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Budget monitors said they had confidence that he would pick the right battles.
To many budget monitors, the city's fiscal trouble started long before the attacks.
Borrowing against the tobacco revenue would have little short-term effect on the operating budget, independent budget monitors say.
B6 New York City Spends More The Giuliani administration's emphasis on frugality has eased, according to budget monitors.
Independent budget monitors said that without that information, it was impossible to know whether the move would save money.
The mayor, his critics and other budget monitors calculate expenses in different ways, often with conflicting results.
Similar(30)
But in Westchester, there is "ongoing budget monitoring, both expenditures and revenues," said Robin Prunty, the Standard & Poors analyst who monitors Westchester.
"Too much of the hard work still lies ahead," cautioned Diana Fortuna, the president of the Citizens Budget Commission, a budget monitoring organization.
Glenn S. Pasanen, associate director of City Project, a nonprofit budget monitoring group, said, "We think it is a sham".
It has received government contracts worth more than $1 billion since 2002, with most coming under the Bureau of Diplomatic Security, according to the independent budget monitoring group OMB Watch.
And there are a few missing items, such as creation of a credible independent budget monitor along the lines of the Congressional Budget Office.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com