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New York City Faces Remaining Problems After Crisis
New York City must balance a budget by June 30 1978 entail $8.8 billion in cash or savings with many cuts and layoffs. About 40 000 of over 250 000 workers may be cut or retire. The city halted 46 construction projects and faces a complex bond swap and lawsuits while state aid and tax increases loom.
MENTIONED IN THIS ARTICLE
New York City
Congress
Ford
Pease Pee
Municipal Assistance Corp
House
Senate
New York State
New York
Hugh Carey
Carey
Harrisson J. Goldin
MAC