CITY ISLAND NEWS EXCLUSIVE
Mayor Mike Bloomberg, Speaker Quinn and Members of the City Council Announce Agreement for an On-Time, Balanced Budget. Bloomberg, Quinn and members of the City Council have finally announced an agreement for an on-time, balanced budget for Fiscal Year (FY) 2013 that includes no tax increases and preserves essential services.
The budget remains balanced through the use of prudently saved prior-year resources, billions in agency savings actions and increased revenues from strong growth in the tech, film and television, tourism and higher education sectors.