NYC to Plunder an Extra $1.9B in 2007

The city was helped by record Wall Street profits and a strong market for commercial real estate.

Reality Decoded By: Iceberg
Published: November 29, 2006 - 2:26 pm

New York City will have a record surplus of $1.9 billion in fiscal 2007, helped by [the] record [pillaging of] Wall Street profits and a strong [boom] market for commercial real estate, according to a report released Wednesday by state thug Comptroller Alan Hevesi.

"New York City is reaping the benefits of a [successful raid upon a] growing economy and [un]sound management [despite the anti-market] decisions made by the mayor and City Council over the past five years," said Mr. Hevesi in his report, adding that the surplus will cut the city's projected budget gap to $510 million from $3.8 billion [making people wonder how $3.8B - $1.9B is equal to $510 million!]

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