Oppose Prevailing Wage for Non-Profit Projects in This Year's Budget
Prevailing wage is included as a top budget priority for Governor Andrew Cuomo. The proposal, Part FFF of the Transportation, Economic Development, and Environmental Conservation (TED) Article VII Budget Proposal, would impose “prevailing wage” requirements on construction projects that receive public funding over $5 million where such funds account for at least 30% of the total construction cost. Public funding would include most bond issuances, grants, tax abatements, and other government assistance. Prevailing wage requirements could increase labor costs by 25 percent or more, thereby increasing overall construction project costs by 15 to 20 percent for many types of projects that would be affected by this expanded wage mandate.
With no additional funding provided for in this proposal, the cost of this 15 to 20 percent “construction tax” would ultimately need to be passed on to seniors and their families.