This Will Be Difficult, Even For A Master Statesman Like Mayor Bloomberg
With just weeks to go before the start of the next fiscal year, the city budget gets really interesting:
Posted: June 9th, 2009 | Filed under: Everyone Is To Blame HereThe Republican insurrection in Albany could have devastating consequences for city schools and the budget, which both need legislative action by the end of the month.
If lawmakers don’t pass a half-point hike in the city sales tax, Mayor Bloomberg and the City Council will have to plug an $887 million budget hole with deep cuts or a property tax hike.
And city schools would technically revert to control by a Board of Education that no longer exists.
“We would be in uncharted waters,” Bloomberg said last night. “We would have to consult with the lawyers. But the city’s going to go on.
“We will find a way to make sure that we can continue to keep essential services going.”