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.
CBC report that presents a new approach for determining how much the State and City should borrow. The report includes criteria for deciding how much state and local debt is affordable and makes recommendations on how these criteria should be applied to decisions by the State and the City.
This is the summary if a report that analyzes the existing problems, presents criteria for deciding how much state and local debt is affordable, and recommends how those criteria should be applied to decisions by New York State and New York City.
CBC testimony that: 1) Discusses accountability and honesty in deciding on debt levels; 2) Suggests guidelines for creating an appropriate framework for assessing affordability; and 3) Warns about the affordability of current policies.
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