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 and other 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 2014-15 budget.

ALL FUNDS
APPROPRIATIONS
(dollars)
Category Available
2014-15		 Appropriations
Recommended
2015-16		 Change From
2014-15		 Reappropriations
Recommended
2015-16
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 01/21/2015

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