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Conversations with leaders in the public, private, and non-profit sectors about working together to make NYC greater.

Balance of Payments: New York and the Federal Government

Laura Schultz, executive director of research at the SUNY Rockefeller Institute of Government, looks closely at how New York state dollars funnel towards the federal government, and how those funds come back to the state and city. For a long time, New York’s balance of payments have tilted toward a gap, meaning the state sends more to the federal government than it gets back. We’ll look at the ways this impacts services in New York, and how the state might recover from COVID-19 and the resulting budget shortfall. 


Dr. Laura Schultz is Executive Director of Research at the Rockefeller Institute of Government where she oversees the Institute’s wide research portfolio and conducts research evaluating the fiscal and economic impacts of federal, state, and local policies and emerging economic trends. Dr. Schultz’s research explores how state and local governments can support innovation and generate economic growth through investments in higher education, science and technology, entrepreneurship, and workforce. Dr. Schultz is working to develop new channels to communicate research findings to a broader audience through blog posts, interactive data visualization tools, and podcasts.




Cheryl Cohen Effron

Cheryl Cohen Effron spent most of her career as a New York-based real estate developer. Ms. Effron left full-time real estate work to dedicate her time to tri-sector (government, non-profit and corporate) solutions for urban issues. Ms. Effron is currently board chair of Greater NY, a non-profit she co-founded during the financial crisis in 2009 which pairs civic leaders in the business world with the heads of non-profit organizations in two-year one-on-one strategic partnerships.


Jamie Rubin

Jamie Rubin is a veteran of federal and state government and a longtime investment professional. He served in the Clinton Administration, then spent 15 years on Wall Street as an investment banker and partner with two global private equity firms. Jamie rejoined the public sector in 2012. Jamie is now CEO of Meridiam NA, a developer of large infrastructure projects in the US and Canada. Jamie is a graduate of Harvard College and Yale Law School. He and his wife, author and podcaster Gretchen Rubin, live in New York City with their daughters and a dog.