How New York City Can Be Restored to Economic Health

Serial Information: Civil Engineering—ASCE, 1978, Vol. 48, Issue 11, Pg. 91-92


Document Type: Feature article

Abstract:

To be restored to economic and fiscal health, New York City will have to make some fundamental reforms. The overall strategy is to obtain slack resources, then to invest these resources in a way that promotes private economic development — e.g., cutting taxes, reducing debt, repairing deteriorated infrastructure, etc. Among other needed reforms: shedding responsibilities like hospitals, the City University, and housing and mass transit to the state; federal takeover of welfare and Medicaid; further workforce reductions; pension reform; and a vastly improved management system.



Subject Headings: Economic factors | Urban areas | Public transportation | Systems management | Health care facilities | Taxation | Infrastructure | Deterioration | North America | United States | New York | New York City

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