Word: perring
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Dates: during 1960-1969
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According to the by-laws, a quorum of 25 per cent-13,535-of the members had to vote on the amendments...
...working paper circulating in the Mayor's office estimates that "City revenues have a natural growth... of only about 5 per cent, while City expenses are now growing at a rate of 15 per cent...
...City is limited to taxes which are on the whole regressive: the poor pay proportionately more. According to unpublished research done at the National Bureau of Economic Research for fiscal year 1968-69, a family in New York City with a before-tax income under $2,000 paid 11.5 per cent in total City taxes. As family income rose, this steadily decreased to 5.7 per cent for a family with income between $10,000 and $15,000 Families making over $15,000 paid an average of 74 per cent, a slight increase but still less than for families with below...
...first full year under this program, New York State would receive $117 million out of a $1 billion pot. New York City would then receive approximately $50 million of this, amounting to less than one per cent of its present budget...
...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...