From the NY Times:
With his plan to sell 2,000 new yellow-taxi medallions still in doubt, Mayor Michael R. Bloomberg has proposed slashing money for libraries and after-school programs and increasing fees on school lunches and parking meters to compensate for more than $600 million in lost medallion revenue.
Mr. Bloomberg’s budget proposal does not reflect additional costs related to Hurricane Sandy, disaster relief or the storm’s effect on the local economy. Yet the storm will no doubt loom large when the mayor releases his budget plan in January or February for the 2014 fiscal year.
Instead, the new proposal — which, in an unusual move, was posted to the city’s Web site late Friday night but not announced until Sunday — represents a contingency plan to cope with a budget shortfall that must be addressed before the end of the fiscal year, on June 30.
Among other proposals, the Bloomberg administration plans to increase school-lunch fees to $2.50 from $1.50, bringing in $4.4 million. The administration plans to establish new parking meter areas in Lower Manhattan, while installing 428 new multi-space parking meters, to gain an extra $2.2 million.
But libraries across the city are slated to lose $8.3 million.