Adjusted Executive Legislative
Approp. Request Approp.
2001-02 2002-03 2002-03 Change
General Fund 36,226,000 28,191,000 28,191,000 0
Special Rev. Fed. 1,000,000 1,000,000 1,000,000 0
Special Rev. Other 4,339,900 4,409,900 4,409,900 0
STATE OPERATIONS: 41,565,900 33,600,900 33,600,900 0
AID TO LOCALITIES
General Fund 10,274,000 10,274,000 10,274,000 0
Total for Agency: 10,274,000 10,274,000 10,274,000 0
Total Grants In Aid: 0 0 11,441,481 11,441,481
AID TO LOCALITIES: 10,274,000 10,274,000 21,715,481 11,441,481
The Legislature concurs with the Executive recommendation.
The Legislature concurs with the Executive recommendation to expand the
Excelsior Linked Deposit Program from $200,000,000 to $300,000,000. The
proposal increases the amount of State funds the State Comptroller is
authorized to invest in linked deposits to $250,000,000. In addition, the
Legislature provides the authorization for an additional $50,000,000 from
Public Authorities funds to be invested in the Excelsior Linked Deposit
Program, bringing the overall level of funds authorized for investment in
linked deposits under this Program to $350,000,000.
The Legislature concurs with the Executive's proposal to permit four new
Empire Zones that were authorized in October 2001 including, Franklin
County, the City of Mount Vernon in Westchester County, the Village of
Laurens in Otsego County and Schuyler County to be designated immediately.
The Legislature also authorizes the establishment of six new Empire Zones,
including four new traditional zones of up to two square miles and two new
smaller zones of up to one square mile. These new Zones will be designated
pursuant to the existing process.
The Legislature provides for programmatic reforms to the Empire Zone Program
in order to focus future development in distressed areas.
All newly designated Empire Zones (excluding the four that were authorized
in October 2001) will be required to include seventy five percent of the
zone acreage (900 acres) within three discrete areas of contiguous lands.
This approach ensures that there are core areas within the zone that are
designated or targeted for future development.
Up to twenty five percent of zone acreage (320 acres) may be located in
areas that are not contiguous to the core zone areas if, after a public
hearing, the following criteria are met:
-- the creation or retention of permanent, full-time jobs;
-- a significant investment of capital or human resources on the
part of the zone business; and
-- the accessibility of lands to public transportation, where feasible.
If the Empire Zone allocates all 320 acres of its non-contiguous lands,
an exception is allowed if the lands targeted will create 300 or more new
The future use of any undesignated lands within existing Empire Zones is
subject to the same 75 percent/25 percent contiguous/non-contiguous ratio
with the same criteria for the use of non-contiguous lands.
The Legislature provides funding for the following:
VARIOUS ECONOMIC, COMMUNITY DEVELOPMENT AND
ENVIRONMENTAL PROJECTS. $4,000,000
VARIOUS DEPARTMENT OF ECONOMIC DEVELOPMENT PROJECTS. $2,000,000
WESTERN NEW YORK REGIONAL BUSINESS MARKETING. $300,000
CULTURAL TOURISM GRANTS PROGRAM. $200,000
LOCAL TOURISM GRANTS PROGRAM. $200,000
NEW YORK SOFTWARE INDUSTRY ASSOCIATION. $175,000
GRIFFISS LOCAL DEVELOPMENT CORP. (GLDC). $150,000
METROPOLITAN DEVELOPMENT ASSOCIATION VISION 2010 (MDA). $95,000
WESTERN ERIE CANAL HERITAGE CORRIDOR. $50,000
HARLEM TOURISM COMMUNITY DEVELOPMENT INITIATIVE. $25,000
CULTURAL TOURISM:WNED BUFFALO MUSIC FESTIVAL 2002. $25,000
SULLIVAN COUNTY VISITOR ASSOCIATION. $25,000