Streams

Buying the City Budget

Thursday, June 12, 2014

Mayor Bill de Blasio presents the 2015 city budget at City Hall on May 8, 2014 in New York City. (Seth Wenig/Getty)

The city got good news from the bond rating agencies on the mayor's first budget. Maria Doulis, director of city studies for the Citizens Budget Commission, and WNYC reporter Jessica Gould talk about the budget and the ongoing negotiations with the remaining public worker unions, the City Council and Albany lawmakers. 

Guests:

Maria Doulis and Jessica Gould

Comments [4]

chris from Manhattan

How do you NOT know what the city interest rate is...Maria Doulis, director of city studies for the Citizens Budget Commission, and WNYC reporter Jessica Gould??

Jun. 12 2014 10:39 AM
Danielle from Tribeca

Kind of embarrassing the lack of info these guests have. And ditto the other comments here.

Jun. 12 2014 10:37 AM
Caesar Romaine from Manhattan

Brian, you really ought to get someone who is an actual expert in the municipal bond market to provide unbiased, professional bond market commentary, not just a reporter and a deBlasio insider; the city is full of them. Investors are looking at cash flows, tax revenue projections, investor appetite and most importantly "relative value" - that is, where else could they put their money. Buying NYC bonds are not an endorsement of komrad deBlasio's agenda - they are a reflection of a broader investment market environment. By the way... no point in asking your listeners if they bought bonds at the auction yesterday. Bonds are not for sale directly to the public... you have to go through a broker. A qualified guest, researcher or other professional would have informed you of that fact.

Jun. 12 2014 10:27 AM
Ben from Manhattan

This is not the type of real coverage I expect from this program. The sale was more a reflection of the search for yield, any yield as long as it is considered somewhat safe by large institutional funds. Look at Spanish and even Greek bonds right now, they are also "fine". When you have close to 0 or even negative rates it makes almost anything look rosy. This is a result of hot printed money looking for a home. Period.

Jun. 12 2014 10:24 AM

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