Get NY Prequalification Application for City Council Discretionary Awards 2010-2023

Discretionary funding is a monetary award given by the New York City Council to meet local needs and fill gaps in City Agency services. There are several categories of discretionary funding used by the City Council, each serving different purposes.

Discretionary costs (avoidable costs) are costs or capital expenditures that can be curtailed or even eliminated in the short term without having an immediate impact on the short-term profitability of a business. Examples of discretionary costs include advertising, maintenance, training, R&D, etc.

Meaning of discretionary fund in English an amount of money that is available to spend on things that are not considered necessary but that may be useful: Governors of some states are given discretionary funds to spend on small-scale projects.

In personal finance, discretionary spending is money used for wants as opposed to basic needs.

Nondefense discretionary spending funds an array of federal activities in areas such as education, transportation, income security, veterans' health care, and homeland security.

The $107 billion budget reflects the Council's priorities to restore investments in essential City services, health and safety, education, and quality of life.

Key Takeaways Discretionary income is money left over after a person pays their taxes and essential goods and services like housing and food. Nonessential items like vacations and luxury goods are usually paid for with funds from discretionary income.

Types of Discretionary Expenses Vacations and travel expenses. Automobiles. Alcohol and tobacco. Restaurants and other entertainment-related expenses. Coffee and specialty beverages. Hobby and sports-related expenses, such as crafting, sewing, and gym memberships.