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Dinkins restores $1.7 billion in cuts in New York City capital spending. (David N. Dinkins)
The Bond Buyer
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April 24, 1992|
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COPYRIGHT 1992 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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New York City Mayor David N. Dinkins announced yesterday the restoration of $1.7 billion of cuts in the city's capital budget, in a move that will lessen the draconian reductions in city bond-financed projects announced in January.
The new capital spending program calls for a $2 billion cut in city general obligation bond funding during the first five years of the city's 10-year capital spending strategy.
In January, Mr. Dinkins proposed a $3.7 billion reduction in general obligation bond financing for city capital projects.
Separately, the city is ...
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