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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