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 Kathy Kuhmerker, Vice President of the Lewin Group, Bill Carpenter, Chief Operating Officer of the Salient Corporation, and Raymond Meier, former State Senator and Oneida County Executive. This panel is moderated by Paul Howard, Director of the Manhattan Institute’s Center for Medical Progress. 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 two of a four part series.