CityJournal's Steven Malanga is digging again in NYC and NYS finances noting:
"Over Bloomberg’s tenure, the city has, thanks to annual spending increases,
expanded the budget on an inflation-adjusted basis faster than any mayor since
John Lindsay, whose spending pushed New York to the edge of bankruptcy (see “New York’s Next Fiscal Crisis,” Summer 2008)."
Remember this when "Mayor Mike" starts blustering about cost-cutting and his fiscal responsibility - neither of which are true in any meaningful fashion.
Malanga's full article is here:
The City’s Finances: Budget-Cutting Made Simple
posted by anonymous at 12:28 PM
