A day after announcing $1.6 billion in budget cuts that include thousands of layoffs, Mayor Bloomberg said that there's still going to be a $2.4 billion deficit for the following fiscal year...which means residents (and city employees) should expect to feel the crunch. He said on John Gambling's radio show," Somehow, in January, we've got to come up with $2 billion more in tax revenues, fee revenues, that sort of thing, or cuts, or what's more likely is some combination." Correction officers union head Norman Seabrook told the Post about his idea for raising money: A tax for tourists coming to NYC, "There's only one New York. Where else are they going to go?"
Bloomberg Warns Of More Budget Cuts
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