Portside

Five judge panel rules unanimously determination of Kingston Rent Guidelines Board mandating 15% rent reduction is valid “[n]othing in the applicable statutory language explicitly requires that the Board adjust the rent upward rather than downward.”

After surviving the worst of the pandemic, the city now faces budget cuts that seem to promise even more disruption. The average rent of a Manhattan apartment is now reaching $5,249 a month, an increase of nearly 20 percent over the previous year.