Results tagged “fiscalyear2009”

Last night, Mayor Bloomberg and City Council Speaker Christine Quinn announced that the new $59 billion budget (for the 2009 fiscal year, which starts on July 1) will keep the $400 property tax rebate program for homeowners for a fifth year and increases funding to the Department of Education by $129 million. Still, other sacrifices were made as Bloomberg said, "The news about the economy, and its effects on the City's finances, continues to be very sobering, and this budget reflects the uncertain economic outlook we face."