Amid what Council Speaker Christine Quinn called “a bit of a hat trick of overrides,” the City Council last night approved a $68.5 billion budget and easily passed three bills that were vetoed by Mayor Michael Bloomberg.
On Monday evening, Mayor Michael Bloomberg and Council Speaker Christine Quinn unveiled a final, $68.5 billion budget for the 2013 fiscal year, one in which most disputed cuts to after-school programs, child care, libraries and firehouses had been restored.
Mayor Michael Bloomberg this morning said the potential loss of $1 billion in taxi medallion revenue could mean a lot of layoffs.
"It would mean a lot fewer workers, I’ll tell you that," he said, during his regular Friday appearance on the John Gambling Show.
Today, city budget director Mark Page said that the budgetary damage from last week's court decision delaying the mayor's borough taxi plan would somehow be absorbed this fiscal year, and would inflate next year's budget deficit to $4 billion.