Dinkins Panel Has Grim View Of Fiscal Gaps
Sketching a grim portrait of New York City's fiscal condition, a panel appointed by Mayor David N. Dinkins reported yesterday that the city's long-term budget problems were more severe than previously estimated. The committee also outlined what it called a "menu" of Draconian and politically unpalatable measures -- including layoffs of city workers, fees for residential garbage collection, postponing of planned hiring of police officers, increases in the sales tax and in property taxes for single-family homeowners, and putting tolls on more East River bridges -- from which city officials could choose to achieve long-term budget balance.