2007_06_bloombquinn.jpgThe Mayor and City Council agreed on a $59 billion budget that will use $4.4 billion in surpluses to offer tax breaks as well as more library hours and funding for CUNY. Highlights:

While Mayor Bloomberg and City Council Speaker Quinn may have been double-kissy about the deal, Quinn did not get the $300 rebate for renters she had hoped for; still she said, "Sometimes you put ideas out there and it takes more than one budget cycle to get them implemented." The budget goes into effect July 1.