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.
