Over-ripe Apple?

15 October 2013 By Martin Hutchinson, Richard Beales

In 12 years as mayor, he increased New York City’s annual outlays by 75 pct to $73 bln, far outstripping growth in the local or national economy. With tax rates toppy and spending per head much higher than in other big U.S. cities, Bloomberg’s successor can’t afford handouts.

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