TITLE

"EATING YOUR SEED CORN": A NOTE ON NEW YORK STATE'S FISCAL POLICY FROM LIEUTENANT GOVERNOR RAVITCH

AUTHOR(S)
Ravitch, Richard
PUB. DATE
May 2010
SOURCE
Albany Law Review;2010, Vol. 73 Issue 2, p367
SOURCE TYPE
Academic Journal
DOC. TYPE
Essay
ABSTRACT
An essay is presented on public finance and financial crisis in New York. The author cites that New York has been spending most of its state budget since 2000, which is expected to cause 8 to 9 billion U.S. dollars of budget deficit in 2010-2011 and 12 to 13 billion U.S. dollars by 2012. He suggests a multi-year fiscal strategy and an adaptable plan for adjustments and rebalancing to cut off the state budget deficit, handle investments and increase savings for New York.
ACCESSION #
54020819

 

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