Mayor Michael Bloomberg on Thursday unveiled a revised budget for the 2014 fiscal year where he said despite a increase in revenue from the capital gains tax planned cuts will move forward.
The mayor says the $69.8 billion budget remains balanced without raising taxes.
It includes $1 billion in new revenues fueled by an increase in capital gains taxes.
However, it projects a $2.2 billion short fall for fiscal year 2015.
...
The budget proposes the city shutter 20 firehouses, reduce thousands of childcare slots and cut 2,500 teaching and guidance counselor positions through attrition over the next year.
Negotiations over the plan will now begin in the City Council.
I suspect this will be the one year where Quinn simply puts the kibbosh on this stuff early because she has to worry about the fall-out from the attrition threats and fire house closings hurting her in the Democratic primary.
The good news, this is the last budget proposal from Herr Bloomberg sans a Bloombergian political coup.
Love your opening paragraph! Ain't that the truth!
ReplyDeleteSaw Bloombuck$ on the local news tonight, issuing dire warnings that if some of the labor-friendly candidates became mayor, taxes would skyrocket by 25% to 5o%--another attempt to scare people and manipulate the election.
You're exactly right about. Five years without a raise. Six years by the time a new mayor comes into office. And let's not forget the Unity trial balloon, via Peter Goodman, about ending steps and longevity.
DeleteUgh.