Word: amounting
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Dates: during 1960-1969
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Even while acknowledging the difficulty of determining optimal urban policy, some skeptical critics downplay the so-called urban fiscal "crisis." They contend that a disproportionate amount of the nation's wealth is concentrated in metropolitan areas, and add that this is particularly true for the New York area...
HOWEVER, there are more substantive reasons why a crisis atmosphere prevails. Accepting the skeptics' point that there is presently a disproportionate amount of wealth in metropolitan areas, one cannot overlook the dynamics of annually balancing the local budget. Things do tend to get worse over time. This is explained by the relatively simple concept of a "fiscal gap" or a "fiscal imbalance...
...paper, it would appear that the President did not run very far, and even faced up to the problem. By August he had proposed a revenue sharing plan "asking that a set amount of Federal revenues be returned annually to the states to be used as the states and their local governments see fit-without Federal strings...
...plan would increase the central pot to $5 billion, resulting in New York City receiving about $250 million. But if the City's budget grows at the same pace that it has been growing for the last decade, from $2.2 billion to $6.6 billion, this still will not amount to more than two per cent of the City's budget...
...reform cases actually comprise a very small number of CLAO's total case-work. But because these few cases require a much greater amount of time than the average civil case, they form a much larger part of the office's workload than their numbers would suggest...