Attachment 1: 2008-09 Executive Budget Impact on NYC
Cfy 2008-09 Executive Budget Benefits/ (Cost)
| CFY 2008-09 Executive Budget Benefits/(Costs) |
Millions |
| Increase School Aid including $179 million for a new Academic Achievement Grant |
$539.0 |
| Additional School District Cost Share for Preschool Special Education |
($21.3) |
| New Revenue Actions including Internet Sales Tax Collection and Local Option to Increase Mortgage Recording Fees |
$50.0 |
| Restore 50 percent of AIM funding with full restoration in 2009-10 |
$143.9 |
| Eliminate VLT Impact Aid for NYC and other municipalities |
($20.0) |
| Increase Public Assistance Cost Share by 2 percent and require 100 percent local funding of youth detention |
($63.8) |
| Eliminate Early Intervention COLA |
$17.1 |
| Other Local Impacts (Includes Wicks Law savings, collateral source reforms and other offsetting impacts) |
$26.0 |
| Total 2008-09 Executive Budget Actions |
$670.9 |
| Continuing Medicaid Cap Savings |
$210.6 |
| Continuing FHP Takeover Savings |
$309.8 |
| Grand Total |
$1,191.3 |
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