New York, NY - Bloomberg Says He'll Close Budget Gap Without Taxes |
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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:Report as Inappropriate
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:Report as Inappropriate
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:Report as Inappropriate
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:Report as Inappropriate
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:Report as Inappropriate
Gosh, I guess he can just cut out that safety net that is sustaining the very poor, according to Romney.