And promises PowerPoint for all!

In a nutshell, Mayor Bloomberg's final budget of this term is a "$48.3 billion budget [that] puts the City on firm financial footing while closing a $3 billion budget gap, maintaining City services and not raising taxes" - according to the press release. Other highlights: The $400 property rebate is back; NYC is still paying $13 billion more in federal taxes and $11 billion more in state taxes than it gets back from either; and NYC should improve its infrastructure.

More tomorrow, but the NY Times calls it a "mostly status-quo" budget in an election year and points out that $300 million for libraries was left out of the budget, thereby giving the City Council yet another thing to bite on.