Monday, June 6, 2016

Prevailing wage law worries New York NY developers and business groups



Business groups in New York are worried the Legislature in Albany could approve a law that would expand the state's prevailing wage law to include projects financed by industrial development agencies.

"We're deeply concerned," said Brian T. McMahon, executive director of the New York State Economic Development Council.

The law would require prevailing wages be paid on most projects that receive any amount of state financial support, according to an opposition memo written by another group, The Business Council of New York State Inc.

That means private developers who receive tax breaks or other assistance from an industrial development agency or a local development corporation would be required to pay prevailing wages during every phase of construction, from site surveys to cleanup, according to the Business Council.

Prevailing wage is already required in New York when private contractors are hired to build or maintain public works projects. The law, if approved, would broaden the definition of "public works."

Business groups say expanding the prevailing wage requirement would drive up costs and make New York even less competitive.

Prevailing wage rates vary by locality, job title and other factors. The rate is pegged to the amounts paid to unionized construction workers.

The legislation (A.10141/S.07861) was reported out of the Labor Committee in the Republican-led Senate and onto the floor, meaning it could be voted on before the session is scheduled to end June 15. It's sponsored by Sen. Jack Martins, a Long Island Republican.

In the Democrat-controlled Assembly, the legislation cleared the Labor Committee and was referred to the Codes Committee. The sponsor is Assemblyman Harry Bronson, a Rochester Democrat.

Source: New York Business Journal

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