Search results
Results From The WOW.Com Content Network
Because the official share prices are often lower than the market value and sellers often retain the freedom to select whom to sell to, under-the-table payments are common. [ 11 ] Current public policy favors condominiums over housing cooperatives, and recent legislation has aimed at making the latter more condominium-like.
In 1933, the city was in a financial crisis, as tax receipts had plunged and welfare spending had skyrocketed. The city had defaulted on its bond payments and had to use promissory notes (" script") to pay teachers, policemen and other employees. Couzens restored the city's financial credibility by cutting the debt and balancing the budget.