New York City Mayor Michael Bloomberg’s latest budget proposal would eliminate 4,300 jobs and reduce pay raises for teachers. The pending moves come as the result of a $4.1 billion budget deficit the city is facing. “While we will revisit these decisions as the budget process unfolds in months ahead, I will say that at this [...]
Continue reading...Tuesday, April 14, 2009
Construction industry lobbying group the New York Building Congress says Mayor Michael Bloomberg’s proposed 30% cut to the city’s capital spending budget will cost 10,000 construction jobs. The group predicted last year that 30,000 construction jobs would be lost in the city through 2010. Forty-two City Council members signed a letter to the mayor by Councilman Lew [...]
Continue reading...Wednesday, February 4, 2009
Bloomberg will cut 100 television & radio jobs in its first layoffs since it was founded in 1981 by now-New York Mayor Michael Bloomberg. The news and financial data provider will cut the jobs in the US, 45 of them from its newsroom staff. Bloomberg might cut other jobs in Britain, Europe and Japan. The New York [...]
Continue reading...Saturday, January 31, 2009
Long Island is suffering from “alarming” job losses, which will be compounded by Mayor Michael Bloomberg’s projected 300,000 job losses in New York City over the next two years, according to ecperts. “This is a big hit on the economy,” said Martin Melkonian of Hofstra University. “It’s pretty grim on Long Island because we’re very connected [...]
Continue reading...Friday, January 30, 2009
New York City Mayor Michael Bloomberg’s executive budget, released today, shows a $4 billion deficit for 2010, a huge fiscal gap that he proposed addressing with a city sales tax hike and more than 20,000 job cuts. The mayor painted a bleak economic picture, saying Wall Street firms are expected to lose $47.2 billion in 2008 [...]
Continue reading...Friday, January 16, 2009
New York’s ex-Democrat, current-Republican Mayor Michael R. Bloomberg plans to create 400,000 new jobs over the next six years. He plans to recommend revisions to the city tax code to help businesses grow, without adding to the city’s deficit, which is estimated to reach $4.3 billion in the next fiscal year. Bloomberg will run for a third [...]
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Friday, January 29, 2010
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