Fear City: What the 1970s NYC Fiscal Crisis Can Teach Us Tod

Free to GFOA Members. Nonmember $50 will be billed after participation. As local governments face massive revenue shortfalls and uncertain federal aid as a result of the Covid-19 pandemic, finance officers are faced with difficult decisions. The discussion will begin with how New York City's fiscal crisis occurred and what the City did to address it before diving into the similarities and differences with the present Covid-induced fiscal crisis. To fully understand the crises in New York City and now, one cannot focus solely on the technical elements of the budgeting process, but also the political dimension. Politics, hardly the favorite part of any finance officer's job, was one of the most important elements in New York City's case, and is proving to be so again today, at the local, state, and federal levels.

Once registered you will access this LMS Class at learn.gfoa.org
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