The Common Good held a conversation with Former Mayor of New York City, Honorable Ed Koch on reform of New York’s state government in Albany.
Mayor Ed Koch saved the City of New York from bankruptcy and in doing so restored the pride of New Yorkers. During his three terms as Mayor from 1978-1989, he restored fiscal stability to the City of New York, and he was responsible for placing the City on a GAAP (Generally Accepted Accounting Practices) balanced budget basis. He created a housing program which, over a ten-year period, provided more than 150,000 units of affordable housing financed by City funds in the amount of $5.1 billion. He created for the first time in New York City a merit judicial selection system and selected some of the most outstanding public servants to serve in his administration.