NYC likely to cut more jobs

April 8, 2009 3:35:59 PM PDT
New York City agencies are being asked to cut their budgets again, and that likely means layoffs. Mayor Michael Bloomberg's budget director, Mark Page, told agency heads in a letter Wednesday that they must slash their budgets again for next fiscal year, which begins in July.

CLICK HERE to read the full letter sent by Bloomberg to city agencies.

CLICK HERE to see the mayor's list of reduction targets.

Page said that likely means layoffs, because there isn't much left to cut. Bloomberg has already taken his knife to the budget several times, trimming spending and reducing the workforce.

Agencies must submit their budget proposals by Monday.


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