2008_09_bloombig.jpgMayor 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.