on proposed bills and their passage, especially those related to real estate and employment law.

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