September 23, 2008
Bloomberg Asks Agencies to Tighten Belts to Tune of $500 Million
Mayor Bloomberg isn't kidding when he says, "This is not going to be a feel-good time." He asked city agencies to trim their budgets. WNBC reports the request is to "cut $500 million from their budgets this year and $1 billion next year," as Bloomberg prepares the city for less revenue, due to Wall Street's dwindling fortunes (he's been on this train of thought for a while). Apparently these cuts are equivalent to 2.5% of budgets this year and 5% next year. Last year around this time, Bloomberg wanted agencies to be careful with spending.
| 
add to stumble upon
add to reddit
email this
add to facebook
add to del.icio.us
Advertisement: Gothamist Continues Below!
Post a comment (Comment Policy)
[ report this ]
What sucks about this is the only agencies who would be willing to be conscientious and pull their belt strings a little tighter are the ones who probably aren't being wasteful in the first place. So some well run org will suffer while a bloated, corrupt org will be business as usual.
*cough* *cough* MTA
[ report this ]
how bout curbing the critical mass budget?
[ report this ]
sure sure curb... and I am paying for 2,000 cops at an over-hyped yankee game...oh wait, arent we paying for the new venue? I know i know they say we arent, but i think we are in the end.
[ report this ]
hmm, valid point coaster, how about we unexempt those bonds from taxes (wow, between this and my last comment, i'm coming off as very bitter about the yankee stadium thing - trying to decide how i feel about that).
[ report this ]
It's actually $1.5 Billion.
[ report this ]
keep the projects - cut the employees - thats where the real waste is in the city