New York City faces fiscal collapse amid 1960s budget borrowing
A $26 million accounting decision in 1964 opened the door to financing ordinary city costs with bonds. Experts say this practice grew into a structural deficit fueling a $12.4 billion debt and a $1 billion operating deficit forecast for 1975–76, as unionized wages and expanded services drove the budget from 3.3 billion to 12.2 billion.
MENTIONED IN THIS ARTICLE
New York
New York City
Robert F. Wagner
Nelson A. Rockefeller
Wagner
John V. Lindsay
Abraham D. Beame
Beame
Lindsay
New York State
Arthur Levitt
Levitt
Citizens Budget Commission
Aviation Club meets tonight in Middletown
The Middletown Aviation Club meets at 8 p.m. at Weber's Four Seasons Party Room 1900 Germantown Road. Aviation administration accident prevention specialist Bill Keiser will speak on winter aircraft operation and present films on takeoff landing procedures and spinning airplanes.
MENTIONED IN THIS ARTICLE
Aviation Administration
Bill Keiser
Middletown Aviation Club
Weber
Four Seasons Party Room
Germantown Road
Keiser
Middletown High Students Enroll in Eight-Week Set Design Course
An eight week set design course at the Middletown Fine Arts Center starts this week for local high school drama students. Thirteen Middletown High students join from AIM building with instructors Ron Fetzer and Judy Perry. The program divides into two four week sessions with Dick George teaching the first half on Mondays and Don Dennis guiding the second half on Thursdays.
MENTIONED IN THIS ARTICLE
Setesign
Middletown Fine Arts Center
Middletown High School
Ron Fetzer
AIM
Judy Perry
Middletown
Fetzer
Lemon-Monroe High School
Della Ewalt
Les Landen
Dick George
the Arts Center
Ex ambassador Leo Sheridan dies at 78 in Lake Forest
Leo J. Sheridan 78 former U S ambassador to Ireland in 1968 1969 and founder of a major Chicago area real estate firm died Monday after a brief illness in Lake Forest Illinois He served as diplomat and real estate entrepreneur with ties to Chicago business circles.
MENTIONED IN THIS ARTICLE
Lake Forest, Ill
Leo J. Sheridan
U.S
Ireland
Chicago
Also Mentioned on This Page
Aviation Club
Butler County Board of Revision
Butler County Auditor
Tax Commissioner of
Ohio
Hamilton
James A. Tilton
Butler County
Citizens Union Research Foundation
Robert Wagner
John Lindsay
Abraham Beame
George
Don Dennis
Kings Island
Reggie Finkelman
Central Avenue
U.S.D.A
Deckers
U.S.D.A. Choice
Cheerios
Poz
General Mills
del Monte
Crisco
Cheerio
Dillman
Central Ave
Betty Crocker
AMILY
Bordens
Monte Catsup
Diliman
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