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New York, NY - Bloomberg Says He'll Close Budget Gap Without Taxes

Published on: February 1, 2012 07:16 PM
By: AP
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New York, NY - Mayor Michael Bloomberg’s proposed budget won’t include new taxes.

Marc La Vorgna, a spokesman for the mayor, said Wednesday that the draft Bloomberg is expected to release Thursday will close an anticipated $2 billion gap but won’t include any taxes.

In November, Bloomberg said that even with plans to use $1 billion from a health care trust fund, $1 billion from taxi medallion sales and make $1.5 billion in spending cuts, the city was expecting to come up $2 billion short. That estimate may have since changed, depending on tax revenues and other factors.

The mayor’s initial budget proposal is traditionally the opening salvo in a lengthy series of negotiations between policymakers, elected officials and advocates. The final budget must have the approval of the City Council.


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Read Comments (5)  —  Post Yours »

1

 Feb 01, 2012 at 07:28 PM Anonymous Says:

Very easy done, no new taxes, but increase in fines, surcharges, tickets, towing cars, tolls, water bills, sqeeze out every penny from the average New Yorker.

2

 Feb 01, 2012 at 08:03 PM Facts1 Says:

Bloomberg, your trick is out (unfortunatly) for the majority of NY's it too 9 yrs to figure it out. You dont raise taxes, you raise fees, false appraisals for real estate tax etc.

3

 Feb 01, 2012 at 09:16 PM Anonymous Says:

Herr Bloomberg, $2 billion is pocket change for you. Do something unselfish for a change and pay it YOURSELF.

4

 Feb 02, 2012 at 11:12 AM Aryeh Says:

No new taxes, just parking ticket blitzes with no due process. My tickets from last year alone could fill most municipal budgets. Hashem yishmor.

5

 Feb 02, 2012 at 02:14 PM Anon Says:

Gosh, I guess he can just cut out that safety net that is sustaining the very poor, according to Romney.

6

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