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Inflation and Recession Hit City Budgets Hard
City budgets in 1970s faced tax increases and staff cuts as inflation and recession reduce revenues. Former Bridgeport Mayor Panuzio recalls a $1.4 to $1.5 million shortfall forcing higher taxes and employee layoffs avoidance. Budgets for health and unemployment programs rose while city services faced strain amid rising bond costs and shifting assessments.
MENTIONED IN THIS ARTICLE
Formver
Nicholas Panuzio
General Services Administration
Panuzia
Johm Gunther
U.S
Sai
HK Park Authority
New York
tolWelriit
Iiving
New Jersay
Columuay Young
Atuilian
Nagierm
Bath Amerton
Mayarlstark
Kennel Gilson
Newark
Isel
Sane Gibson
Rime
Cormenterite
Noam
Ereiter Derminds
Robert Remetmer
Ja Evant
Mist
Fms
Heaton
Advise
Commission On Tiersa
Ft Leveianil
Buffsta
St. Louis
Icontrast
Dallas
Inpuracny Weveney
Wenlj Grajor
Dick Glauning
Henry Maier
Ghamian