Bloomberg Says Cuomo Budget Costs City $2.1 Billion
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New York Mayor Michael Bloomberg told Albany lawmakers his city would lose about $2.1 billion and have to waste money on state-required spending formulas if legislators failed to change Governor Andrew Cuomo’s proposed budget.
The mayor’s analysis, which differed from that of Cuomo’s budget office, calculated a $1.4 billion cut to education aid, including about $800 million that Cuomo removed from former Governor David Paterson’s November financial plan. State Budget Director Robert Megna said the mayor’s view was “not realistic.”