Posted inBudget

De Blasio Budget Filled With Short-Term Risks and Long-Term Dangers, Fiscal Watchdogs Say

New York City is depending on federal aid from Washington to protect Mayor Bill de Blasio’s precariously balanced pandemic-shaped budget from the many risks it contains  — including any shortfall in ambitious money-saving targets. Those are among the key findings of fiscal experts from the Independent Budget Office and the Citizens Budget Commission, who said […]

Posted inRestaurants

NYC Restaurants Struggle to Stay Open with Loans — and Time — Running Out

At The Nugget Spot on East 14th Street in Manhattan, business for all of June equaled one good Thursday before the pandemic. In Long Island City, Corazon de Mexico’s take is running about 15% of what it once was, despite promotions to boost business. Havana Central’s takeout and delivery business at its Times Square restaurant […]

Posted inState Budget

Cuomo Plays Waiting Game on Federal Aid as Small Funding Cuts Threaten to Turn Huge

Last week, Ralph Fasano got the news every nonprofit that relies on state aid fears.  The state Office of Mental Health told Fasano, the executive director of Concern for Independent Living, that he needed to be prepared to return some of the funding he had just received to pay for the housing and services his […]

Posted inDevelopment

De Blasio Starts Remote Land Use Review to Thaw Frozen Development Process

Facing growing pressure from the real estate industry, Mayor Bill de Blasio announced Wednesday that he would restart the city’s land use process in August and intensify the work in September. The city is launching a new portal called NYC Engage to foster public participation and for community boards to use as they review proposals […]

Posted inEmployment

New York Jobless Face New Woes With End of $600 Pandemic Unemployment Assistance

Despite being laid off, Justin and Terina Sciarrotta have been able to pay the bills. Justin, a union stagehand at a studio producing big shows for a television network, and Terina, a personal trainer at a gym, have been collecting unemployment — plus each gets a $600 per week special pandemic assistance benefit.  But the […]