Reuters: NYC mayor unveils budget with minimal layoffs
Reuters: NYC mayor unveils budget with minimal layoffs
By Joan Gralla
February 2, 2012
(Reuters) – New York City Mayor Michael Bloomberg on Thursday unveiled a $68.7 billion preliminary budget, closing a $2 billion gap without raising taxes or laying off teachers or uniformed workers.
“We will spend less in virtually every area except schools” in fiscal 2013, he said in a televised address that stressed the urgency of cutting soaring pension costs.
