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AGENCY TESTIMONY
Introduction and overview of IBO's budget analysis
4:28:37
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42 sec
Louisa Chafee, Director of the Independent Budget Office (IBO), introduces herself and her colleagues to the NYC Council Committee on Finance. She provides a brief overview of IBO's recent analysis of the preliminary budget and economic forecast for New York City.
- IBO published its analysis of the preliminary budget and economic forecast last week
- The most significant concern is the risk that federal actions pose to New York City's financial health
- Particular emphasis on the impact on New Yorkers who rely on the city's safety net social services
Louisa Chafee
4:28:37
Good afternoon, chair Brennan, and members of the committee.
4:28:43
I'm Louisa Chaffee, Director of the Independent Budget Office.
4:28:46
I'm here with my colleagues, Sarah Parker and Sarita Subramanian, IBO's Senior Research and Strategy Officers.
4:28:54
We appreciate the opportunity to testify today.
4:28:57
Last week, IBO published its analysis of the preliminary budget and its economic forecast.
4:29:04
IBO's single most significant concern is the risk that the federal actions pose to New York City's financial health and in particular to New Yorkers who rely upon the city's provision of safety net social services.