Urban Policy in an Era of Fiscal Austerity - The 2012 Robert J. Milano Lecture

With the federal debt at $16 trillion, the fate of the nation's cities stands at a crossroads. While cities like New York appear to be doing better than ever, a rising tide of poverty and inequality threatens to undermine their progress. Meanwhile, a large group of second-tier cities, from Detroit and St. Louis to Stockton and San Bernardino, are besieged as never before.

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From Austerity to Surplus to...? Forecasting NYC's Fiscal Future

New York City went from a dire fiscal crisis in 2002 to an estimated surplus of almost $2 billion this year. After years of austerity, higher revenues may spark demands for tax cuts and new spending. As the mayor prepares his Fiscal 2007 budget proposal, we consider how political leaders, business, labor and the nonprofit sector will respond.

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