Fiscal monitors said the Mayor was right to not spend all of the $450 million.

Some other fiscal monitors said the city should become much more aggressive.

"We had seven fat years," said one state fiscal monitor.

Interviews with city officials and fiscal monitors provide some ideas.

As a result, a potential deficit of more than $700 million has opened up, according to the most recent estimates by the city's fiscal monitors.

If I did not fire them, the fiscal monitor would be announced.

Fiscal monitors disagree on whether he is saving enough now.

But fiscal monitors warn that the state may have to increase its contributions to the system in future years.

The fiscal monitors, had seized on the $5.2 billion deficit.

One prominent fiscal monitor said the contract was not a good deal for taxpayers.