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New York Citys municipal government is the largest and most complex the nation, perhaps in the world. Its annual operating budget is now a staggering $29 billion a year, and it has a capital budget of $4 billion more. The city and its various agencies employ approximately 360,000 full-time workers. The Office of the Mayor alone employs some 1,600 people (and spends some $135 million). And the Police Department boasts a small army of over 25,000 officers, with a budget of $1.5 billion. Anyone wanting to make sense of an organization this vast needs an excellent guide. In Power Failure, Charles Brecher and Raymond Horton provide a complete guidebook to the political workings of New York City. Ranging from 1960 to the present, the authors explore in depth the political machinery behind City Hall, from electoral politics to budgetary policy to the delivery of city services. They examine the operation of the Office of the Mayor and the City Council, covering everything from the number of members and their annual salaries (Council Members receive $55,000 per year, the Council President $105,000) to the mayoral races of John V. Lindsay, Abraham Beame, and Edward I. Koch. Much of this encyclopedic work focuses on New Yorks ever-present financial woes, including the financial crisis of the mid-1970s, when the city had an unaudited deficit of over a billion dollars and the public credit markets closed their doors. They examine the repeated failure of collective bargaining to set wage policy before the annual operating budget is set (which undermines the integrity of the budgetary process), and they look at the main source of revenue, the property tax (homeowners pay 84 cents per hundred dollarsof market value, commercial property owners pay $4.31, a politically motivated imbalance which the authors find economically harmful and grossly unfair to renters and businesses). Finally, they examine service delivery and discover, not surprisingly, that the highest local taxes
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