THE HUNT FOR MONEY

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FYI: The Budget for a Livable NYC Coalition continued its campaign yesterday to get the mayor to look at big business as a source of revenue for the city rather than cutting public service programs. The coalition suggests taxing corporations and insurance companies on a larger scale, especially raising the minimum General Corporation Tax to $1000 from $300, which has been the rate since 1966. The liberal budget watchdog City Project anchors the coalition, but is joined by about 85 human services organizations. The nearly 20-year-old City Project is feeling a budget crunch of its own. It’s one of a growing number of once-stable local nonprofits that has recently made public its tenuous finances–though at least one board member has said the group is definitely not in danger of closing down. [6/6/03]