Word: mayors
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Dates: during 1960-1969
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...unclear how soon this definition might be confirmed. The Mayor's victory on Tuesday may only prove that he has won the battle to save himself, but is continuing to lose the war to save New York City. Many would say, as John Kenneth Galbraith suggests, that it is a war of fiscal survival. This is oversimplifying the situation to some degree, but perhaps not very much...
...CENTRAL theme runs throughout the numerous fiscal ills one could catalogue for New York City. Assuming that the Mayor knows what is optima! in an economic sense (and which therefore minimizes or even solves some fiscal problem), it is usually not optimal in a social sense...
...York City, as a legal entity, exists and functions only at the mercy of the State). And even if it is economically and socially desirable as well as legally permissible, it invariably runs into pressure group and ethnic politics rendering it politically untenable. Yet the question remains whether the Mayor can know what is economically and socially optimal...
...present time there is one program planner in the City's Bureau of the Budget exploring the possibility of an "economic and social report of the Mayor" that would be comparable to the President's annual economic report. The difficulty of such a task is immensely complicated by the lack of a sophisticated understanding of the urban economy and social structure. In New York City, this lack of sophistication reflects a lack of data rather than brainpower...
Prof. Gerald Boyle of the University of New Mexico has estimated aggregate elasticities for state and local governments between 1956 and 1966. What he found would not surprise any urban mayor, particularly John Lindsay. With every one per cent increase in income, expenditures grew by 1.1 per cent while revenue grew by only 9 per cent...