ocr: Mountain of 90's Debt Looms as City and State 20 generations. Feel Pinch In announcing his budget plan last week, Mayor By RICHARD. PEREZ-PENA and. JAMES C. MCKINLEYJr. Michael R. Bloomberg proposed that the city take on even more debt, $1.5 billion, to help cover a New Yorkers say their region stands alone in all $4.7 billion budget gap. That would mean selling sorts of ways. But few citizens of this sprawling 25 bonds to cover day-to-day expenses, something city and state know it is the undisputed leader in the city has not done since the fiscal crisis of the an undesirable arena: government ...
