GEROSA BIDS CITY CURTAIL SPENDING; Public Works Are Creating $2 of Debt for Every $1 of Redemption, He Warns GEROSA BIDS CITY CURTAIL SPENDING
Gerosa says NYC incurs $2 of new debt for every $1 of debt redemption, rept to Estimate Bd; puts gross bonded debt at $4,003,320,000, July 1, $263,548,000 over '57