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 sorts of Yorkers ways. say But their few region citizens of stands this alone sprawling in all 25 $4.7 bonds to billion cover budget day-to-day gap. That would expenses, mean something selling an city and undesirable state know arena: it is the government undisputed debt. leader in the 1970's. city has not done since the fiscal ...
