Sentences with phrase «ballooning operating deficits»
Their comments were in response to requests from Bronx Councilman Ritchie Torres, chairman of the Committee on Public Housing, for assurances that the housing authority leaders would not sell property — which former Mayor Michael Bloomberg had proposed as a fix for NYCHA's ballooning operating deficits and $ 17 billion backlog in repairs.
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But Curran said that since taking office Jan. 1, she's had to focus urgently on averting a financial storm driven by ballooning operating expenses and persistent budget deficits.