From the NY Post:
New York is on pace to lose $6.5 million from its program this year, as the market for refuse turns to garbage worldwide, Department of Sanitation officials said.
By the end of the fiscal year on June 30, the city will have spent $15 million to get rid of metal, glass and plastic, an increase of $1.8 million from last year.
It will take in only $8.5 million from sales of recyclable paper, compared to $14 million the previous year, said Robert Lange, director of the agency's recycling program.
The city never made money on anything but paper.