Giuliani as hero, blah blah blah

From Crain's New York Business:

The city’s debt per capita has more than doubled since fiscal 1990, to $5,083 per head, according to a new report from the city comptroller’s office. The figure was $2,490 per citizen in 1990. That rate of growth exceeds the inflation rate by 63% and the growth in city tax revenues by 55%, the charter-mandated report said

In addition, the comptroller found that debt service costs will grow about 25% by fiscal 2006, reducing the funds available for city services. The costs are projected to approach 20 cents of every tax dollar, compared with 16 cents of every dollar today.

Aren't we glad Giuliani used the boom years of the 90s to get NYC in better financial shape, fix up all of the roads and bridges, improve public transit...

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This page contains a single entry by published on December 6, 2002 5:36 PM.

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