The federally inspired fiscal crisis
THE BANKRUPTCY FACING NEW YORK CITY STEMS ENORMOUSLY FROM INCREASED POWER OF THE PUBLIC SERVICE UNIONS, AS WELL AS INCREASED LEVERAGE OF THE LOWER CLASSES. FUNDS FOR EXPANDED PUBLIC SECTOR EMPLOYMENT WERE PARTLY OFFSET BY NEW TAXES, AMONG THE HIGHEST IN THE COUNTRY. THE NECESSARY ADDITIONAL FUNDS CA...
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| Veröffentlicht in: | Society (New Brunswick) 1976-05, Vol.13 (4), p.27-32 |
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| container_end_page | 32 |
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| container_issue | 4 |
| container_start_page | 27 |
| container_title | Society (New Brunswick) |
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| creator | Fainstein, Susan S. Fainstein, Norman I. |
| description | THE BANKRUPTCY FACING NEW YORK CITY STEMS ENORMOUSLY FROM INCREASED POWER OF THE PUBLIC SERVICE UNIONS, AS WELL AS INCREASED LEVERAGE OF THE LOWER CLASSES. FUNDS FOR EXPANDED PUBLIC SECTOR EMPLOYMENT WERE PARTLY OFFSET BY NEW TAXES, AMONG THE HIGHEST IN THE COUNTRY. THE NECESSARY ADDITIONAL FUNDS CAME FROM LARGE AMOUNTS OF SHORT-TERM NOTES, WHICH MORTGAGED THE CITY'S FUTURE SETTING UP THE CRISIS. |
| doi_str_mv | 10.1007/BF02734806 |
| format | Article |
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| fulltext | fulltext |
| identifier | ISSN: 0147-2011 |
| ispartof | Society (New Brunswick), 1976-05, Vol.13 (4), p.27-32 |
| issn | 0147-2011 1936-4725 |
| language | eng |
| recordid | cdi_proquest_miscellaneous_61164949 |
| source | Worldwide Political Science Abstracts; SpringerNature Journals; Periodicals Index Online |
| subjects | CITIES, TOWNS, VILLAGES ECONOMICS EMPLOYMENT FINANCIAL SERVICE, BANKS, INSURANCE SYSTEMS, SECURITIES, EXCHANGES LABOR UNIONS (BUT NOT GUILDS) LOCAL GOVERNMENT NEW YORK CITY PUBLIC ADMINISTRATION PUBLIC SERVICE TAXING, TAXATION URBAN PROBLEMS |
| title | The federally inspired fiscal crisis |
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