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Discussion on $150 million state intercept for distressed hospital fund

2:36:26

·

91 sec

Council Member Narcisse raises concerns about the state intercepting $150 million of city tax revenue for a distressed hospital fund. Director Jiha explains OMB's efforts to advocate against this intercept and the challenges in accessing these funds for NYC hospitals.

State has been intercepting $150 million since 2020 for a distressed hospital fund
NYC hospitals and nursing homes have been unable to access these funds
OMB has been advocating against the intercept but has not been successful so far

Mercedes Narcisse

2:36:26

It's a problem.

2:36:27

Starting in 2020, the state started intercepting $150,000,000 of the city state tax revenue for a distressed hospital fund.

2:36:37

This intercept was intended to be temporary but has been repeatedly renewed at the state level.

2:36:46

What's worse is that cities continues have not been able to access these funds.

2:36:53

So now city funds are supposed to be used to support distressed hospitals and nursing home outside of the city, which really a state obligation, not a city one.

2:37:04

Has OMB advocated for the end of this intercept or has OMB worked to ensure that our New York City hospitals or nursing homes can actually access this funds?

Jacques Jiha

2:37:17

Yes, we've been advocating for the longest against the Intercept and unfortunately H and H has not been able to tap into it.

2:37:32

To some extent, some of the resources are spent in New York, but not on H and H, but other district hospitals in New York City.

2:37:39

But we've been pushing really hard against that intercept, and fortunately we have not been successful so far.

2:37:47

And again, we welcome your advocacy to work with us to see the extent that we against $150,000,000 taken from us.

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