4 NY: Bloomberg Proposes $68.7B Budget

Mayor Bloomberg is proposing a total city budget that exceeds $68.7 billion this year.

Bloomberg presented his budget proposal Thursday. He has until the end of June to negotiate a final version with the City Council.

About half of the 52,000 children currently in city-sponsored after-school and early childhood programs serving low-income neighborhoods would lose their spots under the proposal.

Council Speaker Christine Quinn says restoring more than $125 million to those programs and to child-care initiatives is a negotiating priority for her.

Read more and watch the video at: http://www.nbcnewyork.com/news/local/Mayor-Bloomberrg-Budget-Proposal-CityTime-City-Council-149979755.html