TAXES: WHAT OTHER CITIES CAN LEARN FROM NEW YORK

摘要

New York City made a remarkable recovery from its brush with bankruptcy in the 1970s. Despite typical urban ills, New York thrived in the next two decades by reinforcing its position as the world's financial and media capital. But then came the 2001 recession, the bear market on Wall Street, and the September 11 attacks. To bridge an enormous gap in the city budget, Mayor Michael Bloomberg has pushed through increases in taxes on property, sales, and income.