New York, NY – Mayor Michael Bloomberg and the City Council have reached an agreement on a budget for next fiscal year.
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The $60 billion budget includes a sales tax hike of .5 percent. It also means hundreds of city layoffs and job cuts through attrition.
The state must approve the sales tax increase, along with a few other tax measures.
The legislature in Albany is in turmoil over which party is in control, but city officials don’t believe that will affect the budget matters that need approval.
Also a deal has been reached to save 16 New York City firehouses.
The fiscal year begins July 1. By law the budget for fiscal 2010 must be approved by June 30.
Just keep raising taxes!!!! How about we should gap that anyone that has above 1 Billion Dollars we should tax them 110%.
Don’t kill the middle class
What happend with school vouchers?
Was priority 7 included in budget?
Tax tax tax. I’m ready for some service cuts. Yes I repeat service cuts.
But if the City cuts on services they should also cut the jobs, not give them other jobs.
That tax increase (just one of many) is actually a 12.5 percent increase in the NYC sales tax. The politicians use the lower number to make it sound smaller…
Speaking of politicians, why isn’t Ms. Quinn speaking to Grand Juries about her mis-labeling of those City budget lines? Whatever happened to that investigation?
is there anythng that’s not taxed ?