The year NYC went broke

In 1975, New York City ran out of money. For a decade it had managed to pay for its hundreds of thousands of city employees ...
94.3 The Point

Monmouth County Sent Apples to Help NYC During 1975 Financial Crisis

Monmouth County apple orchards sent fruit to NYC in 1975 to promote bond sales during the city’s financial crisis.
Gothamist

Drop dead again? New film finds NYC’s 1975 fiscal crisis still haunting the city today.

The mayor of New York City is widely seen as incompetent. Inflation is near record highs as the wider economy slows, subway ridership is down while the MTA faces a growing budget gap, and the White ...
The New York Times

‘Drop Dead City’: When New York Was on the Financial Brink

This surprisingly entertaining film examines the 1975 fiscal crisis that nearly led the city to bankruptcy. The movie’s conclusions remain relevant today. By Alissa Wilkinson When you purchase a ...