An Affordable Debt Policy for New York State and New York City
Citizens Budget Commission, October,
Richwerger, K. & Brecher, C.
Do New York State and New York City have too much debt? This report addresses the question by presenting criteria for deciding how much state and local debt is affordable, and recommending how those criteria should be applied to decisions by New York State and New York City. This report provides a measure that can be used by states and cities throughout the nation to judge the impact that their debt will have on their ability to compete with other jurisdictions effectively.