Showing posts with label Economy. Show all posts
Showing posts with label Economy. Show all posts

Monday, May 13, 2013

News from State Comptroller Thomas P. DiNapoli


News From State Comptroller Thomas P. DiNapoli

line

For the week ending May 12, 2013 


DiNapoli: IDA Performance Improves, But Concerns Remain

New York’s Industrial Development Agencies (IDAs) supported nearly 4,500 projects and provided $560 million in net tax exemptions in 2011, increasing estimated job gains by almost 36,000 from the previous year, according to areport issued Tuesday by State Comptroller Thomas P. DiNapoli. DiNapoli’s sixth annual report examining the performance of the state’s IDAs found improved reporting of data but recommended that IDAs do more to objectively weigh incentives against economic benefits to communities and evaluate projects receiving tax and other breaks.

State Pension Fund Invests $568,000 In Fieldlens

New York State Comptroller Thomas P. DiNapoli announced a $568,000 investment in FieldLens, creator of a mobile and web application designed for the construction industry. The investment was made through High Peaks Venture Partners, SoftBank Capital and Contour Venture Partners. The New York State Common Retirement Fund is an investor in these funds through its In–State Private Equity Program.

DiNapoli: Empire Continuing to Overpay for Special Medical Items

New York State health insurance provider Empire BlueCross BlueShield overpaid hospitals by nearly $490,000 for special medical items such as implants, drugs and blood, including more than $77,000 to just one hospital, over a six month period, according to an audit of the New York State Health Insurance Program released Thursday by State Comptroller Thomas P. DiNapoli.

Comptroller DiNapoli Releases Municipal Audits

New York State Comptroller Thomas P. DiNapoli Wednesday announced his office completed the following audits: the Village of Arcade; the Town of Ballston; the Town of Eastchester; the Halfmoon–Waterford Fire District No. 1; the Village of Herrings; the Village of Lewiston; the Village/Town of Mount Kisco; the Town of Northampton; and, theTown of North East.



Also in the News

line


Friday, February 19, 2010

NYS Parks and Historic Sites to Close Due to Budget Cuts

The Office of Parks, Recreation, and Historic Preservation (OPRHP) today put forward a recommended list of closures and service reductions in order to achieve its 2010-11 agency savings target and help address the State's historic fiscal difficulties.

Governor David A. Paterson issued the following statement:

"New York faces an historic fiscal crisis of unprecedented magnitude. It has demanded many difficult but necessary decisions to help ensure the fiscal integrity of our State. The unfortunate reality of closing an $8.2 billion deficit is that there is less money available for many worthy services and programs. In an environment when we have to cut funding to schools, hospitals, nursing homes, and social services, no area of State spending, including parks and historic sites, could be exempt from reductions. We cannot mortgage our State's financial future through further gimmicks or avoidance behavior. Spending cuts, however difficult, are needed in order to put New York on the road to fiscal recovery. Going forward through the budget process, I look forward to a productive dialogue with the Legislature on parks and historic sites, as well as other issues."

OPRHP Commissioner Carol Ash issued the following statement:

"The 2010-11 Executive Budget included reductions to every area of State spending. As such, the Office of Parks, Recreation, and Historic Preservation has today put forward proposed closures and service reductions to meet its agency savings target. These actions were not recommended lightly, but they are necessary to address our State's extraordinary fiscal difficulties."

###

A fact sheet on the proposed closures and service reductions is included below:

The Office of Parks, Recreation, and Historic Preservation (OPRHP) today put forward a list of closures and service reductions in order to achieve its proposed 2010-11 agency savings target and help address the State's historic fiscal difficulties. As part of a comprehensive plan to close an $8.2 billion deficit, the 2010-11 Executive Budget included necessary cost reductions to each executive State agency, as well as cuts to education, health care, social services, and every other area of State spending.

OPRHP's plan includes the closure of 41 parks and 14 historic sites, and service reductions at 23 parks and 1 historic site.

The plan also assumes $4 million in park and historic site fee increases that will be identified at a later date, and the use of $5 million in funds from the Environmental Protection Fund (EPF) to finance OPRHP operations. These two actions were part of the 21-day amendments to the Executive Budget and are intended to reduce the number of parks and historic sites subject to closures and service reductions.

Specific recommended closures and service reductions are detailed here.

Monday, January 18, 2010

17 Ways Consumers Are Changing

US News and World Report featured an article on 17 ways consumers are changing in response to the economic challenges and changes. The last couple are of the most interest, especially the focus on volunteering. This presents a significant opportunity for nonprofits and their boards of directors.

Less healthcare. There's no upside here. With unemployment skyrocketing, millions have lost health insurance coverage or cut back on care to save money. Some people go without drugs they've been prescribed or cut the dosages in half, so the pills last longer. (Not recommended!) In some areas, people are compensating for reduced coverage by taking advantage of free offerings like mammograms or flu shots.

More negotiating. It's no longer cool to pay the list price for everything, and consumers are less embarrassed asking for discounts. Retail merchants won't always haggle, but eBay sellers will, and state-your-price websites like Priceline have been booming.

More volunteering. Americans with more time on their hands find it rewarding to spend some of it helping others. "I do volunteer projects to help keep social connections up," says Kathy Bowman of Joseph, Ore. "Think volunteering at community events, serving on the boards of disability or folk dance organizations, small donations to the humane society or kids' projects."

Redefining success. We used to measure it by how much money and stuff we had. Whoops. With jobs scarce and money tight, Americans are seeking more satisfying work--and giving up material goods to get it. Cathy Goerz of San Francisco spent the past year making a low-budget film documentary--a longtime goal--after losing her job at a corporate communications firm. She lives on 75 percent less than before, but she cherishes the freedom: "My quality of life has not changed at all," she says. "I think it's improved. I'm not tied down by location, and I don't have to be under somebody's gaze eight hours a day." Now that's a recovery.

Read the full article here.

Friday, September 25, 2009

United Way of the Southern Tier Kickoff

The Evening Tribune reported that around 40 area business owners, executives and government officials came out to show their support for the United Way of the Southern Tier at the group’s annual kickoff dinner Tuesday thanking leaders in the community for support.

Stephen Hughes, vice-president of resource development for the United Way of the Southern Tier, spoke to the group about the need for assistance locally.
“I don’t have to tell anyone in this room the difficult climate we are in,” Hughes said.

The United Way hopes to raise $316,500 locally this year, according to agency officials, and the major sponsors of the campaign this year are Steuben Trust Company and Five Star Bank.
Jeffrey Kenefick, president of Five Star Bank, said donations are needed to help support the group.

“Without everyone here, the United Way, this great organization, would not be here,” Kenefick said.

The keynote speaker at the dinner was was Mary LaRowe, chief executive officer of St. James Mercy Health Systems.

“We have each others’ back in the community,” she said. “This is our community, and if there’s ever been a time for your donation to count, that time is now.”

Money raised for the United Way of the Southern Tier — including $4.5 million raised in the last year — fund several programs throughout the region, LaRowe said.

A new program sponsored by the organization is the Finger Lakes Region 211 help line, which offers a toll-free number to receive non-emergency assistance from non-profit organizations, health care providers and government agencies.

Another important program, the Creating Assets, Savings, and Hope program, which gives those needing help time to sit down with a financial planner for help with taxes, debt reduction and saving. Funds also are disbursed to area agencies, like the Hornell Area Concern For Youth, in forms of community investment grants.

The United Way of the Southern Tier was formed in 1993 by the merger of the South East Steuben United Way, Central Steuben United Way, the Hornell Area United Way and the United Way of Chemung County. This year, according to the United Way’s Web site, the goal was set at $4.5 million at the group’s annual kickoff event at Wings of Eagles Discovery Center at the Elmira-Corning Regional Airport.

For more information on the United Way of the Southern Tier, visit www.uwst.org.

Thursday, September 24, 2009

Economic woes take toll on nonprofits

The Corning Leader reported that just as in other parts of the U.S., job losses and hard economic times are forcing more local residents to go without health insurance.

That’s putting a straining on nonprofit groups such as the Health Ministry of the Southern Tier, which offers free medical services to residents of Steuben, Chemung and Schuyler counties.

“There are 22,000 residents in Steuben, Schuyler and Chemung counties without health insurance,” said Ray Defendorf, community relations contact with the health ministry. “Using our current volunteers, we’re reaching about 4.5 percent of the 22,000. We’re putting our finger in the dike. We’re dependent on volunteers stepping forth.”

In 2008, the health ministry saw 2,700 patient visits at its facilities in Corning, Elmira, Bath and Watkins Glen, which represented a 24 percent increase from 2007. Read more here.

Wednesday, August 19, 2009

Highlights of the August 18, 2009 meeting of the Tompkins County legislature

Legislature Addresses 2009 Budget Challenges: The Legislature, by a vote of 13-1, authorized a series of internal account transfers and policy changes to bring the 2009 budget into balance, reconciling a projected $3.5 million budget shortfall. (Legislator Mike Sigler voted no; Legislator Kathy Luz Herrera was absent.) Policy changes include a flexible freeze on hiring and on equipment purchases greater than $2,000, as well as a temporary suspension of the County’s rollover policy which would allocate department personnel-related savings during 2009 to offset projected County deficits, rather than being retained by departments.

Legislator Sigler maintained that the action to implement a flexible freeze was not needed, since the Legislature had already acted earlier this year to authorize the County Administrator to review all department requests to fill open positions, and he noted that policy has already produced results. Administrator Joe Mareane, who along with Finance Director David Squires had recommended the adjustments, responded that the action formally puts the Legislature on record indicating that the County is at a very difficult time requiring vigilance on both hiring and equipment. All elements, he said, are part of a general belt-tightening effort that is essential this year.

The expected shortfall reflects deficits in sales tax receipts, state aid, social services programs, interest earnings, and the Assigned Counsel budget. Available resources come from nearly $1.8 million in federal stimulus funding and $800,000 in personnel-related savings, among other sources.

Contact: Jim Dennis, Chair, Budget, Capital and Finance Committee 387-4058; Legislator Mike Sigler, 339-7978;County Administrator Joe Mareane, 274-5551./

Sunday, August 16, 2009

Corporations Take a Low-Key Approach to Event Sponsorship

The NY Times featured an article recently about major corporations approach to spending to entertain valued clients at golf tournaments and exclusive receptions.

Some of the nation’s biggest banks held parties at the U.S. Open golf tournament on Long Island this summer, but their names and logos were absent.

But where these companies once splashed their names and logos on every polo shirt and tote bag in sight, they are now going to extraordinary lengths not to be noticed.

Take the U.S. Open golf tournament at Bethpage Black, where the nation’s biggest banks held parties this summer at the Heritage Club, an exclusive corporate hospitality center just off the 18th hole of the Long Island club. Goldman Sachs, Bank of America, Merrill Lynch and Morgan Stanley all brought clients to watch the tournament and dine at a buffet and open bar.

But an observer would never have known the banks were there.

Guests of the banks sat at tables, each costing $50,000, with no indication of who was paying for them. Nor were the bank’s names on any of the other displays of corporate sponsors. As a group, the banks paid $750,000 — Goldman had two tables at $100,000; Bank of America and its Merrill subsidiary took eight tables at a cost of $400,000; and Morgan Stanley shelled out $250,000.

“Clearly, they did not want to be identified,” said one volunteer at the Heritage Club, who also declined to be identified because he was not authorized to talk publicly for the club. “I thought maybe I’d just put a generic ‘TARP Recipient’ sign at the center of each table.”

Those who plan corporate events call the new practice “stealth spending.” In some cases, a corporate gathering is so well disguised that the event planners may not even know whose event they are working on. The subdued approach — no greeters at airports with corporate signs, no large banners — stems from worries that anything too lavish will suggest the companies are out of touch with the painful financial circumstances of many Americans. But it does not mean the parties have stopped. Read more here.

Friday, July 31, 2009

National Council of Nonprofit Policy News

This information is provided on behalf of the National Council of Nonprofits to share with New York Council of Nonprofits and its members.

Senate Appropriators Act to Fund More of the Serve America Act - including the Nonprofit Capacity Building Fund
After a significant slash in the Administration's request for the Serve America Act appropriation on the House side (HR 3293) - the House cut $90 million of the President's Budget Request for $259 million - the Senate Appropriations Committee acted this week to maintain that request and add more to grow the number of AmeriCorps volunteers and to launch new programs. A Senate floor vote is next, but it is not expected until September after Congress returns from its August recess. Learn more.

Nonprofit State Associations Meet with White House Office of Social Innovation and Advocate on the Hill
In an historic first, 80 nonprofit leaders from our State Association network, representing more than 20,000 organizational members from across the country, met July 14 with a senior White House official to explore ways government and nonprofits can best partner to serve local communities. Read our Press Release. (Note: NYCON was a part of that meeting)

Federal Legislative and Regulatory Developments
Health Care Reform Impasses Breaking Down as Difficult Negotiations Continue
Nonprofits can raise their health care reform issues with their members of Congress over the August recess, because the anticipated pre-recess votes will not occur due to reform discussions slowing down on Capitol Hill. The slow-down has come in the House in the Energy and Commerce Committee where "Blue Dog" fiscally conservative Democrats are a force, and in the Senate Finance Committee (SFC) where the daily negotiations of six key Senators continues. Critical issues that dominate are how to bend the cost curve of health care in this country so that reform is fiscally meaningful, whether a public plan will be an option, and whether - and on what terms - an employer mandate to provide insurance coverage will exist. Read more.

Restrictions on Legal Services Corporation Possibly Diminshed
The Senate Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies approved the FY 2010 appropriations bill covering the Legal Services Corporation (LSC) on June 30. Notably, it would remove restrictions on LSC grantees' state, local, and private funds. Read more.

Tribal Charities Fairness Act Introduced
This bill would amend Section 7871 of the Internal Revenue Code to allow Indian tribes to be treated the same as state and local governments when they provide funding to charitable nonprofits. Learn more.

Discretionary Appropriations for Labor, Health and Human Services, and Education Probably Increasing
Both the House and Senate Labor, Health and Human Services, Education and Related Agencies appropriations bills include major discretionary spending programs - in the $160 billion plus range - administered by key departments that influence the health, education, and working opportunities of many nonprofit clients. Learn more about the specific appropriations levels.

Monday, May 25, 2009

Nonprofit Media Roundup

The following articles were offered by the Minnesota Council of Foundations:

Economy
Nonprofits Fear Charitable Giving Will be Cut by More Than 10%
Investment News: The banking and finance industries make up 25% of foundation support, study says.

Donors Find Gift Annuities Can Stop Giving
Wall Street Journal: The economic downturn could cause some charities to have trouble meeting their annuity obligations.

From the Answer Desk: How Can Foundations Avoid or Address Financial Emergencies?Foundation Center: There’s no single answer that will be right for all organizations. Here are 10 resources that may help.

Recession Slams U.S. Arts Organizations
Philanthropy News Digest: U.S. Art Organizations fight the economy and the perception that donations to the Arts are frivolous in tough economic times.

National
Nonprofit Groups Receive Mixed Results in Obama’s Budget
The Chronicle of Philanthropy: The $3.5-trillion federal budget that President Obama has proposed for 2010 would affect federal programs in a variety of ways that affect charities.

Highlights from President Obama’s Budget Proposal
The Washington Grantmakers Daily: Seven articles about President Obama’s budget and how it will impact different nonprofits.

Michelle Obama Announces $50 Million Fund for Nonprofits
The Washington Post: Michelle Obama unveils Social Innovation Fund. Initiative to provide capital to support innovative nonprofit organizations and to help social entrepreneurs expand.

Philanthropy Adapts to the Obama Era
The American Prospect: One philanthropist reports feeling he has a “partner, not an adversary” in new administration. A reflection on philanthropy and its relationship with both past and current administration.

Charities Reap Benefits of Contests on the Internet
The New York Times: The opportunities for nonprofit groups to win money through contests are proliferating.

Target, Facebook Team Up and Let 10 Charities Compete for $$$
Star Tribune: Target Foundation asks facebook members to vote on distribution of $3 million among ten different charities.

Wednesday, May 20, 2009

How is the economy affecting our region’s arts and cultural life?

Ginnie Lupi related: The ARTS has received several phone calls from journalists wanting to know how artists and arts/cultural organizations in our region are faring under current economic conditions. Yesterday’s New York Times ran an article on this issue, interviewing artists of all disciplines; some were upbeat, but most were despairing.

Instead of just passing on the anecdotal information we’re hearing about the economy’s affect on the region’s arts and cultural life, we’d like to hear from you directly. Read about comments left or leave your own feedback here.

Wednesday, May 13, 2009

Surviving Tough Economic Times Program

Support programs and services available to help you survive these troubled times.
June 10, 2009 8:00-10:30a.m.
Presented by:
Tompkins JSEC

Are you interested in energy and cost savings for small and medium sized businesses? How can businesses take advantage of a variety of educational, technical, and financial assistance energy programs?

Are training funds one of the items recently cut from your budget, leaving you unable to upgrade the skills of your current workers or bring in new employees that lack fundamental skills your business requires?

Is your business contemplating layoffs as a method to deal with the harsh economic environment we find ourselves in these days?

Are your employees struggling to get by, not knowing what supports are available to them or whether or not they might even qualify for assistance?

Your Tompkins JSEC has assembled a program to address these issues!
Learn about cost saving energy initiatives from a representative of New York State Energy Research Development Authority

Become informed about the training funds that are currently available and about the On-The-Job (OJT) funds that you can use to subsidize your training needs.

Join us to learn about the NYSDOL’s Shared Work Program, also known as the “Layoff Alternative”.

Find out about the new website, myBenefits.ny.gov, which your employees can access to determine if they are likely to qualify for any of the many assistance programs currently available to New York State residents.

The course will be of interest to small business owners, human resource professionals, business leaders, consultants, managers, and supervisors.

Join us for this very informative and relevant program!!!
Location:
Country Club at Ithaca
189 Pleasant Grove Rd
Ithaca , NY

Agenda
8:00 a.m. - 8:30 a.m. Registration & Breakfast
8:30 a.m. - 8:35 a.m. Opening Comments
8:35 a.m. – 9:00 a.m. Dennis Mastro, NYSERDA
9:00 a.m. – 9:15 a.m. Diane Bradac, Tompkins Workforce
9:15 a.m. - 9:50a.m. Wally Powers, Shared Work
9:50 a.m. - 10:20 a.m. Paula Guzzey, OTDA-NYS JOBS
10:20-a.m.-10:30a.m. Q &A

To Register:
Email usbcal@labor.state.ny.us or call Cathy Leonard 607 741-4518

Tuesday, April 28, 2009

Community Discussion: Local Implications of the National Economic Crisis

Is your agency or practice seeing fallout from the economic crisis? Are you, personally? Come join us next Monday evening for a community discussion on the Local Implications of the National Economic Crisis. TC Human Services Coalition's own Kathy Schlather is a featured panelist!

All local residents are invited to a panel discussion and forum, “Local Implications of the National Economic Crisis,” will be held on Monday, May 4, 7:00-9:00 pm at the Town of Ithaca Hall, 215 North Tioga St. Panelists are Karl Graham, Director of Community Relations and Development at Alternatives Federal Credit Union, Kathy Schlather, Executive Director of the Human Services Coalition of Tompkins County, and Michael Stamm, President of Tompkins County Area Development (TCAD). The forum will present information from a variety of viewpoints on how the national economic situation is impacting local businesses, nonprofits and individuals, and encourage open discussion and deliberation on possible local responses. The forum is sponsored by the Tompkins County Democratic Committee’s Issues Committee, and is free and open to all interested in attending.

Monday, March 9, 2009

Special Reports on Economic Stimulus and Recovery




The National Council of Nonprofits, a partner association of the New York Council of Nonprofits (formerly CCSNYS), continues to post their Special Reports on Economic Stimulus & Recovery. The National Council of Nonprofits is proud to openly share this evolving series of Special Reports about our nation’s economic recovery, including analysis of the American Recovery & Reinvestment Act of 2009 (commonly referred to as the economic stimulus bill) that President Obama signed into law on February 17, 2009.


The newest report, Sources of Information Regarding Stimulus Funds, is available now: Special Report #4
This report identifies national and state sources of information about the federal stimulus funds, including official recovery websites that states have established.

Monday, February 23, 2009

Southern Tier Nonprofit Executive Directors Group meeting set for March 18th

The first Southern Tier ED Group meeting will be held on March 18th following the Institute for Human Services 2009 Annual Conference called Managing in Tough Times: Leveraging Resources and Enhancing Networks. The meeting will begin at 12 pm and the agenda is below. The meeting is free for IHS conference participants and $5 for other executive directors. Refreshments will be provided.

AGENDA:

  • Short introduction to the NY Nonprofit Executive Directors Network by CCSNYS regional manager Andrew Marietta
  • IHS director Pat Rogers will give a short compilation of what the Steering Committee has been working on (including mission statement)
  • The Group will establish a meeting schedule
  • Do a Graffiti type exercise with flip charts containing headlines of important key topics for the Group

Date: Wednesday, March 18th, 2009
Time: 12:00pm to 12:45pm
Cost: Free to IHS conference participants and $5 for other directors - Open to nonprofits from the Five county region (Steuben, Allegany, Chemung, Schuyler and Yates)
Refreshments will be provided
Location:
Radisson Hotel Corning, 125 Denison Pkwy E, Corning, NY 14830

REGISTER HERE

Friday, February 6, 2009

Highlighting the struggles of the region

This info was shared by Martha Robertson, Tompkins County Legislator, Town of Dryden (western half). She relates that while other communities are being hit harder, Tompkins County is being impacted. As she relates:

"On Wednesday of this week, those of us who attended the Homeless & Housing Task Force meeting described below heard reports from a long list of the "safety net" agencies. These included the Tompkins County Office for the Aging, Food Bank of the Southern Tier, the Red Cross, Tompkins Community Action and many others. Just a few "lowlights" --
  • There have been spikes in the number of guests going to Loaves and Fishes for meals and advocacy.
  • TCA is getting at least 50-75 calls a day for heating assistance. They had to change their food pantry hours to accommodate people trying to get there on their lunch hour. In other words, working people are seeing their hours cut so they can't feed their families on their wages anymore.
  • Catholic Charities has given security deposits to 70 families in the last four months; the remaining money has to last eight months, until the new IURA funds kick in, next October 1. However, they only have enough money to serve another 28 families.
  • Workforce NY is seeing about 560 people a month coming in looking for work; many more senior citizens are coming in looking for a job.

The real families behind these numbers are struggling. The nonprofits are fighting to preserve services in the face of state budget cuts. The need is exploding and the resources are shrinking."

This info clearly shows the growing needs and some of the many challenges the nonprofit sector is confronting. The Southern Tier ED Group will continue to post regional information here, and invites other EDs to share their stories.

Monday, February 2, 2009

Managing through the Downturn

Fiscal Management Associates (FMA) and the Nonprofit Finance Fund (NFF) joined together to present a workshop, The 2009 Nonprofit Economic Climate: Managing through the Downturn, that offered nonprofit leaders concrete tools to lead their organizations in response to the current ecnomic challenges. With the support of The Clark, Robin Hood, and Tiger foundations, the tools and presentation from this program are available online here. The link offers a 90 minute webinar and powerpoint and various tools.

Available tools include:
  • Recession Checklist
  • Recession Tips
  • Cash Flow template
  • Financial Matters for Bankers
  • Reserve Options
  • Scenario Planning Model
  • Cost Reduction Strategies
  • Cost Containment Discussion
  • Scenario Planning Process
  • Strategic Alliances Checklist

Tuesday, January 27, 2009

Cuts to arts have economic impact

Audrey J. Szychulski, executive director of the Orchestra of the Southern Finger Lakes, shared her thoughts in the Star-Gazette on cuts to the arts. She relates that each year NY finishes in the top five states in the U.S. for revenue generated through travel and tourism. She mentions how the top two travel destinations outside of New York City are Niagara Falls and Corning and its Museum of Glass. She discusses the vast number of arts and cultural organizations that reside in the region, and how people spend money that provides a boost to the local economy. Thus, there is a concern about the true impact of cutbacks in the arts sector.