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. What will the city do to close budget gaps predicted for the coming years?

Speakers: Fatima Goldman, Executive Director, Federation of Protestant Welfare Agencies Robert Kurtter, Senior Vice President, Moody's Investors Service Ronnie Lowenstein, Director, NYC Independent Budget Office Randi Weingarten, President, United Federation of Teachers Kathryn Wylde, President and CEO, New York City Partnership

Moderator: David Seifman, City Hall Bureau Chief, New York Post

Supported by the Milano Foundation.

Government & CommunitiesAbigail Kramerausterity, budget, budget gaps, business, city government, economy, financial sector, fiscal control, fiscal crisis, fiscal policy, labor, nonprofit, policies, politics, public policy, revenues, spending, surplus, tax cutsComment