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Old 04-08-2009, 04:33 PM
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Default Bloomberg says NYC must lay off thousands

ALBANY, N.Y. - New York City Mayor Michael Bloomberg told department heads Wednesday to identify thousands of city employees for layoffs by next Monday because the city’s economic outlook has continued to deteriorate and tax revenues remain short of projections, according to a letter obtained by NBC News.
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Bloomberg says NYC must lay off thousands - Life- msnbc.com

Last edited by Viralmd; 04-11-2009 at 11:18 AM.. Reason: Copyright violation
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Old 04-11-2009, 11:17 AM
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This has been a long time in coming. NY has been expanding and over spending for years, You think tax revenues are down this year. Wait until next year. Estimated taxes will adjust lower, interest income will be half of what it was this year. Just look at CD rates! The chickens have come home to roost. Of course now with one party government you know taxes will go up.You can't say you didn't see it coming. Yet we still elect the same people to the Senate and Assembly every 2 years.
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