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? What are the implications and opportunities for financial management, fiscal policy and budget transparency?

With an introduction by: Fred P. Hochberg, Dean, Milano The New School for Management and Urban Policy, and Member, New York State Financial Control Board

Speakers: John Banks, Vice President of Government Relations, Con Edison, and former New York City Council Chief of Staff Dall Forsythe, Professor of Practice, NYU Wagner, and former Budget Director, State of New York Robert Kurtter, Managing Director, Moody’s Investors Service Carol O’Cleireacain, Non-resident Senior Fellow, The Brookings Institution; Adjunct Professor, Milano; and former Finance Commissioner and Budget Director, City of New York

Moderator: Joyce Purnick, veteran political columnist and reporter, The New York Times

Supported by the Milano Foundation.