ALBANY, N.Y. - New York City Mayor Michael Bloomberg told department heads Wednesday to identify thousands of city employees for layoffs by next Monday because the city’s economic outlook has continued to deteriorate and tax revenues remain short of projections, according to a letter obtained by NBC News. Sources at City Hall said as many as 7,000 more jobs could be eliminated. Bloomberg’s budget... [more]
ALBANY, N.Y. - New York City Mayor Michael Bloomberg told department heads Wednesday to identify thousands of city employees for layoffs by next Monday because the city’s economic outlook has continued to deteriorate and tax revenues remain short of projections, according to a letter obtained by NBC News.
Sources at City Hall said as many as 7,000 more jobs could be eliminated. Bloomberg’s budget plan for next fiscal year, which begins July 1, already included at least 1,300 layoffs; the new round of reductions would bring the likely total to more than 8,300.
http://www.msnbc.msn.com/id/30112001/
No indication that tax revenues - aka incomes - are floundering. No effect on Manhattan real estate.
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Response by mutombonyc
about 17 years ago
Posts: 2468
Member since: Dec 2008
The BananaRepublican @ it again.
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Response by bjw2103
about 17 years ago
Posts: 6236
Member since: Jul 2007
mutombo, what will you do when he gets reelected?
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Response by mutombonyc
about 17 years ago
Posts: 2468
Member since: Dec 2008
bjw2103,
What will I do if he gets reelected?
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Response by bjw2103
about 17 years ago
Posts: 6236
Member since: Jul 2007
Yes, that was the question. Do you need me to retype it?
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Response by mutombonyc
about 17 years ago
Posts: 2468
Member since: Dec 2008
bjw2103,
Its not the same question, your keyword "when" which implies, Bloomberg will win the mayoral election which you, NYC and I don't know the outcome. If Bloomberg is reelected he will assist NYC into further financial gloom.
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Response by bjw2103
about 17 years ago
Posts: 6236
Member since: Jul 2007
Gotcha, my bad. Just trying to understand your anti-Bloomberg-bent.
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Response by mutombonyc
about 17 years ago
Posts: 2468
Member since: Dec 2008
bjw2103,
Don't worry about what I will do, I will be doing better than you LOL if Bloomberg is reelected..
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Response by bjw2103
about 17 years ago
Posts: 6236
Member since: Jul 2007
Oh, you're right, I forgot. LOL is right.
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Response by nyc10023
about 17 years ago
Posts: 7614
Member since: Nov 2008
Nuts - go after pension benefits first. That will save money without cutting services.
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Response by stevejhx
about 17 years ago
Posts: 12656
Member since: Feb 2008
Pension benefits are protected constitutionally. Changes can affect only new hires. Therefore, if you're a cop, you retire after 20 years with a huge pension, not subject to NYC/NYS tax if you remain in the state.
Pensions for overpaid teachers - who work only 8 months of the year, and have no accountability - are likewise protected.
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Response by nyc10023
about 17 years ago
Posts: 7614
Member since: Nov 2008
Yep, alter the friggin' state constitution already. The tax-exempt status is nuts. Either cut jobs or cut benefits and I think the priority should be on benefits.
The BananaRepublican @ it again.
mutombo, what will you do when he gets reelected?
bjw2103,
What will I do if he gets reelected?
Yes, that was the question. Do you need me to retype it?
bjw2103,
Its not the same question, your keyword "when" which implies, Bloomberg will win the mayoral election which you, NYC and I don't know the outcome. If Bloomberg is reelected he will assist NYC into further financial gloom.
Gotcha, my bad. Just trying to understand your anti-Bloomberg-bent.
bjw2103,
Don't worry about what I will do, I will be doing better than you LOL if Bloomberg is reelected..
Oh, you're right, I forgot. LOL is right.
Nuts - go after pension benefits first. That will save money without cutting services.
Pension benefits are protected constitutionally. Changes can affect only new hires. Therefore, if you're a cop, you retire after 20 years with a huge pension, not subject to NYC/NYS tax if you remain in the state.
Pensions for overpaid teachers - who work only 8 months of the year, and have no accountability - are likewise protected.
Yep, alter the friggin' state constitution already. The tax-exempt status is nuts. Either cut jobs or cut benefits and I think the priority should be on benefits.