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http://www.businessweek.com/ap/2012-11-12/nyc-says-budget-cuts-wont-hurt-storm-relief

AP News

NYC says budget cuts won't hurt storm relief


NEW YORK (AP) — New York City officials say storm relief efforts won't be hurt by $2 billion worth of planned cuts in city spending.

City agency heads were told back in September to come up with cost-cutting measures to close a projected deficit.

Officials have submitted a November update to the city's financial plan, and it includes no reductions in headcounts at the police or fire departments.

A spokeswoman for Mayor Michael Bloomberg says critical services including all Superstorm Sandy relief will be maintained.

The roughly $70 billion city budget for this year is balanced. But it included $635 million from a failed plan to sell taxi medallions. A judge struck the plan down in August.

Besides that gap, a $2.5 billion deficit is forecast for next year.


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