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New York, NY - City Agencies Spend $1 Billion More Than Planned

Nov 18, 2011 at 03:56 PM

New York, NY - City's agencies spent almost $1 billion more than expected this fiscal year, partly due to overtime for police and firefighters, a problem that will trigger more cuts in expenses, a mayoral aide said on Friday. Mayor Michael Bloomberg, who already has ordered nearly a dozen rounds of budget cuts since 2007, forecast that the city will collect only an extra $81 million from now...

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