Richard Ravitch discusses the fiscal problems facing local governments
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The Nelson A. Rockefeller Institute of Government held two public policy forums called "The Municipal Fiscal Crisis: What It Is and What We Can Do To Combat It."  One of the featured speakers was former Lieutenant Governor Richard Ravitch, who knows a thing or two about tackling fiscal problems from his days working in New York City during the 1970's financial crisis there.

Watch our complete interview with Ravitch above.