TITLE

Bloomberg Plan Authorizes $31.6B of GO, Water Debt

AUTHOR(S)
O'Brien, Elizabeth
PUB. DATE
February 2006
SOURCE
Bond Buyer;2/1/2006, Vol. 355 Issue 32310, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on New York City Mayor Michael R. Bloomberg's preliminary 52.2 billion dollar operating budget for fiscal 2007. He has updated a four-year capital plan that authorizes 31.6 billion dollar of general and Municipal Water Finance Authority bonds. Property taxes have surged beyond expectations but still faces a projected deficit of 3.5 billion dollars in 2008.
ACCESSION #
19752267

 

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