New York City fiscal crisis

GPTKB entity

Statements (29)
Predicate Object
gptkbp:instanceOf economic crisis
gptkbp:cause mismanagement
budget deficit
declining tax base
gptkbp:country gptkb:United_States
gptkbp:effect reduction in city services
federal government intervention
creation of Emergency Financial Control Board
cuts to public spending
layoffs of city workers
near bankruptcy of New York City
gptkbp:endDate 1980
https://www.w3.org/2000/01/rdf-schema#label New York City fiscal crisis
gptkbp:location gptkb:New_York_City
gptkbp:mediaCoverage gptkb:The_New_York_Times
gptkb:Daily_News
gptkbp:notableEvent President Gerald Ford denies federal bailout
creation of Municipal Assistance Corporation (MAC)
headline: 'Ford to City: Drop Dead'
gptkbp:notablePerson gptkb:Hugh_Carey
gptkb:Abraham_Beame
gptkb:Felix_Rohatyn
gptkbp:relatedTo gptkb:1970s_New_York_City
urban crisis in the United States
gptkbp:resultedIn increased state oversight of city finances
reforms in municipal finance
gptkbp:startDate 1975
gptkbp:bfsParent gptkb:Presidency_of_Gerald_Ford
gptkbp:bfsLayer 6