From the Daily News:
"Based on the Independent Budget Office’s latest economic forecast and revenue and expenditure reestimates under the Mayor’s most recent budget plan, the city will end the current fiscal year with a surplus of $3.15 billion, $64 million less than the Mayor’s estimate. We expect 2012 to end with a small surplus of $84 million. But our projections show the city still faces a shortfall of $4.1 billion in 2013, the fiscal year that starts a little over a year from now, despite IBO’s revenue estimate for 2013 being substantially higher than the Mayor’s."
4 comments:
So why is the Mayor closing firehouses?
So why is the Mayor closing firehouses?
Because he can!
he hasn't closed any fire houses or laid off any public union employees. he is a rino and only posts layoff threats to satisfy the overburdened taxpayers of n.y.c.,who pay the highest taxes in the Nation ,for city employee's pensions.
But our projections show the city still faces a shortfall of $4.1 billion in 2013
Oh No! Time to fire more teachers and other union workers. Heaven forbid New York doesn't wind up as another southern slave state by the time Bloomburg leaves office!
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