Solving the 2009 Budget Gap

The city’s Independent Budget Office has a report out today assessing the mayor’s budget.

The office, which crunches numbers without much care for politics, has a solution for getting rid of the budget gap that’s expected to spring up conveniently during the next mayoral election year:

"IBO’s budget gap projection of $1.7 billion in 2009, $144 million more than the Mayor’s estimate, is particularly manageable. If, for example, there were no tax cuts and the relatively small share of this year’s surplus expected to be shifted to 2010 was instead used earlier, the 2009 gap would be eliminated."

The rest of the report is here [pdf].