Initiated in June 2011 by Advisory Board Co-Chairs Richard Ravitch and Paul Volcker, the Task Force is focused on the enormous fiscal challenges confronting state and local governments. With extensive practical experience in state and local fiscal matters, they are examining specific threats to near and long term fiscal sustainability in six U.S. states: California, Illinois, New Jersey, New York, Texas, and Virginia. The Task Force has partnered with leading independent experts in each state, who have produced extensive reports on potential threats to fiscal sustainability in their state.
| Advisory Board | |
| Richard Ravitch (Co-Chair) |
Paul A. Volcker (Co-Chair) |
| Nicholas F. Brady | Joseph A. Califano, Jr. |
| Phillip L. Clay | David Crane |
| Peter Goldmark | Richard P. Nathan |
| Alice M. Rivlin | Marc V. Shaw |
| George P. Shultz | |
| Task Force | |
| Donald Boyd (Executive Director) |
G. Edward DeSeve |
| Suzanne Garment | Peter Kiernan |
| Donald Kummerfeld* | Carol O’Cleireacain |
| Lucy Dadayan | Lisa Montiel |
| Haley Rubinson | Nicole Wiktor |
| Patricia Fuchs | Jonathan Cavalieri |
| State Partners | |
| California | Illinois |
| New Jersey | New York |
| Texas | Virginia |
* With the deepest sadness and appreciation we dedicate this report to our friend and colleague, Donald Kummerfeld, who passed away on July 5, 2012.
