New York City's revenue forecasting should be handled by the comptroller's office rather than the mayor's office, Comptroller John Liu said last week.

"One thing that would streamline our city budgeting process would be to take the revenue projection away from either of the two negotiating parties dealing with how we want to spend that money," Liu said at a breakfast sponsored by Crain's New York Business. "Giving it to the comptroller's office makes sense."

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.