Another Round of Budget Cuts
Mayor Michael Bloomberg said Wednesday he will eliminate two popular pieces of property tax relief because the city's economy is in distress and can no longer afford it. The sobering budget update, coming amid a national economic slowdown, includes the decision not to start a new class of more than 1,000 police cadets this January.
Mayor Michael Bloomberg said Wednesday he will eliminate two popular pieces of property tax relief because the city's economy is in distress and can no longer afford it. The sobering budget update, coming amid a national economic slowdown, includes the decision not to start a new class of more than 1,000 police cadets this January.
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