The Pros and Cons of Receivership

There is nothing in any union collective bargaining agreement that prevents me from addressing these issues. I'm not in favor of receivership for any jurisdiction, not just New York City's. We've seen a history receivership lasting 10 years. They cost the taxpayers of the local municipalities significant amounts of money. But it's my job to make sure that we can provide Judge Swain, who's the judge overseeing the consent judgment, the confidence that we have the ability to do this.