New York State Financial Control Board
The New York State Financial Control Board was created in 1975 following a financial crisis and state bailout to oversee municipal spending.The board included both government officials and citizen representatives.The board was created pursuant to the New York State Financial Emergency Act of The City of New York, and was initially known as the Emergency Financial Control Board (EFCB).[1] While direct management of the city's budget ended in 1986, the board continues to monitor the city's financial health.You can help Wikipedia by expanding it.This article related to the politics of the United States is a stub.