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New York Seeks Budget Freeze Amid Revenue Crisis
New York City orders wage freezes for thousands of public workers and raises subway and bus fares as Mayor Abe Beame seeks to stave off fiscal disaster. Police and fire unions oppose the plan, while the Municipal Assistance Corp guides bond actions. Beame cuts university funding and consolidates agencies amid broad austerity.
MENTIONED IN THIS ARTICLE
New York
UPI
New York City
Abe Beame
Beame
Firemen's Union
Michael Maye
Ken McFeeley
Policemen’ Union
Bai
Victor Gothaum
Uniformed Workers’ Union
Municipal Assistance Corp
James A. Cavanagh
City University
Metropolitan Transportation Authority
Board of Higher Education
Gothaum