#fiscal-crisis

#fiscal-crisis

New York City's ongoing economic challenges reflect historical fiscal crises, notably the 1975 crisis, driven by job losses and federal aid reductions.

Union leaders played a pivotal role in preventing New York City's collapse during the 1975 fiscal crisis.

The documentary "Drop Dead City" reveals the intricate dynamics of New York City's 1970s fiscal crisis and its impact on governance.

Daniel Lurie inherits a fiscal crisis and promises accountability without cutting essential services, emphasizing a need for collaborative solutions.

Muni faces a $322 million deficit by 2026-2027, requiring urgent solutions to avoid detrimental service cuts and fare increases.