In testimony to the New York City Charter Revision Commission, CBC endorses the Commission’s proposals to incorporate in the City Charter many of the financial planning and related measures now in the Financial Emergency Act, including four-year financial plans with quarterly modifications, strict limits on short-term borrowing, requiring year-end GAAP balance, and establishing financial reporting requirements. CBC also suggests that the Commission improve upon the Financial Emergency Act by requiring off-budget debt service and IDA revenues to be included in the regular budget process, laying the groundwork for the creation of a rainy day fund, and protecting against future mayors limiting access to financial information.