O’SCANLON INTRODUCES LEGISLATION TO MAKE SURE ALL PROPERTY TAXPAYERS BENEFIT FROM ARBITRATION CAP

December 14, 2010 – (RealEstateRama) — Concerned that a significant number of already-expired public employee contracts would not be subject to the proposed two percent cap on arbitration awards to public employee unions, Assemblyman Declan O’Scanlon introduced today a measure clarifying that the cap would apply to contracts that expired before the cap begins on Jan. 1