New York's former lieutenant governor and longtime civic leader Richard Ravitch has died at the age of 89
NEW YORK — — Richard Ravitch, a former lieutenant governor and longtime civic leader known for his role in steering New York City through the fiscal crisis of the 1970s and stabilizing its mass transit system in the 1980s, has died at the age of 89.
Later that year, Ravitch organized a last-minute rescue package with the city teachers' union that allowed New York City itself to avoid bankruptcy. Ravitch worked without a salary, surviving a transit strike while creating the Metro-North Railroad and reimagining the agency's budgeting process. Ravitch left the MTA in 1983 after clashing with Gov. Mario Cuomo, but remained an influential figure in New York, leading the city’s Charter Revision Commission, helping to rescue the Bowery Savings Bank and running a failed “outsider” campaign against then-Mayor Ed Koch.
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