Comptroller John Liu didn’t let the fundraising scandal that has dampened his mayoral ambitions stop him from outlining a sweeping vision for the economic future of the five boroughs in a State of the City address today at City College. After giving a “shout out” to Knicks sensation Jeremy Lin, Mr. Liu explained why the city economy is in a precarious position and unveiled his plans to improve New York’s financial outlook.

“Today, more than 250,000 new yorkers languish in unemployment. That is more than twice the number of unemployed this city had a few years ago,” Mr. Liu said in a prepared version of his speech that was distributed at the event. “Is it any wonder that people occupy parks clamoring for a better economic plan, when they are left jobless year after year?”

Mr. Liu’s proposals included plans to cut waste, reform the city pension fund, implement a progressive personal implement tax and draw educational institutions to New York. Read More