TITLE

N.Y. City Council's '04 Plan Seeks More for Schools, Housing

AUTHOR(S)
McDonald, Michael
PUB. DATE
April 2003
SOURCE
Bond Buyer;4/8/2003, Vol. 344 Issue 31610, p36
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
New York City, New York Council Speaker Gifford Miller has revealed the council's formal response to Mayor Michael Bloomberg's preliminary fiscal 2004 budget on April 7, 2003 that would among other things reallocate nearly 800 million dollars in capital spending to public schools and affordable housing. The budget differed only slightly from the 44 billion dollar spending plan Bloomberg proposed at the end of January 2003, with both calling for state and federal government to help close an operating deficit that was projected at 3.2 billion dollars and may have since grown closer to 4 billion dollars. In January, Bloomberg proposed reducing capital spending through fiscal 2006 by 4.7 billion dollars, to 24.8 billion dollars from 29.5 billion dollars, which would help preserve the city's credit rating, he said. Under the plan, the city would sell 22.8 billion dollars in general obligation debt.
ACCESSION #
9582510

 

Related Articles

  • The budget battle is not a game. Allen, Zita // New York Amsterdam News;6/19/2003, Vol. 94 Issue 25, p1 

    Cynics insist that New York City's budget battles are full of sound and fury, signifying nothing but deals made behind closed doors long before July 1, 2003, the legally mandated deadline. Others say the game is over, pointing to Mayor Michael Bloomberg's $90 million restoration and concluding...

  • INBOX. Fehrenbach, Pete // Waste News;7/4/2005, Vol. 11 Issue 5, p34 

    The article reports that New York City Council Speaker Gifford Miller withdrew his opposition after coming up a couple votes shy of the total he needed to override Mayor Michael Bloomberg's veto of the City Council's rejection of Bloomberg's plan to build four marine transfer stations to haul...

  • Miller says test scores don't tell the whole story. Tolden IV, Ernest // New York Amsterdam News;6/2/2005, Vol. 96 Issue 23, p3 

    This article reports that New York City Council Speaker and mayoral hopeful Gifford Miller held a press conference on Tuesday at City Hall challenging the legitimacy of the Department of Education's presentation of the fourth grade English language test scores, in response to the latest released...

  • 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.

  • Bloomberg: N.Y.C.'s Budget Gap Put at $4.5 Billion for Fiscal '03. McKaig, Ryan // Bond Buyer;2/11/2002, Vol. 339 Issue 31322, p3 

    Reports on the announcement made by Michael Bloomberg, mayor of New York City on the budget shortfall projections for the fiscal 2003. Budget deficit faced by the city; Fiscal deficit as predicted by the former mayor; Steps to be taken by the mayor to overcome deficits.

  • N.Y.C. Watchdog Sees Surplus, Warns of Budget Complacency. MCGEE, PATRICK // Bond Buyer;3/21/2011, Vol. 375 Issue 33485, p3 

    The article reports on the information which notes on New York City Mayor Michael Bloomberg's proposed budget for fiscal year 2012 which puts off key political issues that could boost cutbacks.

  • Learning Curve. Smith, Chris // New York;4/21/2003, Vol. 36 Issue 13, p20 

    Focuses on the problem faced by mayor Michael Bloomberg about the budget deficit in New York City. Obsession of the media and the public with the war in Iraq; Announcement of specific layoffs; Decision of the mayor to push through a property tax raise.

  • 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...

  • The Firing Line. Peterson, John E. // Governing;Jul2011, Vol. 24 Issue 10, p62 

    The article focuses on the issue of employee compensation which lead to job cutbacks for public workers in the U.S. It mentions the proposal of New York City Mayor Michael Bloomberg, face with a deficit in the city's 68-billion dollar budget to eliminate 4,000 workers. It says that public sector...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

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

Try another library?
Sign out of this library

Other Topics