[flashbunny]

But at the end of his term, they did have a large operating deficit.

[M. Thatcher]

But at the end of his term, they did have a large operating deficit.

Giuliani handed Bloomberg a surplus of $1 billion. Even in New York, that's real money.

[Mojave]

"City budget expenditures jumped 25 percent – twice the inflation rate – and Giuliani left his successor a projected operating deficit of $4.5 billion and New York's citizens with the highest tax burden in any major municipality in America." --George J. Marlin, former Conservative Party nominee for mayor of the City of New York, former two term Executive Director and CEO of the Port Authority of New York and New Jersey.

Pesky old facts.