Today the Mayor presented a financial plan to navigate our city through the economic crisis. These are tough times, particularly for New York’s working families, and by every indication, the economic downturn will grow in the coming months and years.
We at the Council recognize the severity of this situation. Difficult decisions will have to be made and serious steps will have to be taken, and Mayor Bloomberg is right to present an early financial plan and to be looking for new revenue and possible savings.
…