From NY Times:

"Mayor Michael R. Bloomberg’s budget director mounted a blistering attack on Gov. Eliot Spitzer’s proposed state budget yesterday, asserting that it would create an $862 million shortfall in the New York City budget for the fiscal year that starts on July 1."

So is Mark Page (budget director for the city) right? Has the governor gone to far in cuts to the city for the benefit of upstate. While I am not the biggest fan of the mayor, I do respect Mr. Page and believe he is telling the truth in this situation and being very cautious about the spitzer plan.

In a prior post, I showed how far New York City lagged beyond the rest of New York State in public school spending in FY 2005, with a conservative cost of living adjustment applied to Downstate expenditures. Using data from the U.S. Census Bureau for Fiscal Years (FY) 1997 and 2004, however, we find that inflation-adjusted per-student current expenditures for the city’s schools increased 46.7% from the former year to the latter. And whereas the city’s per child current spending was 2.3% below the national average in FY1997, it was 19.2% above average in FY2004. The spreadsheet is attached, and I'd rather have you download that than read the rest of this post. Once you have, to compare your explanations to mine, my overview of the breakdown by type of spending follows.