AP: Mayor, NYC Council announce $68.5B budget deal

NYC Wire
DEEPTI HAJELA-June 25, 2012

NEW YORK (AP) – Mayor Michael Bloomberg and the City Council reached an agreement Monday on a $68.5 billion budget that they said includes a combination of resources from previous years, one-shot infusions and revenues from an improving economy to avoid raising taxes and laying off essential workers and finds even more funding for child care programs that had been under threat of cuts.

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