What is NYC Council discretionary funding?
Each year the New York City Council awards discretionary funds to nonprofit organizations to meet local needs. To learn more about the discretionary award process and applying for funding, please read City Council’s Discretionary Policies and Procedures.
What is the NYC capital budget?
While the long-term impact of the pandemic is still unknown, the New York City Council adopted an optimistic capital budget of $67.1 billion for Fiscal Years 2022 to 2025.
Who controls NYC budget?
The Mayor’s Office of Management and Budget
The Mayor’s Office of Management and Budget (OMB) is the City of New York’s chief financial agency. OMB’s staff of more than 400 analysts assemble and oversee both the expense budget (Fiscal Year 2023 $99.7 billion) and capital budget (Fiscal Year 2022 Adopted Capital Budget $17.0 billion).
What are capital grants?
Definition of capital grant : a contribution usually by a government to an independent governmental body or authority to cover part of the cost of the latter’s facilities (as federal grants for highways or public housing) — compare grant-in-aid.
What are discretionary funds?
discretionary fund. noun [ C ] FINANCE. an amount of money that is available to spend on things that are not considered necessary but that may be useful: Governors of some states are given discretionary funds to spend on small-scale projects.
What are discretionary funds used for?
This spending is an optional part of fiscal policy, in contrast to social programs for which funding is mandatory and determined by the number of eligible recipients. Some examples of areas funded by discretionary spending are national defense, foreign aid, education and transportation.
Has NYS budget passed 2021?
Building a stronger and more equitable New York. (Albany, NY) The Senate is passing the 2021-2022 State Budget that makes historic investments in education, the environment, and economic recovery.
What is New York capital?
Albany
The capital is Albany. Encyclopædia Britannica, Inc. The bluebird is the state bird of New York. The rose is the state flower of New York.
Where does NYC get its money?
This includes collections of taxes such as the general property tax, personal income tax, and sales tax; revenues generated by government agencies for services such as licenses, permits, and rental income; and categorical grants for specific programs or services received from the state and federal governments.
Where does New York City get its money from?
Finance, high technology, real estate, insurance, and health care all form the basis of New York City’s economy. The city is also the nation’s most important center for mass media, journalism, and publishing.
What can capital grants be used for?
Capital grant funding is the money that is provided by funders to assist with the acquisition, final-stage design, construction, repair, renovation, rehabilitation, or other capital improvements or deferred maintenance of facilities.
How do I apply for City Council discretionary funding?
Nonprofit organizations that wish to receive discretionary funding must submit a City Council Discretionary Funding Application. The Application is generally available in January for six weeks only. City Council’s website provides information on the application and submission schedule.
What is the New York City Council discretionary award program?
Each year the New York City Council awards discretionary funds to nonprofit organizations to meet local needs. To learn more about the discretionary award process and applying for funding, please read City Council’s Discretionary Policies and Procedures.
How do I request funds from the borough president (s) and City Council?
*If requesting funds from BOTH Borough President (s) and City Council for the same project. Click on the link below to download the Application Documents. Please SAVE the Application Documents on to your computer and fill them out electronically using Adobe Reader.
How is capital funding allocated to DCLA?
Capital appropriations are allocated by the Mayor, City Council and Borough Presidents in the City’s Adopted Budget. Once capital funding is allocated in DCLA’s budget, DCLA works with the cultural organizations to confirm their project scope and also to determine the appropriate administrative agency.