Layoffs, union savings proposed in NYC budget

NEW YORK - (AP) - New York Mayor Michael Bloomberg is proposing layoffs and other money-saving measures to address the city's budget deficit.

The mayor outlined his plans for the fiscal 2011 budget on Thursday. The next fiscal year begins in July.

Bloomberg's money-saving proposals include layoffs, shuttering four fire engine companies, closing four city pools, slashing library budgets and closing a 24-hour homeless drop-in center.

He also wants to raise commercial parking rates from $2 to $2.50 an hour in midtown Manhattan.

Bloomberg is seeking to bridge a $4 billion deficit for next fiscal year.

He is proposing more than $1.5 billion in savings for this year and next.

To watch Mayor Michael Bloomberg's presentation for the fiscal 2011 budget, go to channel 612 on your iO digital cable box and select iO Extra.

advertisement | advertise on News 12

Trending Video

A body was found in the wooded area 1 Body found in wooded area near Eastchester bowling alley
NYPD officers gathered Friday in Longwood for the 2 NYPD officers walk for autism in Longwood
April 28 is Superhero Day. News 12 hit 3 Word on the Street: Superhero Day
News 12 asked viewers what they thought about 4 Hudson Valley Talks Trump: First 100 days
A kid from the Bronx is one of 5 Actor from the Bronx stars in '13 Reasons Why'

advertisement | advertise on News 12


Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.