This month, New York State Cultural Data Project orientation sessions are being offered in New York City and via webinar, featuring a CDP Reports Orientation for Nonprofit Leaders, including board members. Join us to learn how to put CDP to work for you!
To register, please click on the corresponding link below. If you plan to attend multiple trainings, please be sure to register for each below.
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New User Orientation
We recommend a New User Orientation if your organization is new to the CDP or if you need a refresher on data entry. This training session will provide an overview of the history and goals of the New York State CDP as well as an introduction to the types of data collected. During the session, we will walk participants through the process of entering data, applying to participating funders and generating reports.
New User Orientation, Brooklyn
Irondale Ensemble Project
September 20, 2011
10:00 am
Register
CDP Reports Orientation
If your organization has already submitted at least one Data Profile into the system, we encourage you to join us for a Reports Orientation to learn more about the 77 trend and comparison reports available to your organization, at no-cost! This training offers tips for integrating use of these reports in your financial management, planning and evaluation.
CDP Reports Orientation, Brooklyn
Irondale Ensemble Project
September 20, 2011
1:00 pm
Register
CDP Reports Orientation for Nonprofit Leaders
Is your board interested in analyzing financial trends? Is your executive director looking to set fundraising and marketing goals? CDP reports can help your organization's board and staff make operational decisions, build the case for support and facilitate long-term planning.
This reports orientation session is designed specifically for executive directors, board members, and other nonprofit leaders and will provide participants with an overview of the reports available through the CDP and how they can be used for key decision-making within your organization.
CDP Reports for Nonprofit Leaders, Manhattan
New York City Department of Cultural Affairs
September 21, 2011
10:00 am
Register
Join a CDP training session from your home or office ONLINE via webinar!
New User and CDP Reports Orientation Sessions are offered monthly to all CDP users. You can participate in a WEB-BASED Training Session from your office or home computer. A CDP associate will conduct the training session, during which you will be able to ask questions and learn more about the Cultural Data Project. New User Orientations take place on the first Wednesday and Reports Orientations are held on the third Thursday of every month.
New User Orientation
1st Wednesdays
10:00 am and 2:00pm
Register
CDP Reports Orientation
3rd Thursdays
10:00 am and 2:00 pm
Register
One day prior to the training session, you will be sent a link to connect to this training session online.
Questions? Visit http://www.nysculturaldata.org/ or contact the New York State CDP Help Desk at help@nysculturaldata.org or 1-888-NYSCDP-1 (1-888-697-2371).
Wednesday, September 7, 2011
Thursday, September 1, 2011
Meet the Candidates: The Race for Dutchess County Executive and the Value of Nonprofits Set of Oct 27th
SAVE THE DATE!
Dutchess County Executive Candidates Forum
Thursday, October 27, 2011
5:00 p.m.-7:00 p.m.
Locust Grove
REGISTER HERE
This is an opportunity to meet the candidates in the race for Dutchess County Executive and hear their perspectives on the value and impact of Nonprofits.
The Members of the Dutchess County Coalition of Nonprofits are pleased to sponsor the Dutchess County Executive Candidates Forum to continue important dialogue relative to strengthening Government and Nonprofit relationships. All Nonprofits (Board, Staff), County Residents and Public Officials are invited to hear how the candidates for Dutchess County Executive plan to address policy reforms and other measures that will strengthen the partnership between County Government and Nonprofit service providers in recognition that this partnership is integral for the delivery of services to the citizens of Dutchess County who require assistance in their lives.
Special thanks to the League of Women Voters of the Mid-Hudson Region for moderating this forum.
The Dutchess County Coalition of Nonprofits purpose in hosting this non-partisan forum is to provide an opportunity to educate the local community on the Candidates for Dutchess County Executive respective opinions and positions on various issues relevant to the local nonprofit community. The Members of the Coalition do not endorse nor oppose any specific candidate running for this office. The forum is strictly for educational purposes only.
____________________________________________________________________________________
About the Candidates for Dutchess County Executive:
Dan French grew up in a working-class family from the Bronx and was 7 years old when his family settled here in Dutchess County. French graduated from Arlington High School in 1999. Dan French and his sister were the first members of his family to attend college; he graduated from Binghamton University in 2003. After the attacks on our country on 9/11 became interested in public service and began a renewed interest in political science courses. He was elected to his first term as Beekman Town Councilman in November 2004, at the age of 23. After 5 years as the only Democrat on the Beekman Town Board, he decided to run for Town Supervisor. French was elected by a majority and is now proudly serving his town as their chief executive.
Marcus J. Molinaro (born 1975), originally from Yonkers, New York, represents District 103 in the New York State Assembly. He is a Republican. In 1994, when he was just 18, Molinaro was elected to the Tivoli Village Board of Trustees—making him the youngest person ever elected to office in the State of New York. The very next year, he became the youngest mayor in the United States. He was re-elected mayor five times and elected four times to the Dutchess County Legislature. A graduate of Dutchess Community College, Molinaro is an active member of the Tivoli Fire Department and Rescue Squad. He resides in Red Hook with his wife Christy L. Cocker, a registered nurse in the OR at Northern Dutchess Hospital. He has one daughter, Abigail Faith and a son, Jack Henry.
Dutchess County Executive Candidates Forum
Thursday, October 27, 2011
5:00 p.m.-7:00 p.m.
Locust Grove
REGISTER HERE
This is an opportunity to meet the candidates in the race for Dutchess County Executive and hear their perspectives on the value and impact of Nonprofits.
The Members of the Dutchess County Coalition of Nonprofits are pleased to sponsor the Dutchess County Executive Candidates Forum to continue important dialogue relative to strengthening Government and Nonprofit relationships. All Nonprofits (Board, Staff), County Residents and Public Officials are invited to hear how the candidates for Dutchess County Executive plan to address policy reforms and other measures that will strengthen the partnership between County Government and Nonprofit service providers in recognition that this partnership is integral for the delivery of services to the citizens of Dutchess County who require assistance in their lives.
Special thanks to the League of Women Voters of the Mid-Hudson Region for moderating this forum.
The Dutchess County Coalition of Nonprofits purpose in hosting this non-partisan forum is to provide an opportunity to educate the local community on the Candidates for Dutchess County Executive respective opinions and positions on various issues relevant to the local nonprofit community. The Members of the Coalition do not endorse nor oppose any specific candidate running for this office. The forum is strictly for educational purposes only.
____________________________________________________________________________________
About the Candidates for Dutchess County Executive:
Dan French grew up in a working-class family from the Bronx and was 7 years old when his family settled here in Dutchess County. French graduated from Arlington High School in 1999. Dan French and his sister were the first members of his family to attend college; he graduated from Binghamton University in 2003. After the attacks on our country on 9/11 became interested in public service and began a renewed interest in political science courses. He was elected to his first term as Beekman Town Councilman in November 2004, at the age of 23. After 5 years as the only Democrat on the Beekman Town Board, he decided to run for Town Supervisor. French was elected by a majority and is now proudly serving his town as their chief executive.
Marcus J. Molinaro (born 1975), originally from Yonkers, New York, represents District 103 in the New York State Assembly. He is a Republican. In 1994, when he was just 18, Molinaro was elected to the Tivoli Village Board of Trustees—making him the youngest person ever elected to office in the State of New York. The very next year, he became the youngest mayor in the United States. He was re-elected mayor five times and elected four times to the Dutchess County Legislature. A graduate of Dutchess Community College, Molinaro is an active member of the Tivoli Fire Department and Rescue Squad. He resides in Red Hook with his wife Christy L. Cocker, a registered nurse in the OR at Northern Dutchess Hospital. He has one daughter, Abigail Faith and a son, Jack Henry.
Tuesday, August 9, 2011
Tell Governor Cuomo About Your Nonprofit!
Let's Tell Them About The Good Work Of Nonprofits
Submit Your Testimonial to NYCON & the Governor Today!
Submit Your Testimonial to NYCON & the Governor Today!
On August 3rd the Governor announced the formation of a task force charged with investigating executive compensation at nonprofit agencies (full announcement from Gov. Cuomo below).
NYCON is in agreement with the Governor that activities like those recently exposed in the NY Times that were the impetus to the formation of this task force, can have significant detrimental effects on the relationship between nonprofits and the public.
However, we also know that these types of activities are not solely a "nonprofit issue" and, furthermore, that there are many more positive stories than negative ones occurring in nonprofits.
We want to make sure the Governor realizes this too.
We are asking you to help us remind Governor Cuomo that nonprofits employ hard-working New Yorkers who provide much needed services in communities across our state.
Let the administration know the services you provide are essential and are delivered in an ethical, honest and efficient manner that rivals any successful for-profit company. Let's remind them, and all taxpayers, that we're delivering services at costs far below our private sector counterparts, and take on contractual obligations from the State that they would never agree to, often times to our own detriment - because we exist for our mission, not profit.
Please submit your stories here.
NYCON is creating a web page dedicated to publishing your testimonials, and we encourage you to submit your stories which will be shared online and with the Governor's press office. You can also submit your comments directly to the press office at: press.office@exec.ny.gov.
Please feel free to contact our membership office if you have any questions or comments.
Thank you again for all you do and for your continued dedication to the nonprofit sector and your community.
Doug Sauer
CEO, New York Council of Nonprofits, Inc.
Sunday, August 7, 2011
Nonprofits agree to merger: really not that rare
Crain's NY Business reported about a recent nonprofit merger, calling it a rare occurence. This actually isn't the case as many nonprofits pursue mergers and collaborations, especially with increasing economic pressures.
The article reports that: In an unusual move for the nonprofit world, Creative Center: Arts in Healthcare will become a program of University Settlement.
The Creative Center: Arts in Healthcare, a small nonprofit that finds artists to work with seriously ill people, is merging with University Settlement, a New York social services agency.
Under the terms of the agreement, The Creative Center will disband as its own 501(c)3 and become a program of University Settlement. Its longtime executive director, Robin Glazer, will continue to run the program as a University Settlement employee.
Mergers are rare in the nonprofit world. Even agencies that run similar programs like to stay in control. Ms. Glazer said that University Settlement approached her about coming under its umbrella a couple of years ago in the height of the recession. Though The Creative Center—which has an operating budget of $350,000—wasn't in financial trouble, Ms. Glazer wanted more stability for her nonprofit. University Settlement has an operating budget of about $21.5 million.
“(We) came at this merger from a position of strength and collaboration, and recognized that even excellent small and scrappy nonprofits are at risk in the current environment,” she said. “We wanted to ensure that all our excellent work would continue.”
The Creative Center was founded in 1994, and serves around 20,000 people a year. Through a grant from Lance Armstrong's Livestrong Foundation, its programs are being replicated in 22 hospitals around the country. In its new home at University Settlement, Ms. Glazer expects the program to expand.
“We are thrilled to welcome this high-quality program into the University Settlement family, bringing additional skills, services and reach to our wide range of programs,” said Michael Zisser, CEO of University Settlement, in a statement.
The article reports that: In an unusual move for the nonprofit world, Creative Center: Arts in Healthcare will become a program of University Settlement.
The Creative Center: Arts in Healthcare, a small nonprofit that finds artists to work with seriously ill people, is merging with University Settlement, a New York social services agency.
Under the terms of the agreement, The Creative Center will disband as its own 501(c)3 and become a program of University Settlement. Its longtime executive director, Robin Glazer, will continue to run the program as a University Settlement employee.
Mergers are rare in the nonprofit world. Even agencies that run similar programs like to stay in control. Ms. Glazer said that University Settlement approached her about coming under its umbrella a couple of years ago in the height of the recession. Though The Creative Center—which has an operating budget of $350,000—wasn't in financial trouble, Ms. Glazer wanted more stability for her nonprofit. University Settlement has an operating budget of about $21.5 million.
“(We) came at this merger from a position of strength and collaboration, and recognized that even excellent small and scrappy nonprofits are at risk in the current environment,” she said. “We wanted to ensure that all our excellent work would continue.”
The Creative Center was founded in 1994, and serves around 20,000 people a year. Through a grant from Lance Armstrong's Livestrong Foundation, its programs are being replicated in 22 hospitals around the country. In its new home at University Settlement, Ms. Glazer expects the program to expand.
“We are thrilled to welcome this high-quality program into the University Settlement family, bringing additional skills, services and reach to our wide range of programs,” said Michael Zisser, CEO of University Settlement, in a statement.
Wednesday, August 3, 2011
Governor Orders Review of Executive Compensation at Nonprofits
From the Governor's Website
Albany, NY (August 3, 2011) Governor Andrew M. Cuomo today announced that he has created a new task force to investigate the executive and administrator compensation levels at not-for-profits that receive taxpayer support from the state. The task force will be led by the New York State Inspector General Ellen Biben, Secretary of State Cesar A. Perales, the Medicaid Inspector General Jim Cox, and the Superintendent of the Department of Financial Services Benjamin Lawsky.
"Not-for-profits that provide services to the poor and the needy have a special obligation to the taxpayers that support them. Executives at these not-for-profits should be using the taxpayer dollars they receive to help New Yorkers, not to line their own pockets. This task force will do a top-to-bottom review, not only to audit current compensation levels, but also to make recommendations for future rules to ensure taxpayer dollars are used to serve and support the people of this state, not pay for excessive salaries and compensation," Governor Cuomo said.
Governor Cuomo continued, "There is a whole range of compensation levels and extremes that have existed for too long and must be reviewed. The use of taxpayer dollars must be scrutinized at every level."
The Governor's task force will determine the protocol and scope of the investigation in order to target the audit to focus on ensuring that state taxpayer dollars meant to help and protect New Yorkers, particularly the poor and indigent, are going to that purpose and are not being diverted to compensation. It will also provide recommendations for State agency policies and procedures that will ensure that taxpayer dollars are not being diverted to excessive compensation.
Commissioners from the Department of Health, the Office of Mental Health, and OPWDD will also serve on the task force.
The Governor's action follows reports of startlingly excessive salaries and compensation packages for executives at not-for-profits that depended on state Medicaid funding through the Office of People With Developmental Disabilities (OPWDD) and other State agencies.
The State's Medicaid Inspector General has the authority necessary to exclude providers from participation in the Medicaid program if it is found that they have engaged in fraudulent or abusive practices.
There are currently no state rules governing executive and administrative compensation for not-for-profits that receive state support.
According to the Department of the Budget's January 2010 preliminary analysis of not-for-profit employees contracting with the mental hygiene agencies (Office of People With Developmental Disabilities, Office of Mental Health, and Office of Alcohol and Substance Abuse Services), there were approximately 1,926 employees with annual salaries greater than or equal to $100,000. The total value of their salaries was $324.6 million, with an average salary of $168,555.
NYCON Statement on Governor's
Review of Executive Compensation:
"NYCON supports IRS and state enforcement efforts to root out those relatively few and often large institutional nonprofits, especially in health care and higher education, where charitable resources are used for the private and personal gain of executives. Such abuses are a stain on the sector and the Governor is right, public trust is integral to the mission and work of our state's charities. The Internal Revenue Service already provides compensation guidelines as set forth in the federal tax code and we believe those guidelines should be upheld.
It needs to be emphasized, however, that these cases are very much the exception.
The vast majority of community-based nonprofit employees are doing hard and challenging work at compensation levels that are far below public employees and often the for-profit sector. It should also be noted that the phrase "taxpayer supported nonprofits" is misleading as the state government contracts to buy services from nonprofits, just as it contracts with the for-profit sector; except the nonprofit is often expected to unfairly perform at below the actual cost of doing business. Perhaps it is also time to order an extensive review of the executive compensation levels of "taxpayer supported for-profit businesses."
NYCON asks the Governor to take this opportunity to go beyond the immediate executive compensation issue and take a comprehensive look at how the state's overall regulatory and business relationship with the nonprofit sector can be improved in the interest of all concerned."
Doug Sauer, CEO, New York Council of Nonprofits, Inc.
http://www.nycon.org/
1-800-515-5012, ext 103
dsauer@nycon.org
Albany, NY (August 3, 2011) Governor Andrew M. Cuomo today announced that he has created a new task force to investigate the executive and administrator compensation levels at not-for-profits that receive taxpayer support from the state. The task force will be led by the New York State Inspector General Ellen Biben, Secretary of State Cesar A. Perales, the Medicaid Inspector General Jim Cox, and the Superintendent of the Department of Financial Services Benjamin Lawsky.
"Not-for-profits that provide services to the poor and the needy have a special obligation to the taxpayers that support them. Executives at these not-for-profits should be using the taxpayer dollars they receive to help New Yorkers, not to line their own pockets. This task force will do a top-to-bottom review, not only to audit current compensation levels, but also to make recommendations for future rules to ensure taxpayer dollars are used to serve and support the people of this state, not pay for excessive salaries and compensation," Governor Cuomo said.
Governor Cuomo continued, "There is a whole range of compensation levels and extremes that have existed for too long and must be reviewed. The use of taxpayer dollars must be scrutinized at every level."
The Governor's task force will determine the protocol and scope of the investigation in order to target the audit to focus on ensuring that state taxpayer dollars meant to help and protect New Yorkers, particularly the poor and indigent, are going to that purpose and are not being diverted to compensation. It will also provide recommendations for State agency policies and procedures that will ensure that taxpayer dollars are not being diverted to excessive compensation.
Commissioners from the Department of Health, the Office of Mental Health, and OPWDD will also serve on the task force.
The Governor's action follows reports of startlingly excessive salaries and compensation packages for executives at not-for-profits that depended on state Medicaid funding through the Office of People With Developmental Disabilities (OPWDD) and other State agencies.
The State's Medicaid Inspector General has the authority necessary to exclude providers from participation in the Medicaid program if it is found that they have engaged in fraudulent or abusive practices.
There are currently no state rules governing executive and administrative compensation for not-for-profits that receive state support.
According to the Department of the Budget's January 2010 preliminary analysis of not-for-profit employees contracting with the mental hygiene agencies (Office of People With Developmental Disabilities, Office of Mental Health, and Office of Alcohol and Substance Abuse Services), there were approximately 1,926 employees with annual salaries greater than or equal to $100,000. The total value of their salaries was $324.6 million, with an average salary of $168,555.
NYCON Statement on Governor's
Review of Executive Compensation:
"NYCON supports IRS and state enforcement efforts to root out those relatively few and often large institutional nonprofits, especially in health care and higher education, where charitable resources are used for the private and personal gain of executives. Such abuses are a stain on the sector and the Governor is right, public trust is integral to the mission and work of our state's charities. The Internal Revenue Service already provides compensation guidelines as set forth in the federal tax code and we believe those guidelines should be upheld.
It needs to be emphasized, however, that these cases are very much the exception.
The vast majority of community-based nonprofit employees are doing hard and challenging work at compensation levels that are far below public employees and often the for-profit sector. It should also be noted that the phrase "taxpayer supported nonprofits" is misleading as the state government contracts to buy services from nonprofits, just as it contracts with the for-profit sector; except the nonprofit is often expected to unfairly perform at below the actual cost of doing business. Perhaps it is also time to order an extensive review of the executive compensation levels of "taxpayer supported for-profit businesses."
NYCON asks the Governor to take this opportunity to go beyond the immediate executive compensation issue and take a comprehensive look at how the state's overall regulatory and business relationship with the nonprofit sector can be improved in the interest of all concerned."
Doug Sauer, CEO, New York Council of Nonprofits, Inc.
http://www.nycon.org/
1-800-515-5012, ext 103
dsauer@nycon.org
Thursday, July 21, 2011
Call for CPA Board Member Nominations for Annual Award
2011 Michael H. Urbach, CPA, Community Builders Award Now Accepting Nominations
Sponsored by the New York Council of Nonprofits (NYCON) and the New York State Society of Certified Public Accountants (NYSSCPA)
Submission Accepted through August 22nd, 2011
In recognition of the important role, talents and leadership that a Certified Public Accountant (CPA) in New York State can provide as a board member for community-based charities, NYCON and NYSSCPA are pleased to announce the 8th Annual Michael H. Urbach, CPA, Community Builders Award.
The award is named in honor of the late Michael H. Urbach, CPA, former partner of Urbach, Kahn and Werlin, former NYS Commissioner of Tax and Finance and Chair of the State Employees federated Appeal, and board leader of a number of charities.
Award Criteria & Submission
Candidates must:
Sponsored by the New York Council of Nonprofits (NYCON) and the New York State Society of Certified Public Accountants (NYSSCPA)
Submission Accepted through August 22nd, 2011
In recognition of the important role, talents and leadership that a Certified Public Accountant (CPA) in New York State can provide as a board member for community-based charities, NYCON and NYSSCPA are pleased to announce the 8th Annual Michael H. Urbach, CPA, Community Builders Award.
The award is named in honor of the late Michael H. Urbach, CPA, former partner of Urbach, Kahn and Werlin, former NYS Commissioner of Tax and Finance and Chair of the State Employees federated Appeal, and board leader of a number of charities.
Award Criteria & Submission
Candidates must:
- Be a CPA in good standing and a member of the New York State Society of Certified Public Accountants;
- Have served as an Officer on at least 3 different charitable 501(c)(3) community-based nonprofits with service as President/Chair at least once;
- Have demonstrated exemplary board leadership resulting in significant and positive organizational impact including, but not limited to, financial turn-around, growth, and/or organizational re-structuring; and
- Preference will be given to nominees whose board leadership accomplishments have been with community-based charities.
Deadline - August 22, 2011
Nominations addressing the candidate's qualifications must be received by August 22nd. Nominators are strongly encouraged to address the candidate's qualifications related to the four (4) criteria's mentioned above and to include at least three (3) letters of support from the charities who have benefited from the candidate's volunteer leadership.
Send seven (7) packets of nomination materials to:
Urbach Community Builders Award Committee
New York Council of Nonprofits
272 Broadway
Albany NY 12204
or email the packet to Melissa Currado, Executive Assistant to the CEO at mcurrado@nycon.org.
Announcement & Presentation
The 2011 award will be formally presented at the Annual Member Meeting of NYCON slated for the afternoon of October 6th at Mohonk Mountain House, New Paltz, New York.
The Luncheon will take place during CAMP FINANCE, a two-day retreat that provides the very best in knowledge, skill and strategy sessions for your staff and volunteer leaders.
In honor of the late Harold Mandel, a certified public accountant who worked for Urbach, Kahn & Werlin in Albany, NY and retired in West Palm Beach, FL, the 2011 Urbach Honoree has the privilege to award one (1) nonprofit executive of their choice a Camp Finance scholarship in Hal's name. In 2009, Mr. Mandel's family accepted a posthumous Michael H. Urbach, CPA Community Builders Award in his tribute.
Past Urbach Award Honorees
2010
Edward S. Mucenski, CPA of Potsdam
2009
Lewis "Lew" Kramer, CPA of Chappaqua
2008
Mel Zachter, CPA of Staten Island
2007
Eugene H. Fleishman, CPA of Poughkeepsie
2006
Craig Sickler, CPA from Kingston
2005
Paul Battaglia, CPA from Batavia
For More Information
visit NYCON at http://www.nycon.org/ or contact Melissa Currado at (800) 515-5012 or mcurrado@nycon.org
Wednesday, July 20, 2011
NYS employee fee to impact nonprofits
Read below about the recent news about a new fee per employee for employers related to NYS Unemployment Insurance borrowing. As a nonprofit, there is another alternative, which you can learn about from NYCON:
Find Out if the Unemployment Savings Program for NYCON Members through First Nonprofits Companies can Save You Money.
Why pay a tax if you don’t have to? Many NYCON Members have switched from paying the state unemployment tax rates to First Nonprofit Unemployment Savings Program saving up to 60% of their unemployment costs annually. Find out if you can too. Take NYCON's FREE upcoming Beneft Spotlight: Unemployment Savings Program on August 23rd from 10 am to 11am. REGISTER HERE
A Big Bill for Employers
The Albany Times Union reported that Gov. Andrew Cuomo on Tuesday rolled out a sweeping plan to help revitalize the state's economy, complete with an ad campaign and competitive grant program designed to spark innovation.
But businesses have a more immediate concern: The bill is coming due for New York's unemployment insurance.
Citing the need to borrow more than $3 billion from the federal government to prop up its chronically empty account, the state faces a whopping $95 million interest payment on loans for the fund due Sept. 30.
As a result, the state Department of Labor is assessing businesses up to $21.25 per employee to cover the cost. That payment is due Aug. 15.
Complaints about what businesses describe as a hidden tax were rolling in Tuesday after numerous employers received the notices and as Cuomo expounded on his plans for the economy.
"This is something that could -- depending on the number of employees -- be a pretty hefty cost in this economy," said Mike Durant, New York state director for the National Federation of Independent Businesses.
When asked about the surcharge during a news conference outlining his revitalization plans, Cuomo stressed that the bill for interest is ultimately coming from Washington, D.C.
"It's a federal decision whether or not they'll waive the interest payments. I hope that they do," he said, adding that his office was pushing the state's congressional delegation on the issue.
The hefty tab illustrates what can happen as the federal stimulus program, enacted shortly after the recession started in 2008, runs out.
The Department of Labor noted that the stimulus program provided no-interest loans to the states in 2009 and 2010, but not this year.
Read more: http://www.timesunion.com/local/article/A-big-bill-for-your-boss-1472786.php#ixzz1SetH4Zip
Find Out if the Unemployment Savings Program for NYCON Members through First Nonprofits Companies can Save You Money.
Why pay a tax if you don’t have to? Many NYCON Members have switched from paying the state unemployment tax rates to First Nonprofit Unemployment Savings Program saving up to 60% of their unemployment costs annually. Find out if you can too. Take NYCON's FREE upcoming Beneft Spotlight: Unemployment Savings Program on August 23rd from 10 am to 11am. REGISTER HERE
A Big Bill for Employers
The Albany Times Union reported that Gov. Andrew Cuomo on Tuesday rolled out a sweeping plan to help revitalize the state's economy, complete with an ad campaign and competitive grant program designed to spark innovation.
But businesses have a more immediate concern: The bill is coming due for New York's unemployment insurance.
Citing the need to borrow more than $3 billion from the federal government to prop up its chronically empty account, the state faces a whopping $95 million interest payment on loans for the fund due Sept. 30.
As a result, the state Department of Labor is assessing businesses up to $21.25 per employee to cover the cost. That payment is due Aug. 15.
Complaints about what businesses describe as a hidden tax were rolling in Tuesday after numerous employers received the notices and as Cuomo expounded on his plans for the economy.
"This is something that could -- depending on the number of employees -- be a pretty hefty cost in this economy," said Mike Durant, New York state director for the National Federation of Independent Businesses.
When asked about the surcharge during a news conference outlining his revitalization plans, Cuomo stressed that the bill for interest is ultimately coming from Washington, D.C.
"It's a federal decision whether or not they'll waive the interest payments. I hope that they do," he said, adding that his office was pushing the state's congressional delegation on the issue.
The hefty tab illustrates what can happen as the federal stimulus program, enacted shortly after the recession started in 2008, runs out.
The Department of Labor noted that the stimulus program provided no-interest loans to the states in 2009 and 2010, but not this year.
Read more: http://www.timesunion.com/local/article/A-big-bill-for-your-boss-1472786.php#ixzz1SetH4Zip
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