N.Y.C. Says No Borrowing

McKaig, Ryan
December 2002
Bond Buyer;12/10/2002, Vol. 342 Issue 31529, p1
Trade Publication
Reports that New York City's mayor, comptroller and City Council speaker said that the city would not engage in further borrowing to close its multi-billion budget deficits. Consequences of heavy borrowing during the 1970s fiscal crisis on the city's taxpayers; Reason behind creation of the Municipal Assistance Corp.; Details of the fiscal spending plan formulated by mayor Michael Bloomberg.


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