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 Tina Moore AND Reuven Blau / NEW YORK DAILY NEWS Wednesday, June 6, 2012,
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
