Payments to STARC / NYC

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Budget Highlights

This local assistance appropriation is required pursuant to Section 3238-a of the Public Authorities Law and is related to the refinancing of prior New York City Municipal Assistance Corporation debt by the Sales Tax Asset Receivable Corporation (STARC), a local development corporation established by the City of New York.

The Executive Budget recommends $170 million for the Corporation. This is unchanged from the 2013-14 budget.

ALL FUNDS
APPROPRIATIONS
(dollars)
Category Available
2013-14
Appropriations
Recommended
2014-15
Change From
2013-14
Reappropriations
Recommended
2014-15
Aid To Localities 170,000,000 170,000,000 0 0
Total 170,000,000 170,000,000 0 0

Note: Most recent estimates as of 01/20/2014

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