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At that time, Gary schools were running an annual $21.5 million operating deficit, racked up $103 million in debt and frequently struggled to make payroll.
The SUNY faculty and staff union warns projected operating deficits at several SUNY campuses threaten public higher education across Central New York.
Politically. >> donald trump has a single largest operating deficit in american history, and you know, he passes budgets without really any negotiation at all to, you know, is what conservatives believe is try to get a smaller, more responsible limited government, he's gone in the opposite direction of that, these tariffs, which he lies about are taxes, they hurt the poor the most. when you start taxing food products at 25%, well, that doesn't mean anything probably to me and you, joe. we could probably afford that. but it means a lot to a lot of people who can't afford to maybe the difference...
Under tremendous financial pressure for a long time. how bad is it now? >> reporter: well, 2004 was the last time they had a balanced budget in this city. the current operating deficit is somewhere near $200 million, the long-term obligation debt somewhere near $12 billion with a b. so the city has done a deal with the state. the state will infuse it with about $137 million, the city will get new rules and strict regulations as to how to shore up its financial ship. the state got a look at its books, the city of detroit's books, actually, for the first time and saw some practices that were rig...