Forecasting a nosediving economy, Mayor Bloomberg on Wednesday proposed raising taxes, canceling rebates and using layoffs to plug the expanding budget gap.
Homeowners would say goodbye to the the $400 rebate that's supposed to go out this month, as well as pay higher property taxes under the mayor's revised budget plan for this year.
Aides already revealed the city plans to cut 3,000 jobs - including issuing 500 pink slips.
Mayor Michael Bloomberg: New York City may be forced to raise taxes
* The Sanitation Department hoped to pull in $16 million through a 5-cent fee on plastic bags.
* The NYPD was looking for a $60 million haul from summonses that would be handed out by 234 new traffic agents assigned to ticket "block the box" violations.
* Public-library service would be reduced from six days a week to 5 1/2.
* The Department of Transportation planned to raise selected parking-meter fees from $1 to $2 an hour south of 60th Street to collect $7 million more a year.
$PREADING THE PAIN