10 Myths About Balancing New York City's Budget and 5 Ways to Lower the Cost of Government by $1 Billion per Year
Citizens Budget Commission, December,
Fortuna, D. & Brecher, C.
Sound budget policy requires a clear understanding of the nature of fiscal problems and creative thinking in the design of solutions. The recent public debate about how to close
New York City's unprecedented budget gap falls short on both counts. The Citizens Budget Commission - a nonprofit, nonpartisan civic organization - has prepared this document to clear up a series of common misunderstandings that hinder the debate and to focus attention on the potential for significant savings by delivering City services more efficiently. The first part of the document identifies ten "myths" about the budget and provides the facts that dispel them. The second part presents five ideas that together
would save the City more than $1 billion annually. The ideas are based on research conducted by the Commission's staff and presented in greater detail in separate reports published by the Commission.