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Hugh Carey, Who Led Fiscal Rescue of New York City, Is Dead at 92
wish we had him nowFrom 1975 through 1982, as the state’s 51st governor, Mr. Carey led a small group of public servants who vanquished the fiscal crisis that threatened New York City and State — the direst emergency a governor had faced since the Depression — by taking on powers over the city’s finances that no governor had wielded before and none has wielded since.
A liberal Democrat, Mr. Carey reversed the upward spiral of borrowing, spending and entitlement under one of his predecessors, Nelson A. Rockefeller, a Republican who had presided in an era of limitless government promise.