State of the City: $3.1 Billion Deficit
In his State of the City speech last night Mayor Bloomberg warned that this is likely to be a difficult year and announced belt-tightening measures in response to the Independent Budget Office’s projection that the city will see a $3.1 billion deficit in 2009. Bloomberg is ordering all city agency heads to cut their budgets…
In his State of the City speech last night Mayor Bloomberg warned that this is likely to be a difficult year and announced belt-tightening measures in response to the Independent Budget Office’s projection that the city will see a $3.1 billion deficit in 2009. Bloomberg is ordering all city agency heads to cut their budgets by 2.5 percent this year and 5 percent next year. Despite the predictions of economic woe, the mayor said the city would continue to offer the $400 property tax rebate and will roll out a few new services, including one that allows online access to 311. Bloomberg also noted that 2008 is the 130th anniversary of the death of Boss Tweed and said it was time to finally put to rest his style of politics.
Mayor Hails City’s Immigrants and Innovation [NY Times]
Mike Takes Baby Steps in City Plan [NY Post]
Photo from nyc.gov.
12:10 = 11:20
11:20 makes the best points here.
They should just privatize the city parks. I once walked into the lobby of Trump Tower and it was VERY clean. If he ran the parks, they’d be clean, too.
NYC is a union town, it’s way to late to discuss that. Most of the city’s expenses are fir mandated programs and services that cannot be cut.
It is also very difficult to fire a city employee unless he/she is found stealing or committing a felony. Even being a drunk can be claimed as a “disability”. The city shrinks the workforce by offering early retirement to older employees. It is not a bad deal for them. The real budget cutting I think will come in the things like funding for new parks and other public works.
When Wall St. tanks, the city’s revenues nose dive. We are so dependent on our hyper-capitalist markets to support our quasi-Socialist public sector.
Thank you my brother. We CAN all get along! 🙂
i think real estate brokers would benefit from Unionization! especially now that the market is tough and you can work all week and not make a dime. I for one am certainly glad that there is unemployment and that all of these real estate sales folks can get 433$/week until the market rebounds!
I’ll agree with that 11:32
Look, can we all just agree that humanity is fucked and life is nasty, brutish and short?
as opposed to the blind meritocracy of the corporate, trough, 11:24?