Search the Archive

New York City / Financial Troubles / Pittsburgh / Fin. Solvency #38055

ABC Evening News for Monday, Jun 09, 1975
View other clips in this broadcast →

Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws.

(Studio) Agreement reached on forming corporation to help New York City out of present financial crisis. Municipal Assistant Corporation (Big MAC) to help city convert short-term debt into long-term bond if state legislature approves.
REPORTER: Harry Reasoner

(NYC) NYC's present financial plight caused by enormous power of mun. unions, city services, debt services load; details given.
REPORTER: Gregory Jackson

(Studio) Other cities have had better luck managing their fins.; Pittsburgh, Pennsylvania, incld. in group.
REPORTER: Harry Reasoner

(Pittsburgh, Pennsylvania) City has operated solidly in black for past 6 years As compared with NYC, Pittsburgh has no city-run hospitals; mass transit paid by state; community colleges operated by county with help from state; welfare paid by cnty., state, federal government [Pittsburgh MAYOR - says if NYC goes broke, all cities to be adversely affected.] Pittsburgh property taxes reduced; tax on wages totally eliminated.
REPORTER: Lem Tucker

Reporter(s):
Jackson, Gregory;
Reasoner, Harry;
Tucker, Lem
Duration:
00:05:30

Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.

Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:

  • You may request a loan of this video by registering on our website and placing an order.
  • You may visit the Television News Archive on the Vanderbilt campus to view on-site from the Archive's collection.
  • If you are associated with a college or university, you may ask your library if they would like to become a sponsor, which would give students and faculty at your institution the ability to view items from our collection.

If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.