Newsday (AP): NYC mayor, council agree on $70B budget plan
New York Mayor Michael Bloomberg and the City Council on Sunday announced an agreement on a $70 billion budget proposal for fiscal year 2014 that does not raise taxes and avoids major layoffs.
“Our Administration’s final budget reflects the commitment to sound financial management that has helped keep our City on firm financial footing, and to the services and programs New Yorkers rely on,” Bloomberg said and a press conference with Council Speaker Christine Quinn, a Democratic mayoral hopeful.
The 2014 budget plan restores funding for child care and after-school programs that were slated to be cut. It also includes $58 million for the New York City Housing Authority, which lost money as a result of the federal sequestration. The funds will be used for public housing and to maintain senior centers.
“By working together, we ensured that libraries and pools will stay open, parks will be maintained, and preserved both vital childcare seats and after school programs that middle class families depend on,” Quinn said.