Such a move would create fiscal chaos by blocking the state's access to credit.
But by the mid-1970's the organization had fallen into fiscal and administrative chaos and became known as a political pork barrel.
Mayor Cianci's first regime, in the early 80's, was of course marred by corruption and fiscal chaos.
He has warned of "Armageddon cuts" and "fiscal chaos" if it fails.
The cache, he said, revealed a picture of "fiscal chaos" and evidence of wide fraud.
A victory by the unions could throw the state into fiscal chaos.
You are so embittered that you are willing to plunge the state into fiscal chaos.
The result has been fiscal chaos of such proportions that the city cannot provide the most basic of services.
He could, of course, wind up running anyway, even with fiscal chaos in Albany.
The law, he said, has created "fiscal chaos and confusion in many school districts.