2003 Yellow Book | |||||
Backward | Forward | Cover | Overview | Agency Summaries | Agency Details |
Department of Economic Development (Summary) View Details |
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Adjusted Appropriation 2002-03 |
Executive Request 2003-04 |
Change |
Percent Change |
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AGENCY SUMMARY | |||||
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General Fund | 49,906,481 | 30,572,000 | (19,334,481) | -38.7% | |
Special Revenue-Federal | 1,000,000 | 1,000,000 | 0 | 0.0% | |
Special Revenue-Other | 4,409,900 | 4,409,900 | 0 | 0.0% | |
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Total for AGENCY SUMMARY: | 55,316,381 | 35,981,900 | (19,334,481) | -35.0% |
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ALL FUNDS PERSONNEL BUDGETED FILL LEVELS |
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Fund |
Current 2002-03 |
Requested 2003-04 |
Change |
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General Fund: | 217 | 205 | (12) |
All Other Funds: | 14 | 14 | 0 |
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TOTAL: | 231 | 219 | (12) |
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Budget Highlights |
The mission of the Department of Economic Development (DED) is to formulate and promote economic development strategies for businesses. The Department in conjunction with the Urban Development Corporation, administers State economic development programs. The Department is included in the Transportation, Economic Development and Environmental Conservation appropriation bill. State Operations The Executive recommends a General Fund appropriation for State Fiscal Year (SFY) 2003-04 of $29,572,000, a net increase of $1,381,000 from SFY 2002-03 funding levels. The Executive recommends an appropriation of $11,177,000 for the Tourism Marketing Program, an increase of $3,477,000 from SFY 2002-03. This increase reflects the Governor's proposal to combine the "I Love New York" Tourism Marketing Program with the Local Tourism Matching Grant Program. Overall, this appropriation reflects a decrease of $2,300,000 in funding from SFY 2002-03 levels. The Executive proposes to reduce the Marketing and Advertising Program, the Administration Program and the Economic Development Program by $1,624,000 in SFY 2003-04, reflecting workforce and administration cost reductions. This includes a reduction in the Department's workforce by 26 full time equivalent (FTE) positions, including the elimination of 14 funded administrative vacancies during SFY 2002-03 and 12 FTE's through attrition in SFY 2003-04. The Executive recommends an appropriation for the International Trade Promotion Program of $1,000,000, reflecting a reduction of $472,000 from SFY 2002-03 funding levels. Aid to Localities The Executive recommends a General Fund appropriation of $1,000,000, a reduction of $20,715,481 from SFY 2002-03. This reduction reflects the elimination of funding for the local administration of the Empire Zone Program. This Program provides operating support to the local administrators of the Empire Zone Program and received $3,320,000 in the enacted SFY 2002-03 State Budget. In addition, the reduction reflects the consolidation of the Local Tourism Matching Grant Program. Funding for the following Programs are maintained at SFY 2002-03 levels:
The Executive also recommends the elimination of funding for the Adirondack North Country Association. The SFY 2002-03 enacted State budget included an appropriation of $177,000. The Adirondack North Country Association is a 14-county association in New York's North Country that is committed to economic improvement. The Executive recommends the elimination of funding for various Community Projects Fund grants. Funding for these projects totaled $11,441,481 in SFY 2002-03. |
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