Assembly budget bill includes $20 million for New York land banks

The NYS Assembly budget currently includes $20 million to be allocated to land banks. Assemblyman William Mangnarelli of Syracuse chairs the Local Governments Committee and was a big advocate for including land bank funding in the state's budget. "I think it's important we continue to support the land banks because they're a way to invigorate neighborhoods in urban areas," Magnarelli said.

For more information, visit the Albany Business Review's story.