Bloomberg Plan Authorizes $31.6B of GO, Water Debt

O'Brien, Elizabeth
February 2006
Bond Buyer;2/1/2006, Vol. 355 Issue 32310, p1
Trade Publication
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.


Related Articles

  • Property tax cap a double-edged sword in development efforts. Soule, Alexander // Westchester County Business Journal;10/13/2008, Vol. 47 Issue 41, p37 

    The article discusses the benefits of the proposed property tax cap in maintaining New York State's competitiveness against Connecticut and New Jersey. It highlights the move of New York City Mayor Michael R. Bloomberg to implement a property tax increase as a means to help the city close a...

  • This Deficit's Shrinking. McDonald, Michael // Bond Buyer;10/25/2004, Vol. 350 Issue 31996, p35 

    Reports on statement of New York City Mayor Michael Bloomberg regarding the city's projected deficit for fiscal 2006. Expectation of a decrease in deficit as a result of revenue growth and efforts to cut costs; Estimation of the value of the tax revenue of the city; Need for the approval of the...

  • Killing some cows in budget battle.  // Crain's New York Business;4/22/2002, Vol. 18 Issue 16, p8 

    Focuses on the plan of city mayor Michael Bloomberg to close the budget gap in New York City. Assessment of the tort system; Payment of liability claims; Cost of the recycling efforts.

  • Neutron Mike. Swanson, Carl // New York;12/2/2002, Vol. 35 Issue 42, p17 

    Reports on the budget plan developed by New York City Mayor Michael Bloomberg. Sectors opposing the budget plan; Reason behind the negative reactions of some camps to the budget plan.

  • Bloomberg's Budget. McDonald, Michael // Bond Buyer;1/12/2004, Vol. 347 Issue 31798, p31 

    Reports the release of New York City mayor Michael Bloomberg's proposed budget for fiscal 2005. Budget modifications; Preview of the mayor's fiscal plan.

  • Mayor Bloomberg: Tax Those Who Can Afford to Pay. Jones, David R. // New York Amsterdam News;12/5/2002, Vol. 93 Issue 49, p5 

    Reports that the Mayor of New York City, Michael R. Bloomberg, has increased the property tax by 25 percent in order to cover a budget gap of over a billion dollars in the fiscal year 2002. Implications of tax-increase to low-income families; Section of the population that should be exempted...

  • Bloomberg, the great vacillator.  // Crain's New York Business;3/1/2004, Vol. 20 Issue 9, p8 

    The New York City mayor Michael Bloomberg again is belittling the impact of the 18.5% property tax increase he pushed through last year. The mayor earlier proposed a one-time $400 rebate to owners of single-family homes, co-ops, condos and two-and three-family homes. While the economy was still...

  • N.Y.C. Council, Bloomberg Agree to Budget, Tax Rebate Plan. McDonald, Michael // Bond Buyer;6/23/2004, Vol. 348 Issue 31911, p3 

    Focuses on the agreement of New York City Mayor Michael Bloomberg to a package of spending restorations and enhancements in reaching a budget deal for fiscal 2005 with the City Council. Worth of the property tax rebate proposal; Value of the spending plan; Vote to request in a home rule message...

  • Getting elected a labor of love. Townsend, Alair // Crain's New York Business;2/24/2003, Vol. 19 Issue 8, p9 

    Presents the author's opinion about the budget plan of New York Mayor Michael Bloomberg. Percentage increase in real estate taxes; Inclusion of multi-million dollars in savings from productivity or benefit concessions from city workers.


Read the Article


Sign out of this library

Other Topics