Bloomberg: Bloomberg Reaches Deal With NYC Council on $68.5 Billion Budget

Henry Goldman – Jun 26, 2012

An agreement between New York Mayor Michael Bloomberg and the City Council on a $68.5 billion budget will provide day-care and after-school programs for 107,000 children, and saves Fire Department units from closure.

The budget agreement for the most populous U.S. city doesn’t raise taxes and came just five days before the June 30 deadline that marks the end of the 2012 fiscal year. In the plan, Bloomberg, 70, and the council restored $150 million the mayor cut from child-care and after-school programs and millions more to operate 20 fire-engine and ladder companies.

Read More Here: http://www.bloomberg.com/news/2012-06-25/bloomberg-reaches-deal-with-nyc-council-on-68-5-billion-budget.html