With a budget shortfall of $12.5 billion projected for 2009-10, New York's state government faces its most significant fiscal crisis in decades. However, this is not just another cyclical downturn. What's left of Wall Street will be significantly leaner, less profitable, and more heavily regulated than the securities industry whose explosive growth fueled the expansion of state spending for much of the past 25 years.
The Empire Center for New York State Policy and the Center for Governmental Research explored these issues at a Dec. 9 policy forum in Albany.
INTRODUCTION
Kent Gardner
President, Center for Governmental Research
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EARTHQUAKE ON WALL STREET
Kathy Wylde
President, Partnership for NYC
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PANEL: MEETING THE MEDICAID CHALLENGE
Moderator: Paul Howard
Director, Manhattan Institute's Center for Medical Progress
Panelist: Kathy Kuhmerker
Vice President, Lewin Group
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Panelist: William Carpenter
Chief Operating Officer, Salient Corp.
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Panelist: Raymond Meier
Former State Senator and Oneida County Executive
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Questions and Answers
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PANEL: WHERE THE BUCKS ARE
Moderator: Erika Rosenberg
Senior Research Associate, Center for Governmental Research
Panelist: E.J. McMahon
Director, Empire Center
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Panelist: Elizabeth Lynam
Deputy Research Director, Citizens Budget Commission
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Panelist: Thomas Rogers
Executive Director, NYS Council of School Superintendents
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Panelist: Joseph Stefko
Director, Public Finance, Center for Governmental Research
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Thomas Sanzillo
Senior Associate, T.R. Rose & Associates
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Questions and Answers
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KEYNOTE SPEAKER
Honorable Thomas P. DiNapoliNew York State Comptroller
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