Bloomberg Worried About Cut In State Aid
NEW YORK (WCBS 880) - ”Am I worried? Sure I’m worried.” Those are the words of New York City Mayor Michael Bloomberg, who is awaiting the verdict from Albany on how much state aid might be cut.
“I’m sympathetic to the governor. He’s got to make some tough decisions,” says Bloomberg.
The city budget director estimates that state aid reduction might reach as much as $2 to $3 billion.
But Mayor Bloomberg says, “hopefully New York City will not bear the brunt of what, for many many years, has been the state government spending moneys they don’t have.”
The mayor points out the city sends more money to Albany than is ever sent back and he says if there are big state aid cuts, it’ll impact all city agencies.