Thursday, April 26, 2007
NYC Has a 4.4 Billion Dollar Surplus
It seems that NYC revenues increased 1.3 billion dollars more than was originally expected for this fiscal. Consequently, Mayor Mike Bloomberg is boasting a 4.4 billion dollar surplus for the city.
It is believed that this surplus is due to the revenues received from real estate taxes and the strength of the growing city economy.
Mayor Mike has decided to save the money for a rainy day when future city deficits will rise because of increased spending, medical costs, pensions, and debt service. Many New Yorkers, however, feel that the surplus is a direct result of increase takes and the cost of living in the city and that they should be compensated.
Did you know if you divided 4.4 billion dollars by 8 million people, each person would get $5500! That’s a nice Vegas vacation on Iron Mike Bloomberg.
Being the consummate business man, I don’t think the Mayor will be distributing the surplus to common folk and I won’t be playing Roulette at Caesar’s Palace.
Posted by Patrick Henry at 5:55 PM