2002 Yellow Book |
Backward Forward Cover Overview Table of Contents |
HUDSON RIVER PARK TRUST |
Adjusted Executive Appropriation Request Percent 2001-02 2002-03 Change Change AGENCY SUMMARY Capital 0 30,000,000 30,000,000 -- Total for AGENCY SUMMARY: 0 30,000,000 30,000,000 -- CAPITAL PROJECTS Capital 0 30,000,000 30,000,000 -- Total for CAPITAL PROJECTS: 0 30,000,000 30,000,000 -- Regional Development Capital 0 30,000,000 30,000,000 -- Total for Program: 0 30,000,000 30,000,000 -- Budget Highlights (Executive Budget: pp. 133-134) The Hudson River Park Trust is a public benefit corporation created by Chapter 592 of the Laws of 1998. The Trust was established to design, develop and maintain the 550 acre, five-mile long Hudson River Park along Manhattan's West Side from Battery Park to 59th Street. The Trust is governed by a 13 member board. The Hudson River Park Trust is included in the Health, Mental Hygiene and Environmental Conservation appropriation bill. Capital Projects The Executive proposes $45,000,000 in new appropriations for the Hudson River Park Trust in State Fiscal Year 2002-03 including a $15,000,000 Environmental Protection Fund (EPF) appropriation contained in the Department of Environmental Conservation's (DEC) budget for the State's share of the costs of the Hudson River Park project and a $30,000,000 State-funded advance appropriation from the Capital Projects Fund for New York City's share of the costs of the Hudson River Park project. New York City will repay the State an amount equal to disbursements made from this advance appropriation. The Executive also recommends $15 million for costs associated with the State's share of the development of the Hudson River Park through the $125 million State Fiscal Year (SFY) 2001-02 recommended deficiency appropriation for the EPF. This deficiency appropriation request is contained in DEC's budget. In addition, the Executive proposes a reappropriation of $52,000,000 for an advance by the State for the New York City costs of the project. |
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