AM NY: Bloomberg unveils FY 2013 budget to close $2B deficit
AM NY: Bloomberg unveils FY 2013 budget to close $2B deficit
Reuters
February 2, 2012
Mayor Michael Bloomberg pledged no tax hikes, but warned of skyrocketing pension costs and ballooning budget deficits in future years during a city budget proposal unveiled Thursday.
“Let me repeat, no tax increases, no layoffs of teachers or uniformed workers and no walking away from our long-term investments,” Bloomberg said, presenting a $68.7 billion budget for fiscal year 2013, which starts July 1.
