Bloomberg Reaches Deal With NYC Council on $70 Billion Budget
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New York Mayor Michael Bloomberg and the city council agreed on a $70 billion budget that restores day-care and after-school programs for thousands of children and saves Fire Department units from closing.
The budget agreement yesterday for the most-populous U.S. city doesn’t raise taxes and comes before the June 30 deadline marking the end of fiscal 2013. Bloomberg, 71, and the council used unanticipated revenue and savings to restore funds the mayor had cut that would have closed 20 fire companies and reduced child-care and after-school programs.