Bloomberg: NYC’s $68.7 Billion Budget Retains Teachers, Bloomberg Says

By Henry Goldman

New York Mayor Michael Bloomberg today presented a revised $68.7 billion budget that contains no new taxes and accepts a City Council call to retain more than 2,000 teaching positions that he previously sought to eliminate.

The 2013 spending plan still contains about $170 million in cuts to day care, summer camp and after-school programs affecting about 52,000 children. City Council Speaker Christine Quinn said she will oppose the reductions. The budget requires council approval by June 30, the end of the city’s fiscal year. Council members also object to Bloomberg’s proposal to save $43 million by closing 20 fire companies, she said.

Read more at: http://www.bloomberg.com/news/2012-05-03/nyc-s-bloomberg-says-68-7-billion-budget-will-retain-teachers.html