The New York Building Congress says the mayor’s proposed 30% cut to the city’s capital-spending budget will cost 10,000 construction jobs, and is pressuring Bloomberg administration officials to back off their planned reduction.
The Building Congress, which represents companies in the construction industry, is typically an administration ally in support of development. The two sides, however, exchanged competing views of the capital cuts at a Building Congress forum Tuesday morning at the Hilton Hotel.
Some 42 City Council members joined the trade organization’s camp last week, signing on to a letter to the mayor by Councilman Lew Fidler, D-Brooklyn, charging the cut would deal a severe blow to the city’s economy.
Deputy Mayor Robert Lieber said he had yet to see the council members’ letter. But he said the city is faced with rising health care and pension costs that are beyond its control and cuts therefore need to be made in other areas.