New York City Budget Plan Has Less Debt, More Spending

McDonnald, Michael
April 2004
Bond Buyer;4/27/2004, Vol. 348 Issue 31871, p3
Trade Publication
Reports on the budget unveiled by mayor Michael R. Bloomberg in New York City. Effect of growing expenses on budget deficits; Decision to trim new money bond sales planned for the coming fiscal years; Projection for increased expenses related to a labor agreement with the city's largest union and a deal with the Metropolitan Transportation Authority.


Related Articles

  • WEEK IN REVIEW.  // Crain's New York Business;11/17/2008, Vol. 24 Issue 46, p33 

    The article offers news briefs from New York. The government restructured its bailout effort for insurance giant American International Group Inc., increasing the firm's aid to $150 billion. A coalition of elected officials and voters filed a federal lawsuit over Mayor Michael Bloomberg's bid...

  • N.Y; MTA Eyes Another $200M To Deal With Cash-flow Issues. KASKE, MICHELLE // Bond Buyer;11/17/2009, Vol. 370 Issue 33218, p24 

    The article reports on the move by New York's Metropolitan Transportation Authority to add 200 million dollars to its bond sale and on the anticipation of 155 million less in revenue of New York. It notes that the additional 200 million dollars will be used to address the cash -flow issues. In...

  • Bloomberg Urges MTA Debt-Service Fund, Other Reforms. Phillips, Ted // Bond Buyer;08/04/2009, Vol. 369 Issue 33160, p3 

    The article reports that New York City Mayor Michael R. Bloomberg has urged the Metropolitan Transportation Authority (MTA) to create a separate fund for debt service and institute a rolling five-year capital plan. In a campaign event, Bloomberg requested MTA to reform completely its capital...

  • N.Y.C. Mayor Bloomberg Readies 'Doomsday' Budget. McDonald, Michael // Bond Buyer;4/15/2003, Vol. 344 Issue 31615, p1 

    This article focuses on the fiscal situation of New York City, New York. City Mayor Michael Bloomberg plans to unveil a $ 44 billion budget that threatens thousands of layoffs if the state government does not bow to pressure and help the city close a 2004 deficit projected to approach $4...

  • N.Y.C.'s Bloomberg Calls for Cuts, Rescinding Property Tax Breaks. Phillips, Ted // Bond Buyer;11/6/2008, Vol. 366 Issue 32998, p36 

    The article reports that New York City Mayor Michael Bloomberg said that the city needs to reduce its government workforce and operating expenses and rescind property tax breaks to deal with growing deficits caused by falling revenue. Bloomberg said that New York City faces a $4-billion budget...

  • N.Y. MTA Facing Big Deficit Without Even Bigger Refunding. McKaig, Ryan // Bond Buyer; 

    Reports on the capital budget deficit faced by the New York-based Metropolitan Transportation Authority (MTA). Need for approval of multibillion dollar refinancing plan; Outline of the refinancing plan.

  • Intelligencer. Vandam, Jeff // New York;1/4/2010, Vol. 43 Issue 1, p9 

    The article presents statistics on a variety of topics including the budget deficit of the Metropolitan Transport Authority (MTA) in the year 1954, 1976 and 1981.

  • New York MTA Off Moody's Watch List. PHILLIPS, TED // Bond Buyer;8/19/2009, Vol. 369 Issue 33169, p5 

    The article offers economic forecast for New York's Metropolitan Transportation Authority (MTA) in 2009. According to Moody's Investors Service Inc., MTA will not be on the watch list for a potential downgrade of its transportation revenue bonds and asserted the credit's A2 rating. Moody's...

  • MTA: $2.8B Budget Gap to Shrink When Savings Kick In. McKaig, Ryan // Bond Buyer;1/21/2003, Vol. 343 Issue 31556, p4 

    Reports on the enactment of cost-saving measures for resolving the budget deficits in the fiscal year 2003 by the Metropolitan Transportation Authority (MTA) in New York. Description of the budget policy of MTA; Drawbacks in the budget policy of MTA.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics