On Wednesday night Jim was awarded the Lewis Rudin Award for Civic Leadership, which is presented to exemplary New Yorkers who share Coro’s commitment to making the city a better place for all who live and work here. Also honored was Maryanne Gilmartin of Forest City Ratner, as well as Coro Alumni Amardeep Singh of the Sikh Coaltion.
Coro is a great institution which Capalino+Company is proud to support. Three of our team members have particpated in Coro Leadership New York, and our COO Travis Terry serves on its board.
David Tisch, Managing Partner at The BoxGroup and Co-Founder TechStars NYC discussed his experience in the tech industry in New York City, the opportunities for growth of the sector, and the future of tech and business here. Bob Dillon attended from Capalino+Company.
Three panels were presented, Public Safety, Real Estate/Land Use, and a Labor Panel discussed a number of key issues facing the city. George Fontas and Bob Dillon from Capalino+Company attended.
New York City’s budget is one of the largest government budgets in the United States, and the largest municipal budgets. The City’s budget is broken up primarily into smaller components—an expense budget and a capital budget.
The expense budget includes financing the day to day operations of City government. It totals more than $60 billion. It funds employee salaries and the day to day supplies necessary to run government such as fuel for garbage trucks, boards for City Planning presentations and the maintenance of the City’s website. Moreover, it pays for the City’s contracts. Contractors include not-for-profits that provide services such as Universal Pre-Kindergarten, counseling to those that are homeless, and assistance for at-risk youth. By law the expense budget must be paid with revenues and cannot be paid for through borrowing.
The capital budget pays for long term infrastructure projects. These include sewer projects, road improvements and marine transfer stations for garbage. Unlike the expense budget, the capital budget is financed primarily through borrowing. It totals almost $7 billion.
Not-for-profits can apply for City money to support their services through two ways. The first is by answering a Request for Proposals released by a City agency seeking specific services. It can also apply directly to City Council Members for discretionary expense funds proposing its own services. Discretionary funding can range anywhere from $3,500 to hundreds of thousands of dollars. Not-for-profits and cultural institutions can also apply for capital funds from City Council Members and the Borough Presidents for things such as building construction and repair.
The Mayor proposes an initial budget in late January/early February. After hearings in the City Council the Mayor proposes a modified budget in the spring. The Council then holds more hearings and negotiates with the Mayor to come up with a final budget that must be passed by June 31st.
This week the Ralph Gardner, Jr. wrote in the Wall Street Journal an excellent piece on Ed Koch and the recently released documentary “Koch.” Jim Capalino, CEO of Capalino+Company, worked closely with Koch throughout his career–first in his Congressional office, then as a Commissioner during his Mayoralty, and then finally as Koch’s campaign manager in 1985.
CityLand, a website and newsletter run by New York Law School that covers land use in New York City, released its top ten stories for 2012. The list contained two rezonings in which Capalino+Company played an important role: Chelsea Market and St. Vincent’s Hospital.
From Right: Melina Shannon-DiPietro of the Highline, George Fontas, Mark Thompson, Brooke Schafran and Travis Terry
On December 12th, Jim Capalino, CEO of Capalino+Company, helped organize an 88th birthday party for former Mayor Ed Koch. The event had over 200 people, many of whom were alumni of the Koch Administration. Also in attendance were Mayor Michael Bloomberg, former Senator Al D’Amato, Speaker Christine Quinn, Public Advocate Bill de Blasio, Manhattan Borough President Scott Stringer and Brooklyn District Attorney Charles Hynes.
Travis Terry, Chief Operating Officer of Capalino + Company, presents Friends of the QueensWay with Marc Matsil, Director of The Trust for Public Lands, during MAS short talk series.
On October 18 and 19 at Jazz at Lincoln Center’s Frederick P. Rose Hall, more than 1,100 innovative city shapers and thought leaders gathered as the Municipal Art Society presented the third annual MAS Summit for New York City. This forum of ideas surrounding planning, design and infrastructure; preservation and sustainability; arts and cultural development, and community engagement featured more than 90 speakers over the two days and highlighted trailblazing initiatives in New York and other cities across the globe.
To maintain its stature as one of the world’s great global cities, New York City must continue to cultivate opportunity and nurture innovation in all spheres. This year’s Summit themes—Development, Density and Diversity—explored the balancing act of users and uses and the challenge of building a globally competitive city that is socially, economically and environmentally resilient—and livable—for all New Yorkers.
Capalino+Company helped get the permits for the 7-Election 2012 bus in Times Square this fall.
Looks like people made the right prediction.