NYC's Bloomberg Warns of Deep Budget Cuts

Wednesday, 19 Jan 2011 02:48 PM

 

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink

NEW YORK (AP) — Mayor Michael Bloomberg is warning in his "State of the City" address that New York's deepest budget deficits are yet to come.

Bloomberg said in his speech Wednesday on Staten Island that spending cutbacks won't stop New York from transforming itself into a city of the future.

He says he is stilling planning development projects and other improvements meant to maintain the city's status as a world capital.

The mayor says the cuts will be made to government services, and he plans to target the pensions of city workers. He also says some capital projects will have to be slowed down or privately financed.

But Bloomberg says he doesn't want to see the city repeat mistakes of the 1970s, when vital city services broke down due to a lack of money.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Mali's Islamists Withdraw Cease-Fire Pledge

Friday, 04 Jan 2013 13:06 PM

Tens of thousands of Fatah supporters rallied in the Hamas stronghold of Gaza on Friday for the first time since they we . . .

Fmr. CIA Director Hayden: Iran Nuclear Crisis Gets 'Scarier'

Tuesday, 17 Jul 2012 18:11 PM

 . . .

Join Fmr. CIA Director for Special Iran Briefing, Assess the Danger

Friday, 13 Jul 2012 12:27 PM

 . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved