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New York Legislature Stages $2 Billion City Bailout
Albany reports the New York Legislature approved an emergency plan to curb New York City budget spending and provide about $2.3 billion in support through November. Gov. Carey signed the bill creating an Emergency Financial Control Board led by the governor to oversee city finances and prevent further deficits.
MENTIONED IN THIS ARTICLE
Albany
N.Y
New York City
Hugh L. Carey
Washington
Treasury
Wiliam E. Simon
Ford
Budg
Carey
New York
Abraham D. Beame
Arthur Levitt
Harrison J. Goldin
State Municipal Assistance Corp