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Article: 'We can't tax our way ot of $ crisis.' (New York City Council Speaker Peter Vallone)
- Article from:
- Real Estate Weekly
- Article date:
- June 26, 1991
CopyrightCOPYRIGHT 1991 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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VALLONE ON BUDGET
|We can't tax our way out of $ crisis'
New York City's fiscal crisis is compounded by the "paralysis" of some of its leaders and an unsound proposed city budget, New York City Council Speaker Peter Vallone told a recent gathering of the New York City Chamber of Commerce.
"The mayor wants to raise $5 billion in property taxes over the next four years," said Vallone to the meeting at the New York Hilton. "And even with this crippling amount of taxes, the mayor says he still must close pre-natal clinics, slash aid to libraries and cultural institutions and leave our streets dark and dirty."
In the final days of budget ...