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.

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