With a budget shortfall of $12.5 billion projected for 2009-10, New York’s state government faces its most significant fiscal crisis in decades. However, this is not just another cyclical downturn. What’s left of Wall Street will be significantly leaner, less profitable, and more heavily regulated than the securities industry whose explosive growth fueled the expansion of state spending for much of the past 25 years. Join various panelists and speakers as they explore ideas for permanently bringing state and local government spending into line with new economic realities. Panelists include E.J. McMahon, Director of the Empire Center; Elizabeth Lynam, Deputy Research Director for the Citizens Budget Commission; Thomas Rogers, Executive Director for the NYS Council of School Superintendents; Joseph Stefko, Director of Public Finance for the Center for Governmental Research; and Thomas Sanzillo, Senior Associate of T.R. Rose & Associates. This panel is moderated by Erika Rosenberg, Senior Research Associate for the Center for Governmental Research. This was event was taped at the Albany Institute of History and Art. The slide shows accompanying the presentations can be found here. This Forum is part three of a four part series.
Posted: December 9th, 2008
Rightsizing New York’s Budget: Where the Bucks Are