With a defanged watchdog, NYC’s fiscal future is dicey

Faced with the biggest New York City fiscal crisis in nearly two generations, the state’s ­Financial Control Board has punted. The board decided last week that the city’s budget isn’t balanced but not quite imbalanced enough to qualify as an emergency. The inaction demonstrates a grim reality: In the ’70s, when the state created the...

from New York Post https://ift.tt/30EOsZw