Preservation Programs were spared for now in the deficit reduction package for New York. Legislators did NOT go along with the Governor’s Proposal to cut the Preservation program in an effort to balance the New York State budget.
Anticipating that the program would be reduced as recommended, contract payments were actually cut. Now that the state budget stands through March 31, with only the six percent cut that the legislature did agree to in August, processing for payments due to preservation companies will begin this week for about $9,100
