Adjusted Executive
Appropriation Request Percent
2000-01 2001-02 Change Change
AGENCY SUMMARY
Community Projects Fund 23,021,000 0 (23,021,000) -100.00%
General Fund 142,837,100 143,604,100 767,000 0.54%
Capital Projects Fund 65,000,000 100,000,000 35,000,000 53.85%
Total for
AGENCY SUMMARY: 230,858,100 243,604,100 12,746,000 5.52%
AID TO LOCALITIES
Community Projects Fund 23,021,000 0 (23,021,000) -100.00%
General Fund 142,837,100 143,604,100 767,000 0.54%
Total for
AID TO LOCALITIES: 165,858,100 143,604,100 (22,254,000) -13.42%
Economic Development
General Fund 142,833,000 143,600,000 767,000 0.54%
Total for Program: 142,833,000 143,600,000 767,000 0.54%
Community Projects
Community Projects Fund 23,021,000 0 (23,021,000) -100.00%
Total for Program: 23,021,000 0 (23,021,000) -100.00%
Payments to Municipalities
General Fund 4,100 4,100 0 0.00%
Total for Program: 4,100 4,100 0 0.00%
CAPITAL PROJECTS
Capital Projects Fund 65,000,000 100,000,000 35,000,000 53.85%
Total for
CAPITAL PROJECTS: 65,000,000 100,000,000 35,000,000 53.85%
Economic Development
Capital Projects Fund 65,000,000 100,000,000 35,000,000 53.85%
Total for Program: 65,000,000 100,000,000 35,000,000 53.85%
BUDGET HIGHLIGHTS
(Executive Budget: pp. 205-207)
The Urban Development Corporation (UDC) is currently doing business as the
Empire State Development Corporation (ESDC). The mission of the UDC is to
promote economic and real estate development by providing financial assistance
to local governments, businesses and not-for-profit corporations engaged in
economic development activities. In addition, the Corporation is engaged in
housing portfolio maintenance and provides State facility financing for the
construction and modernization of State correctional facilities, as well as
other special projects.
The Urban Development Corporation is included in the Transportation, Economic
Development and Environmental Conservation appropriation bill.
Aid to Localities
The Executive recommends a General Fund appropriation of $143,604,100, a net
increase of $767,000 over State Fiscal Year (SFY) 2000-01.
The Executive eliminates $11,000,000 in non-recurring funding for the following
programs:
--Biotechnology-Biomedical Initiatives $10,000,000
--Governor's Island Redevelopment $1,000,000
In addition, the Governor eliminates $29,833,000 in funding for the following
legislative initiatives:
--Griffiss Air Force Base $3,000,000
--Plattsburgh Air Force Base $2,500,000
--Seneca Army Depot $300,000
--Niagara Falls Air Force Base $200,000
--Central New York Smart Building Project $500,000
--St. John Fisher Science Center $500,000
--North Country Information Technology Development $250,000
--Saratoga Economic Development Corporation $1,000,000
--Town of Hempstead Downtown Revitalization Program $250,000
--Ulster County Development Corporation, $200,000
--Chemung County Gas Line Project $500,000
--Economic Development Initiatives $3,833,000
--Economic Development Initiatives $19,000,000
--American Axle-Tonawanda Forge $1,000,000
--Centers for Remanufacturing $1,000,000
--Community Development Financial Institutions $400,000
--Delphi-Rochester United Auto Workers $150,000
--Griffiss Air Force Base Redevelopment $900,000
--Watervliet Arsenal Revitalization $350,000
The Executive maintains prior year funding for the Empire State Economic
Development Fund and Jobs Now programs at appropriation levels of $37,000,000
and $42,000,000, respectively.
The Executive also recommends a $23,021,000 decrease through the elimination of
various economic development projects, community projects grants and local
initiatives.
The Governor proposes $36,500,000 for a new High Technology Development program.
This reflects the first year costs for a five-year program.
The Executive proposes $5,100,000 for redevelopment efforts in Niagara Falls.
Funding for the following programs are appropriated at the prior year levels:
--Urban and Community and Development $3,500,000
--Minority and Women Owned Business Development
and Lending program $3,500,000
--The Federal Empowerment Zone program $10,000,000
--The Air Force Base Redevelopment $6,000,000
Capital Projects
The Governor proposes $100,000,000 for a new high technology capital program.
No statutory language for this program is included in the proposed Executive budget.
Article VII Proposals
The Executive recommends language authorizing the Dormitory Authority (DA) to
provide $1,200,000 to support the operation of the Cornell Theory Center
supercomputer.
The Executive proposes to reduce the authorized Community Enhancement Facilities
Assistance Program (CEFAP) bonding by $81,000,000. The bill redirects
$60,000,000 in bonding authority from the CEFAP program to the Urban Development
Corporation to support the High Technology Program. In addition, the Executive
authorizes the use of $21,500,000 from the Debt Reduction Reserve Fund in lieu
of bonding authority to finance a portion of the CEFAP program.