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.