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The city has underestimated its overtime expenses by $82 million to $260 million in every fiscal year since at least 1993.
But in every fiscal crisis since 1976, Albany has asked students at the state's public colleges and universities to pony up in order to stave off cutbacks.
Throughout the rooms of City Hall these days, crossed fingers and caveats reflect the new reality in every fiscal conversation: Despite negotiations among this city's elected leaders, the final say on Detroit's financial matters will come from Kevyn Orr, the emergency financial manager who took control of the city's finances less than a month ago.
Hurt by the rapid pace of technology change and the sharp drop in prices for data storage equipment, this $556 million (revenue) company lost money in every fiscal year since 1998.
As in every fiscal emergency, hard currency, particularly the United States dollar, has long served as a parallel currency on the black market, and many prices in shops would be posted in US dollars, even during periods when it was illegal to possess foreign currency or to transact business in US dollars.
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The old chicken-in-every-pot standby would be irresponsible in current fiscal circumstances.
The government also proposes to bring in further fiscal reform.
By the late 1990s and early 2000s, the pups, who were growing fatter and bolder in every fiscal quarter, stirred the bottom of the ocean floor with subprime loans made to gullible home buyers and in the ensuing murk offered rating-agency approved loans to feckless institutions.
The United States Department of Agriculture received $140 billion in funding in Fiscal Year 2018.
But that's not right either in economic or in fiscal terms.
"Nearly every state is in fiscal crisis," the governors said in a report done jointly with the National Association of State Budget Officers.
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