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New York City Faces Wide Tax Hikes and Budget Battle
The article outlines rising income and real estate taxes for New York City residents amid state and federal aid debates. Gov. Carey warns pain ahead as city plans to rebalance by July 1 1978, with deficits and bond-market uncertainties. Ford praises bailout but cautions that aid does not erase looming fiscal challenges.
MENTIONED IN THIS ARTICLE
New York City
New York State
New York
Hugh Carey
Ford
Harrision J. Goldin
New City
Municipal Assistance Corp