The Consequence of Payment Delays
Never have so many organizations brought to the brink of financial calamity by delays in contract registration and payment by New York City and State. Outrageous delays that are seldom reported since the nonprofits fear that going public would only make things worse. (And who would they complain to anyway?) However, a new day may be dawning as the realization spreads that addressing shameful contracting practices is not just a matter of cash flow, but also a requirement of economic and racial justice as we argue in this article.