A blog for those interested in what affects, motivates and drives the New York City Nonprofit Sector — written by CRE’s crackerjack consulting team. We hope you use this space to share your thoughts, ask questions and engage in conversations about our city, social justice and the nonprofit sector.
By Rona Taylor, Social Work Intern - In 2009, New York State was faced with a $20 billion budget gap due to the weak economy. With the help of stimulus dollars, a personal income tax surcharge on New Yorkers making over $250,000, and new income tax reforms, that $20 billion budget gap has been reduced to a little over $1.5 million. However, the ongoing weak economy, in addition to the slow recovery, continues to undermine New York State’s efforts to restore those cuts. The following blog outlines information obtained from a Fiscal Policy Institute (FPI) briefing. ..
Monday, February 27, 2012