New York Times: City Hall Budget Deal, for Now, Includes Few Layoffs and No Tax Increases
Christopher Gregory/The New York Times
More than half of the City Council celebrated a budget agreement with the mayor on Monday, including, from left, Leroy G. Comrie Jr., Margaret Chin, Erik M. Dilan and James S. Oddo.
David Chen-June 25,2012
Despite uncertainty over hundreds of millions of dollars in anticipated revenue, Mayor Michael R. Bloomberg and the City Council agreed Monday on a $68.5 billion budget for the coming fiscal year that would avoid tax increases, firehouse closings and widespread layoffs.
Read More Here:http://www.nytimes.com/2012/06/26/nyregion/2013-nyc-budget-has-few-layoffs-and-no-tax-rise.html?_r=2
