City Comes to Budget Deal; Albany Fight Still On

While lawmakers in Albany have yet to come to an agreement on a state budget for the next fiscal year—despite being nearly three months past deadline—the New York City Council and Mayor Michael Bloomberg agreed on a $63 billion city budget on June 24, and the Council voted to approve the budget today.

In a statement, Bloomberg and the Council announced that the budget was balanced, ahead of its July 1st deadline and doesn’t raise taxes. Still, belt-tightening measures will be taken at every city agency to close a recession-fueled budget gap, the Mayor said in a radio address this weekend.

Comptroller to Talk Budget at Hostos Tonight

Tonight, from 6 to 7:30 p.m., Comptroller John Liu is going to give a presentation on the city's budget at Hostos Community College, Savoy Multi-purpose room, 120 E.149th St. For more information, call (212) 669-3089.