Word: deficits
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Dates: during 1980-1989
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...meeting of the City Council last night, members voted to purchase the Lee B. Macht Community Health Center's building, which Cambridge currently leases. City Manager Robert W. Healy said the move, although expensive at first, would help reduce Cambridge Hospital's $6.8 million deficit...
...deficit-reduction plan as it now stands cuts more than $130 million for state agency spending and raises additional non-tax revenues, as well as mandates savings in some government programs, including Medicaid...
...solution or at least amelioration. The infrastructure is literally blowing up, with a seemingly endless series of water-main explosions. Especially worrying are Dinkins' close ties to powerful labor unions, some of which may clamor for pay increases just as the city grapples with a projected $1.3 billion budget deficit. Even some of Dinkins' backers have qualms about his ability to hold the unions in check. Says financier Felix Rohatyn, head of Dinkins' informal team of economic advisers: "He is so innately decent that he is really not used to having to disappoint people. And yet, in this...
...mood, Bush urged reporters last week to go after Congress for thwarting his and the nation's will. He vowed to leave in place automatic spending cuts that will trim $16.1 billion from the $1.2 trillion 1990 budget unless Congress on its own cuts about $14 billion from the deficit without resorting to "gimmicks." Unmentioned was the fact that most of the existing gimmicks were first proposed by the Administration...
...acute. After years of phenomenal double-digit growth, the Massachusetts economy had at last slowed down. In June, Dukakis was forced to raise temporarily state income taxes by 15% to meet $700 million in last year's unpaid bills. Last week, scarcely four months into the current budget, the deficit had already soared to $730 million, far more than anyone imagined possible. As revenues sagged with no matching reductions in the state's ambitious outlays, deficits rose and credit , ratings withered. The financial ranking of once proud Massachusetts dropped to 49th among the states, ahead only of economically crippled Louisiana...