Several Fiscal Challenges Could Slam N.Y. Next Fiscal Year, Official Warns

McDonald, Michael
November 2004
Bond Buyer;11/23/2004, Vol. 350 Issue 32016, p4
Trade Publication
Reports that the Campaign for Fiscal Equity, the Health Care Reform Act and the Metropolitan Transportation Authority are the three fiscal challenges that could exacerbate the political gridlock in New York. Increase in the difficulty of closing a budget deficit in fiscal 2006 and 2007; Reasons why the projected structural deficit for 2006 reach nearly $6 billion; Budget in additional state spending over the next four years for New York City public schools sought by the Campaign for Fiscal Equity.


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