NYC's Bloomberg Warns of Deep Budget Cuts

Wednesday, 19 Jan 2011 02:48 PM

 

Share:
  Comment  |
   Contact Us  |
  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 This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
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

 . . .

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

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