The New York City Independent Budget Office, aware that the city is facing shortfalls of $4.3 billion in 2010 and an additional $7 billion in 2011, has taken a long and hard look at all the city-funded programs, suggested cuts in many of them, and concisely summarized the reason FOR and AGAINST each of these rollbacks. Under the watchful eye of the IBO, no program is a sacred cow and all must make adjustments to the tightening vise of the new American economy.

Read the entire Independent Budget Office report: IBO