Dawn Of A New Era: NYC Fiscal Policy after the Financial Emergency Act

On July 1, 2008, New York City emerged from 30 years of financial oversight by the state with the expiration of key provisions of the 1978 Financial Emergency Act. What does this pivotal event in the city’s fiscal history mean for the future of the nation’s fourth largest governmental budget? What requirements will sunset, and what procedures will remain in place?

Government & CommunitiesAbigail KramerNovember 8, 2007budget, budget transparency, economy, Financial Emergency Act, financial management, financial oversight, fiscal policy, governmental budget, politicsComment