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City Boosts Nonprofit Funding for Quicker Payments | New York City News
Mayor Zohran Mamdani and City Council Speaker Julie Menin have announced an expansion of a program to expedite funding for small nonprofits, allowing up to 800 organizations to receive grants of $25,000 or less within 30 days of signing agreements. This initiative aims to alleviate longstanding delays in payments, which previously took over a year, addressing a backlog where the city owes nonprofits over a billion dollars. While progress has been made, officials acknowledge that further
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