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Editorial: Is Schenectady broke, or what?

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Today’s cartoon of Newt Gingrich scrounging under his sofa cushions for loose change could just as easily be Schenectady Mayor Gary McCarthy. Depending on whom you ask, that may be only a slight exaggeration of the city’s surplus since it paid the county $1 million in February for uncollectible taxes, and already it’s had to borrow money to deal with short-term cash flow problems. The city’s predicament has received enough publicity that anyone who’s been ...


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