- Joined
- Sep 7, 2020
- Messages
- 2,258
NYC is faltering â and a bailout from Washington is highly unlikely
This month marks the 50th anniversary of the New York City fiscal crisis of 1975.
nypost.com
NYC Fiscal Storm coming
- Thread starter Capttomo
- Start date
nypost.com
- Joined
- Nov 1, 2019
- Messages
- 569
Found out a few years ago that from 1975 till just an about 10 yeard ago, NYC was still under the supervision of a financial control board.NYC is faltering â and a bailout from Washington is highly unlikely
This month marks the 50th anniversary of the New York City fiscal crisis of 1975.
- Joined
- Jan 12, 2022
- Messages
- 78
If your budget has between a 5 and 11 billion dollar short fall why have a budget at all. Budgets are supposed to on some level be equal at 0 talk about setting yourself up for failure and why should it be the other 49 state’s responsibility to bail out NYC. This is not doing on the electorate making these decisions.
brings back bad memories of 1975...went through the layoffs (still a very sore subject)
nyc was forced to be fiscally responsible throughout the years following the start (1975) of the financial control board (big mac)
until the deblasio administration and its been all downhill from there
demanding the return of the money deblasios wife stole under the pretense of mental health would be a good start.
nyc was forced to be fiscally responsible throughout the years following the start (1975) of the financial control board (big mac)
until the deblasio administration and its been all downhill from there
demanding the return of the money deblasios wife stole under the pretense of mental health would be a good start.
- Joined
- Nov 1, 2019
- Messages
- 569
She took like what a billion dollars?
From another thread on this site
www.nycfire.net
Also:
www.nycfire.net
Firefighters from across the country thought if they would lay off firefighters in the busiest fire department in the country, during their busiest time in the peak of the FDNY War Years, then they certainly can lay off firefighters on a nationwide basis.
And that's exactly what happened.
I remember the closings of some of Bridgeport and New Haven Companies.
I can tell you that there were much larger fires on arrival.
I was also concerned and there was talk of laying off firefighters in the city I work (Norwich, Ct).
With less than two years on the job I would probably be let go
There was a distribution of manning and fortunately no one was laid off.
But we went from 14 on duty firefighters to 13, then to 12.
7-1-75...NYC LAYOFFS.
40 years ago many FDNY BROTHERS & other City workers had to go home & tell their Families they were out of a job...a real shame that never should have happened !
www.nycfire.net
Also:
FDNY Layoffs
Unfortunately, due to the loss of tax revenue and economic downturn the city is facing a budget crisis. Supposedly if it is not bailed out by 10/1/20, 22,000 city employees will be laid off in a cost saving measure. For FDNY that means a projected 1,000 Firefighters and 400 EMTs laid off...
www.nycfire.net
Firefighters from across the country thought if they would lay off firefighters in the busiest fire department in the country, during their busiest time in the peak of the FDNY War Years, then they certainly can lay off firefighters on a nationwide basis.
And that's exactly what happened.
I remember the closings of some of Bridgeport and New Haven Companies.
I can tell you that there were much larger fires on arrival.
I was also concerned and there was talk of laying off firefighters in the city I work (Norwich, Ct).
With less than two years on the job I would probably be let go
There was a distribution of manning and fortunately no one was laid off.
But we went from 14 on duty firefighters to 13, then to 12.
Last edited: