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Politics : PRESIDENT GEORGE W. BUSH
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To: MKTBUZZ who started this subject11/17/2002 4:49:54 PM
From: Baldur Fjvlnisson   of 769670
 
November 14 Bloomberg: “New York Mayor Michael Bloomberg

said he would seek a 25 percent increase in the city’s property tax and reduce the workforce by 8,000 during the next 19 months to help close budget gaps.”

November 11 Associated Press: “Eighteen months ago, the city’s economic engine was chugging along so mightily that a record $3 billion surplus allowed City Hall to cut taxes, hire thousands of people and plan two new baseball stadiums costing $800 million each. Today, New York City is looking at its worst fiscal crisis since it went to the brink of bankruptcy in the 1970s. The city faces a projected $6 billion deficit next year, thousands of layoffs and big tax increases. The thought of new ballparks has become the most anachronistic of pipe dreams.”
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