"Drop Dead" author Richard E. Farley on power and graft in NYC | The Moynihan Report
The Moynihan Report
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Navigating New York's Fiscal Landscape
This chapter analyzes New York City's historical fiscal crises, particularly the 1970s, and the future challenges exacerbated by the COVID-19 pandemic. It discusses the city's tax revenue dynamics, job growth declines, and the failed Amazon deal, relating these to broader economic shifts and political climates. The conversations also touch upon housing affordability, gentrification, and the implications of rent control policies while reflecting on the evolving landscape of voter alignments and socio-economic diversity.
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