NY Daily News: City budget director fears loss of $1B if new taxi plan is defeated in court

City budget director fears loss of $1B if new taxi plan is defeated in court

Mark Page says unfavorable decision could require drastic slashing of services to cover lost medallion money

By AND / NEW YORK DAILY NEWS            Wednesday, June 6, 2012,


	Mark Page

Bryan Pace for New York Daily News

City budget director Mark Page fears huge losses for the city if new taxi plan is shot down in court.

With a wave of cuts already included in Mayor Bloomberg’s budget proposal, the city’s budget director fears the loss of up to $1 billion in revenue if the new taxi plan is defeated in court

Read more: http://www.nydailynews.com/new-york/city-budget-director-fears-loss-1b-taxi-plan-defeated-court-article-1.1091223#ixzz1x7dWStu7

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