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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 »


 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.


 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.


 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.


 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.


 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.


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