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NEW YORK CITY—One of the biggest challenges is the city’s dependency on its $93 million budget, and “we’re not putting aside adequate reserves,” says Paul J. Massey, Jr. “So, when big things happen in the economy, another recession, I think the city is underprepared and we’ll all suffer for that.”

Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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