New York, NY - Bloomberg Orders Agencies to Plan $2B Spending Cut |
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Published on: September 16, 2012 09:59 AM
By: AP
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DNAinfo.com (Mayor’s Office/Edward Reed)New York, NY - Police, schools and other agencies are being told to come up with ways to shave spending by a total of $2 billion as New York City grapples with a projected deficit and a blocked plan to sell new taxi medallions.
No decisions have been made yet about what to cut in the 12th round of budget trims since early 2007. City Budget Director Mark Page told officials Friday to propose reductions — or new moneymaking ideas — by Oct. 4. They’d affect spending over the next 18 months.
The roughly $70 billion budget for this year is balanced. But it included $635 million from the taxi plan, which a judge struck down last month.
Besides that gap, a $2.5 billion deficit is forecast for next year.
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Read Comments (3) — Post Yours »
1
Sep 16, 2012 at 06:02 PM Anonymous Says:Report as Inappropriate
How could Herr Bloomberg include non approved taxi medalions in hkis projected budget. Bloomberg should take the 2Billion from his own pocket to balance the budget!
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Sep 18, 2012 at 10:55 PM The Professor Says:Report as Inappropriate
“ How could Herr Bloomberg include non approved taxi medalions in hkis projected budget. Bloomberg should take the 2Billion from his own pocket to balance the budget! ”
Clearly you are clueless as to how budgets are created and approved. The Mayor proposed, and the budget was ratified by the City Council. Inclusion of projected revenues are done all the time at all levels of government, and in private industry as well. Regretfully for the citizens of New York, the taxi industry is spending humongous amounts of money to maintain their regulated monopoly without fear of increased competition - even if the new medallions were largely for private cars that were to operate in the Outer Boroughs where the medallion cabs don't want to operate. Bloomberg isn't guilt of anything, and you might learn a bit more about the operations of government for the New Year prior to demonstrating your ignorance again!
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Sep 19, 2012 at 08:18 AM anonymous Says:Report as Inappropriate
Maybe you can get money from the Dept. of Labor. They recently gave Peru a $7 million grant from our tax money.