City Hall to Float Nonprofits More Money Upfront to Address Payment Delays

City Hall to Float Nonprofits More Money Upfront to Address Payment Delays

Nonprofit organizations working under city contracts will soon be able to receive up to half of their payments upfront, Mayor Eric Adams announced Tuesday — but service providers say it’s just one of many reforms needed to fix a notoriously problematic billing system.Adams said the move to give higher advance payments, estimated to be more than $5 billion, for the next fiscal year was “unprecedented.”“This is about trust, respect, and making sur…