New York Mayor Bloomberg proposes $68.7 billion budget - New York News

New York Mayor Bloomberg proposes $68.7 billion budget

NEW YORK (AP) -

New York City Mayor Michael Bloomberg is proposing a $68.7 billion city budget that avoids a drop in the number of city teachers while cutting back on city-sponsored child care and other services.

Bloomberg presented his budget proposal Thursday and has two months to negotiate a final version with the City Council.

Bloomberg says hard times for Wall Street firms are responsible for much of an unexpected shortfall that he would plug with a $466 million settlement.

About half the 52,000 children in city-sponsored after-school programs serving low-income neighborhoods would lose their spots under the proposal. Council Speaker Christine Quinn says restoring more than $125 million to those programs and to child-care initiatives is a negotiating priority for her.

The mayor says he, too, is concerned about the program cuts.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Local NewsLocal NewsMore>>

  • Skydiver dies after crashing into NJ backyard

    Skydiver dies after crashing into NJ backyard

    Monday, April 21 2014 10:23 AM EDT2014-04-21 14:23:02 GMT
    A 49-year-old sky diver from Brooklyn died after crashing into the backyard of a home in New Jersey. According to officials, Arkady Shenker wore a specialized parachute during the jump. Shenker was known to be an experienced skydiver who had more than 300 jumps under his belt.
    A 49-year-old sky diver from Brooklyn died after crashing into the backyard of a home in New Jersey. According to officials, Arkady Shenker wore a specialized parachute during the jump. Shenker was known to be an experienced skydiver who had more than 300 jumps under his belt.
  • Easter Bunny train sparks New Jersey brush fires

    Easter Bunny train sparks New Jersey brush fires

    Fire officials say several small brush fires were ignited by a train carrying the Easter Bunny in northwestern New Jersey.
    A train carrying the Easter Bunny in northwestern New Jersey has ignited several small brush fires.
  • Cops: 73-year-old man shoots neighbor in dispute

    Cops: 73-year-old man shoots neighbor in dispute

    Monday, April 21 2014 7:37 AM EDT2014-04-21 11:37:28 GMT
    A 73-year-old Connecticut man will be appearing before a state judge after being charged with shooting his neighbor three times during an argument on Easter morning.
    A 73-year-old Connecticut man will be appearing before a state judge after being charged with shooting his neighbor three times during an argument on Easter morning.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices