Mayor Calls for 12th Round of Budget Cuts
Bloomberg wants $2 billion in cuts across all city agencies, about 3% of the total budget, over 18 months.
Layoffs are threatened again.
Most agency heads will be called on for 5.4% of their current budgets and another 8% from next year's budgets. Police, Fire and Correction are facing cuts of 2.7% this year and 4% next year and the Department of Education 1.6% this year and 4% next year.
The mayor projects a $2.5 billion deficit next fitscal year and a $3 billion budget shortfall behind him when he leaves.
The article from the New York Post.