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Compass
851 Madison Avenue
New York City, NY 10021
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Stacey Froelich Team
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There are big changes ahead in 2025 for New York and dozens of new local laws and regulations that will impact New Yorkers' day-to-day lives.
Congestion pricing The plan to charge drivers a fee for entering Manhattan below 60th Street - For the hours between 5 a.m. to 9 p.m. on weekdays and 9 a.m. to 9 p.m. on weekends, drivers will be charged $9 starting Jan. 5, MTA officials said. All other times, drivers will be charged $2.25.
No more mandatory broker fees
The Fairness in Apartment Rentals Act shifts the responsibility of paying the broker — the liaison who shows the apartment and strikes a deal between the renter and the owner — to the person who hired the broker.
It's now illegal to sell dinner reservations In mid-December, Governor Kathy Hochul signed off on legislation that outlaws third-party services that book and sell restaurant reservations to exclusive places, calling the services "predatory" for making consumers pay extra for a table in demand.
The minimum wage has increased At the stroke of midnight on Wednesday, the city's minimum wage increased to $16.50 an hour.
Pregnant people now get additional time off from work for appointments On Jan. 1, a new law went into effect that allows privately employed pregnant people to get up to 20 hours of additional paid time off at work to go to prenatal appointments and any other medical care related to pregnancy, Hochul said
Ban on co-pays for insulin Insulin, the prescription drug that helps people manage their diabetes, is entirely covered by insurance statewide for most insurance plans.
You can read even more here. As always, our team will keep you informed on all things NYC!
Stacey Froelich
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Compass
851 Madison Avenue
New York City, NY 10021
Stacey Froelich Team