Word: urbanize
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Dates: during 1960-1969
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...understand the polities of the urban fiscal crisis, it is crucial to recognize that a fiscal gap can occur regardless of the portion of wealth in the City...
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...
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...
Also important is the implied assumption that the wealth of the cities can be sufficiently expropriated for urban services. Again, this is not the case for New York or most other major cities. New York City can onlyuse those taxes delegated to it by the State, and then, in many cases, only up to certain rates. This applies to debt limitations as well...
That the cities cannot by themselves afford the price of a viable urban community has been a recurrent theme in the Lindsay camp, both in the primary last June and in the campaign leading to Lindsay's election...