Citing costs, Bloomberg to nix some street fairs

NEW YORK Mayor Michael Bloomberg said Friday that he wants to scale back the number of fairs as a way of cutting Police Department expenses.

The police spent $4 million on overtime to staff 321 fairs last year.

Bloomberg says he loves the fairs like everybody else, but "it just may be something we can't afford."

The mayor had previously said he also wants to shorten parades in the city and limit them to no more than five hours.