But the money has been used and will be used, according to the city, to finance the city's capital budget, not to cover everyday spending.
Looking ahead, however, it is clear that anticipated revenues in future years won't cover anticipated spending.
But the recession ended in 1983 and the boom that followed generated more than enough tax revenue until 1989 to cover spending.
The city's rainy-day fund, the savings that cover unexpected spending, had $15 million two years ago and has now all but disappeared.
But he is poised to veto the two other bills that will reach him this week, covering spending for the military and the Interior Department.
She was a correspondent for Bloomberg Television covering retail and consumer spending.
It was attached to a spending measure that covers foreign aid and other overseas spending.
The bill covers unanticipated spending in the final 10 weeks of the fiscal year, which ends on Sept. 30.
The mayor said the money raised by borrowing against the tobacco money would be used to finance the capital budget, not to cover everyday spending.
The issue covers direct spending on business operations, like acquisitions, plant construction and investments in other operations.