Truth in Budgeting, ASAP
New York City is at an inflection point, like during the 1970s fiscal crisis, after 9/11 and even during the crack cocaine epidemic. Despite some bright spots — total employment has returned to prepandemic levels, some recent crime increases have abated, and tourists have returned — negative signs cast a shadow over the city’s prospects. The Citizen Budget Commission’s Straight From New Yorkers resident feedback survey shows that New Yorkers’ assessment of the city’s quality of life, public services and public safety is not positive. In 2023, only 30% rated quality of life as good or excellent and just 37% rated public safety in their neighborhood as good or excellent, both declining from a 50% positive rating in 2017. Even grading on a postpandemic curve, these numbers do not bode well for New York. History teaches us to be optimistic. Time and again, New York rises and thrives because its advantages — dynamism, density and magnetic ability to attract people and talent — align with th
Five ways to modernize New York City’s fiscal and operational management New York City is at an inflection point, like during the 1970s fiscal crisis, after 9/11 and even during the crack cocaine epidemic. Despite some bright spots — total employment has returned to prepandemic levels, some recent crime increases have abated, and tourists have returned — negative signs cast a shadow over the city's prospects. The Citizen Budget Commission's Straight From New Yorkers resident feedback survey shows that New Yorkers' assessment of the city's quality of life, public services and public safety is n
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