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


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 | Public transportation | Systems management | Urban areas | Taxation | Deterioration | Infrastructure | Health care facilities | New York City | New York | United States

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