New York Policy Would Allow Nonprofits to Bill City for More Indirect Costs

For nonprofits, this is a dream come true: The City of New York is planning to help pay indirect costs. Because the State and City of New York do not cover all costs of the nonprofits with whom they contract, those organizations start out each time with a deficit. If they borrow money in advance for government reimbursement later, after the work is done, they are operating at a greater loss with interest incurred. For-profit vendors do not have this crippling fiscal hole...
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