TRAFFIC ALERT

Climbers on George Washington Bridge snarl traffic

$52.9 billion budget heads to City Council for approval

Mayor Michael Bloomberg and the City Council speaker agreed Tuesday to a $52.9 billion budget just days before the fiscal year comes to an end. The budget proposal, which leaves the city deficit-free

News 12 Staff

Jun 27, 2006, 10:49 PM

Updated 6,534 days ago

Share:

$52.9 billion budget heads to City Council for approval
Mayor Michael Bloomberg and the City Council speaker agreed Tuesday to a $52.9 billion budget just days before the fiscal year comes to an end.
The budget proposal, which leaves the city deficit-free for another year, includes money for new initiatives and restorations to services that had been cut. Services that were cut include cultural affairs and libraries. It also includes $1 billion for a new trust fund to pay health benefits for retired city employees.
The budget will now head to the City Council for final approval.


More from News 12