A Static State: The Budget Crisis and Albany in Transition

There will be a new governor next year, but is Albany likely to change? New York State’s turbulent politics and bleak fiscal situation have made this year’s budget among the more difficult in recent history. Lieutenant Governor Ravitch attempted to mobilize long-term fiscal accountability, but the Paterson administration chose a different path to attempt fiscal control.

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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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