WNYC: Bloomberg Says He’ll Close Budget Gap Without Taxes, Teacher Layoffs

WNYC: Bloomberg Says He’ll Close Budget Gap Without Taxes, Teacher Layoffs

By WNYC Newsroom

February 2, 2012

Mayor Michael Bloomberg unveiled his $68.7 billion budget proposal on Thursday — calling the pension system a “ticking time bomb” but saying there would be no tax increases and no layoffs of teachers or uniformed workers.

Bloomberg said his budget plan closes the $2 billion budget gap, but warned that the estimates put the budget deficit at $3 billion in fiscal year 2014.

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