Honorable Richard Ravitch

States’ Long-Term Budget Gaps: Are There Any Solutions?

Nov. 30, 2009

New York State leaders and national experts on state finances explored fiscal problems facing the states and examined potential solutions at the Institute’s first national conference on states’ long-term budget gaps. New York Governor David Paterson has asked Lieutenant Governor Ravitch to lead the state’s response to the current fiscal crisis and to develop a multiyear, structurally balanced financial plan. The lieutenant governor focused his remarks on the current and long-term challenges for New York.

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