(Corrects paragraph 6 to "through fiscal 2014" instead of "in
fiscal 2014" due to correction from mayor's office)
By Hilary Russ
Jan 29 New York City Mayor Michael Bloomberg on
Tuesday proposed a $70.1 billion budget for fiscal 2014 -- his
last as mayor -- that closes a $1.1 billion deficit without tax
hikes or layoffs.
The mayor's proposed budget calls for the city to spend
$50.7 billion in fiscal 2014 on fire, police, health, education,
pension and healthcare costs.
Of that, expenditures over which the city has control would
drop 1.1 percent, or $254 million, next year from the current
fiscal year, which ends on June 30.
The budget is the last one Bloomberg, a political
independent, will present to city lawmakers before his third and
final term expires at the end of this year.
The gap would be closed in part by rolling over a $500
million cushion the city had set aside this year for legal
claims, and a $200 million rollover from the city's reserve
Bloomberg's plan also would reduce the number of New York
City teachers by 1,800 through fiscal 2014 through attrition,
the fallout from the potential loss of $474 million of state aid
next year because the city and teachers' union have so far
failed to agree on a system to evaluate teacher performance.
A 2010 state law tied education funding to teacher
evaluations. About 99 percent of school districts in New York
state have complied with the new law.
(Reporting by Hilary Russ; Editing by David Gregorio)