Gov. Kathy Hochul and state leader were originally supposed to come to a budget deal by Monday, but agreed to push the deadline to April 4.
One of the biggest issues still on the negotiating table is a housing deal.
Real estate leaders and labor unions are struggling to come to an agreement on a path forward to building more affordable homes.
A lot of issues remain unsettled, including a new tax incentive for developers and a wage deal for construction workers on future housing projects.
Kevin Elkins, the political director for the New York City District Council of Carpenters, joined NY1 political anchor Errol Louis on “Inside City Hall” Monday to discuss more.
“We’ve worked hard, in good faith, to craft a proposal that provides a wages and benefits package that’s significantly improved from 421a, and also incentivizes the development of as much permanently below market rate housing as possible for New Yorkers amid a deepening housing crisis. We’re hopeful all stakeholders will continue working constructively toward addressing the housing crisis in a meaningful way this legislative session,” Zach Steinberg, the senior vice president of Real Estate Board of New York, wrote in a statement.