Submitted by ub on Mon, 06/25/2012 - 19:32

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.

NYC Budget settlement was reached without any firehouses being closed. More here...