The Daily Dirt: Waiting for 485x reform? Mamdani admin says wait longer

AI Briefing

• – 485x tax abatement program is being proposed for reform, with developers seeking to weaken the wage standard and unions pushing to strengthen it.
• – The wage standard for construction projects over 99 units is a major point of contention between developers and labor groups.
• – Reform efforts are ongoing, but no clear resolution is in sight.