From the NY Post:
Mayor Bloomberg is considering the steepest one-lump budget cut since the post-Sept. 11 economic crisis, The Post has learned.
Faced with a $5 billion projected deficit next year, mayoral aides are discussing how to achieve savings of about 10 percent in the $66 billion budget for fiscal 2011, sources told The Post.
Later this month, Bloomberg is scheduled to unveil the latest modification to this year's budget.
At about that time, he's also expected to release a letter from Budget Director Mark Page directing commissioners to produce options for a double-digit cut -- which would be the most ever requested in a single lump since 2002.
Bloomberg aides stressed that a decision hasn't been made on the exact figure.
Photo from New York Shitty:
Appropriately enough, it is on a rotting fence gracing a derelict construction site slated to be a high rise: Bloomblight.
May your four years as a lame duck (and a highly unpopular one at that) be interesting ones. I hope it was worth it. I look forward to documenting them. Your purported “achievements” are a gold crown in a mouthful of decaying teeth. I should know; I live in one of the abscesses.