The Citizens Budget Commission watchdog organization will honor U.S. Sen. Charles Schumer, D-N.Y., and public finance veteran Felix Rohatyn at its annual dinner Thursday at the Pierre Hotel in New York.
The dinner will begin at 7 p.m. Schumer, who will receive the CBC Medal for High Civic Service, will deliver the keynote address around 8:15.
Schumer, elected to the Senate in 1998 after 18 years as a congressman, became New York's senior senator in 2000 when Daniel Patrick Moynihan retired.
The commission will also present the inaugural Felix G. Rohatyn Award, to recognize legendary champions of New York and its sound fiscal management, to Rohatyn himself.
Rohatyn helped save New York City from bankruptcy in the 1970s. From 1975 to 1993, he was chairman of the Municipal Assistance Corp., a state-run oversight agency that guided the city out of his fiscal crisis.
Rohatyn was also a managing director of investment banking firm Lazard Frères & Co., and a former U.S. ambassador to France.
CBC, a nonpartisan, nonprofit civic organization, began in 1932.
