From the NY Post:
Another round of severe budget cuts is just around the corner, Mayor Bloomberg warned yesterday, less than 24 hours after announcing plans to ax 6,200 city employees.
Bloomberg said the $1.6 billion in savings he extracted from city agencies, largely through layoffs, still leaves a $2.4 billion deficit for the next fiscal year. The blueprint for filling that fiscal hole is due in January, when the preliminary budget for 2012 has to be presented.
"So, somehow, in January, we've got to come up with $2 billion more in tax revenues, fee revenues, that sort of thing, or cuts, or what's more likely is some combination," he said on his weekly WOR radio show.