NYC mayor unveils $70B budget plan
NEW YORK (AP) — New York City's mayor has unveiled a proposed budget that totals just over $70 billion.
The proposal unveiled Tuesday is for the fiscal year that starts July 1.
It's Mayor Michael Bloomberg's final budget plan. This is the term-limited mayor's last year in office.
The mayor's plan usually starts months of negotiations among policymakers, elected officials and advocates. Then the City Council approves a budget.