Quill urges tax rise to fix transit budget gap
Michael J. Quill mails to the New York Transit Authority proposing modest real estate tax increases and partial federal support to cover its 440 million dollar yearly shortfall. He suggests a 4 day work week for 8000 salvage workers and a small fare relief plan, with no response from the authority yet.
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Associated Press
New York
Michael J. Quill
New York Transit Authority
Gil
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Quill
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Competition Can Help Savers As Well As Spenders
A New York feature notes competition among savings institutions boosts yields for savers and helps borrowers with lower mortgage rates. Experts warn five percent rates could attract excess mortgage demand, risking slower building if financing costs rise, while banks seek to raise funds through competition and regulatory shifts.
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