New York City fiscal crisis

GPTKB entity

Predicate	Object
gptkbp:instanceOf	gptkb: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
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 gptkb:presidency_of_Gerald_R._Ford gptkb:Gerald_Ford_administration gptkb:Gerald_Ford_presidency
gptkbp:bfsLayer	7
https://www.w3.org/2000/01/rdf-schema#label	New York City fiscal crisis