NY Post: Mike, council strike $68.5B budget deal

SALLY GOLDENBERG and DAVID SEIFMAN-June 26, 2012

Mayor Bloomberg and the City Council reached a deal last night on a $68.5 billion budget that restores virtually all of the proposed cuts to fire companies and child-care programs without any tax hikes.

The agreement for Fiscal Year 2013, set to go into effect July 1, includes some $397 million in service restorations — funding that came from money the council is charged with appropriating.