"It incentivizes layoffs," said Doug Turetsky, chief of staff at the city's nonpartisan Independent Budget Office, which receives city financing but does not report to the mayor.
This month, the Independent Budget Office, which is financed by the city but does not report to the mayor, projected a $3.1 billion budget deficit in the fiscal year that begins on July 1.
That may be the problem confronting American Capital Strategies, an investment company that reports profits from loans to companies it controls but does not report the operating results of those companies to its investors.
That increase, $1.9 billion, did not come entirely from the overpayment of business taxes, but also from stronger than anticipated revenues from personal income and capital gains taxes, said Ronnie Lowenstein, director of the city's Independent Budget Office, which is financed by the administration but does not report to the mayor.
"The mayor has generally been a pragmatic, prudent fiscal manager, and non-ideological from the get-go," said Doug Turetsky, chief of staff at the city's nonpartisan Independent Budget Office, which receives city funding but does not report to the mayor.
The study describes the view available to the surgeon through the pubic midline incision but does not report any specifics on complications or limitations of the exposure.
