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“Small firms are a cornerstone right here in our New York financial system. Pointless and extreme fines are a danger to our ongoing restoration efforts. Reforming violations will proceed to carry the vibrancy once more to the town, which is ready to produce jobs and extra stabilize our communities,” mentioned Meeting Member Latrice Walker. “As our small firms have struggled to stay afloat via the monetary disaster introduced on by the pandemic, extreme fines threaten their survival,” talked about Meeting Member Daniel Rosenthal.
Common residence insurance coverage costs rose 11.4% between 2017 and 2020, outpacing inflation and driving up the …