Fact Checking Rudy's Reconstruction of His Economic Record

The Boston Globe fact checks Rudy Giuliani's claims about his record with respect to tax cuts and the budget deficit during his mayoral tenure.

A sample:

Giuliani and his campaign often say that he "turned a $2.3 billion deficit into a multibillion-dollar surplus." But both the Citizens Budget Commission, a probusiness watchdog group, and the Independent Budget Office, a city-funded fiscal watchdog organization, said Giuliani left his successor, Michael Bloomberg, a projected budget deficit equal to or larger than the one Giuliani inherited from David Dinkins, the previous mayor.

Rudy's first term was okay but spending proliferated during his second term.

....in the final years of his second term, as city coffers brimmed with taxes generated by the stock market boom, city spending soared well above the inflation rate and nearly all of the surplus in his last year was spent. Giuliani generated annual surpluses in part by routinely lowballing revenue estimates.


What about his claims about cutting welfare? The rest of the country did more.

Giuliani's welfare overhaul was a success, reducing the number of New Yorkers on public assistance to the lowest in 35 years. But the results trailed those achieved by national welfare cutbacks. In eight years, New York's rolls plunged 54 percent, from about 1.1 million recipients to 493,000, compared with a 62 percent drop across the United States, according to the Citizens Budget Commission.

And he doled out corporate welfare:

New York City has long used tax incentives to discourage big corporations from fleeing the city to less expensive sites in the suburbs, and to stimulate redevelopment. Giuliani continued the practice, with what the Club for Growth called "an alarming propensity for doling out corporate welfare . . . and his favorite pet project of all - sports stadiums."

On tax cuts:

Giuliani often suggests that he alone was responsible for cutting 23 taxes, but seven of those moves were state initiatives, according to the city's Independent Budget Office. Of the remaining 16 tax reductions, Giuliani actually opposed the largest cut, which was due to come with the expiration of a 12 1/2-percent surcharge on the city's personal income tax.

Not only did he propose $600 million for Yankees' and Mets' stadiums, but:

Under Giuliani, the city built ballparks in Staten Island and Coney Island for minor-league affiliates of the Yankees and Mets - at a total cost of about $110 million, the Independent Budget Office calculated.

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    More on Rudy & FAUX (none / 0) (#1)
    by piniella on Fri Nov 16, 2007 at 07:38:53 PM EST
    According to All Things Considered, Rudy as Mayor also pushed to have FOX included on NYC cable outlets.

    Huh?? (none / 0) (#2)
    by jimakaPPJ on Sun Nov 18, 2007 at 09:30:39 AM EST
    And why shouldn't all news sources be available on cable??? Do you believe in government censorship??