N.Y.C. Would Be Hit Under Gov. Budget Proposal
New York City would take hits in school aid, local government assistance, social services and transportation under Gov. David Paterson's state budget proposal .
The city's school aid would be cut $469 million, and local government would lose $302 million. Paterson said Tuesday the cuts are part of the tough decisions necessary while the state is facing a $7.4 billion deficit. He says cuts to local government aid are less than 0.5 percent of total city revenues, much less than many other communities across the state.
Mayor Michael Bloomberg said the proposal to cut city government funding was "neither proportional nor fair to New York City." He said the city's fiscal year doesn't line up with the state's fiscal year, and the actual impact will be more than twice what Paterson projected in his budget proposal. Bloomberg plans to be in Albany next week to testify on the proposals' effect...
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