In late 1992, the situation turned particularly grim when the Federal Government rejected the last of a string of financial gimmicks the state had used to finance much of its vast expansion.
Yet it was concerned enough about appearances to resort to financial gimmicks to make sure year-end results would not arouse suspicion.
The bond rating agency cited the Mayor's use of financial gimmicks as a major reason for the change.
They used more financial gimmicks than we have seen anywhere else in the country, they have an inefficient and unfair taxation system, and they supported that with borrowed money.
The fiscal crisis of the mid-70's was precipitated by financial gimmicks and budgetary tricks.
Since then corporate America has posted robust increases in profits, generated for the most part by solid improvements in sales and productivity rather than by financial gimmicks.
But the plan ran into staunch opposition as precisely the kind of financial gimmick that Germany has railed against in the past.
Merrill Lynch, he said, expects the reduction to be between $20 billion and $23 billion, after adjusting for one-time factors and financial gimmicks.
Many states run de facto deficits, which are often achieved by dubious practices and financial gimmicks to paper over actual deficits.
The 1975 version, the Mayor said, was precipitated by "financial gimmicks and budgetary tricks."