New York State has expanded it prevailing wage law to include private projects worth $5 million or more and that have received public subsidies of at least 30% of total construction costs.
Gov. Andrew Cuomo signed the provision as part of the fiscal year 2021 budget on April 3. The definition of public subsidy includes:
· Direct or indirect payments by a public entity to contractors, subcontractors, developers, or owners that do not have to be repaid
· Savings from fees, rents, interest rates, other loan costs or insurance costs that are below market rate
· Savings from tax credits, tax abatements, tax exemptions, tax increment financing and payments in lieu of taxes
· Any other cost savings due to the involvement of a public entity
· Loans that are to be repaid on a contingent basis, and credits against loan repayments or other obligations.
There are exemptions such as tax credits for brownfield remediation and redevelopment. Projects not covered under the new law include owner-occupied single- or two-family dwellings, properties of four dwellings or less, certain not-for-profit projects, construction work performed under select pre-hire collective-bargaining agreements, projects funded by the state’s Urban Development Corporation Act or Downtown Revitalization Initiative, and certain school, historic, and renewable energy projects.
Related Stories
Codes and Standards | Jan 16, 2018
Engage code officials early for better building performance, predictable enforcement expectations
White paper says code officials should be collaborators and facilitators.
Codes and Standards | Jan 12, 2018
Arlington County, Va., earns first LEED for Communities Platinum Certification
Honor recognizes efforts to reduce greenhouse gas emissions, manage stormwater.
Codes and Standards | Jan 11, 2018
TRUE Zero Waste provides roadmap to divert waste away from landfills
USGBC program signs on more than 130 companies or facilities for certification.
Codes and Standards | Jan 10, 2018
Sliding-scale proposal for civil damages resulting from construction fatalities, injuries draws ire of trades
New York City Council proposal puts limits on penalties for safety violations leading to death, serious injury.
Codes and Standards | Jan 9, 2018
Federal appeals court orders EPA to revise lead standard within a year
Current exposure levels for lead in paint and dust have been in place for 17 years.
Codes and Standards | Jan 5, 2018
Building code officials should vet building product evaluation methods
Evaluation service providers should be properly accredited.
Codes and Standards | Jan 4, 2018
U.S. military needs to do more to address climate change risk for facility design
GAO report cites hundreds of overseas facilities in peril.
Codes and Standards | Jan 3, 2018
China Construction America faces billions of dollars in liability in lawsuit
Court filing alleges massive fraud and breaches of contract in Baha Mar Resort Project.
Codes and Standards | Jan 2, 2018
Smart building tech can reap utility savings of 8% to 18% in commercial buildings
Potential for increased deployment of smart building technology is great beyond early adopters.
Reconstruction & Renovation | Dec 21, 2017
Interactive map includes detailed information on historic New York City buildings
The New York City Landmarks Preservation Commission launched a new, enhanced version of its interactive map, Discover NYC Landmarks.
