NYC agencies told to cut $1.75 billion

NO EFFECT ON NYC RE.. nyc10022.. why'd change the handle?

if anything this a positive for our local economy

cfranch, i don't think this means a cut in taxes. just a cut in spending, which while fiscally prudent in the short term will mean less money and employment in the city. it's due to falling revenue, of course, which is never good when it occurs without intentionally lower taxes.

Here's one reason why the city's broke:

http://www.nypost.com/p/news/local/recession_influx_takes_advantage_B6FOZmNkTNo87CFaFuXZfO#ixzz0X4JB7yLu

"Beggars can't be choosers -- unless they're in New York City.
Homeless and unemployed, Kenneth Wecker, 62, moved back from Florida to his native city to take advantage of New York's social services -- but he refuses to live in any of the apartments the city has offered him."

Dude wasn't even living here; he moved back due to NYC welfare and he's picky!!!!!!

This is where our tax $ goes.

dwell, that article boiled my blood!!!!

What chutzpah that schmuck has! How generous can we be with our multi-billion dollar state budget deficit? Yet another reason why I'm leaving new york.....

dwell and NYCROBOT, think. please for a moment think. this guy is and has been living in his car. he is loonier than i don't know what. he needs some meds, and quick. and they are trying to neutralize him and use him as an example of how our system sucks. our system does suck, but this guy is absolutely f'ng off his rocker and he's being FUCKING used to make a point by an unscrupulous journalist. really, is it good journalism to find one frickin' bat case and use it to prove a generalized point? really?

Since you are back to talking to me now, aboutready: Is there a reason you need to curse so much in your posts at the same time you are trying to prove that SOMEONE ELSE is "loony"? really?

How you think this can have any effect on Manhattan real estate is beyond me. Bonuses are pouring in, multiple offers on trophy properties, gold comes out of the faucets here instead of tap water.

Companies are hiring back workers. Everybody who works in the city government gets raises. Teachers get $125,000 a year annualized, free health care, retirement after 20 years. Everyone who has ever worked for the LIRR becomes handicapped.

Can you not see what a wonderful city we have!

BUY NOW OR BE PRICED OUT FOREVER!

I like the cursing ... it's colorful.

Of course you do.

its a sign of a passionate soul

Actually, teachers start at like $52K but there's no reason to use real facts here.

The sarcasm seems to have gone over your head.

That being said, teachers can end higher than steve's number... hell, take the $52k, add a few years of tenure, and then prorate it for summers off... steve's number 'aint so far there, either.

Someone smart predicted this like 2 years ago.

The city outsources many of its services through the non profit network. Non profits are one of the largest employers in the city. reducing the contracts with the non profits will lead to further reduction in employment and tax basis. The city unions and pension's plans are the major burden on the allocation of city tax revenues. Of course the cuts of 1.7 bill is good if it is targeted into areas that do not reduce the tax basis and addresses the areas that exponentially will add to the deficit in the future. It is clear that middle class will move out and what will be left, will slowly change the nature of the city and its cultutal basis. In summarry- not many choices for the Bloomberg's administration which historically raised salaries and pension's cost without any regards to future deficit.
Overseas explains the timing of this posting.

maybe my sarcasm went over your head?

It's a joke, they always go after the same 2% cuts and don't touch where the majority of the costs lie..

A nice way to save hundreds of millions would have been to not give huge tax breaks and subsidies for the Yankees and Mets to build stadiums that they didn't really need.

When that story broke about all the retired LIRR people having disabilities, man that pissed me off. Isn't there someone who has a list of the all the people and their disabilities, and realized that every retired person was claiming disability? A 5 year old could have figured that one out.

Or how about when the MTA laughably had a surplus a few years back? And they made the subway free for a weekend or whatever? LOL, seriously, who makes these decisions!?

they need to cut back on retirement benefits and health care for city workers. They need to model benefits more in line with the private sector. The city cannot afford the current situation.