CBC Senior Research Associate Maria Doulis testifies before the City Council Finance Committee on the Executive Budget for fiscal year 2009. With a surplus projected in the current year and a budget balanced for fiscal year 2009, this is a critical opportunity to think about the long-term fiscal challenges facing the City.
CBC comments on Executive Budget for fiscal year 2009 released by Mayor Michael Bloomberg. The budget is based on a realistic assessment of the economic problem facing New York City and presents a sound strategy for dealing with it in the coming fiscal year.
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