Cuomo Vows All-Out Bid to Avoid Fiscal Takeover of New York City
Gov. Mario M. Cuomo, with Mayor David N. Dinkins at his side, vowed yesterday that he would do whatever was needed to keep the Dinkins administration from losing control of New York City's budget and finances to the state. The Governor and the Mayor refused to provide any but the sketchiest details of how they planned to prevent the intervention of the state Financial Control Board, which under law and bond covenant could take over city finances if Mr. Dinkins cannot bring a gap of several hundred million dollars in the current budget down to $100 million. Might Speed Payments Mr. Cuomo suggested that the state might speed up some aid payments, and city officials said they hoped yesterday's public show of support from the Governor would clear the way for them to negotiate concessions from municipal unions.