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FOR IMMEDIATE RELEASE
PR- 026-10
January 19, 2010

STATEMENT OF MAYOR MICHAEL R. BLOOMBERG ON 2010-2011 NEW YORK STATE EXECUTIVE BUDGET PROPOSED BY GOVERNOR PATERSON

“Not only is New York City willing to do its fair share to help Albany get out of its financial mess, but we’re eager to do so. An implosion of State government would have horrible consequences for the City. Some areas of the Governor’s budget proposal today appear, at first glance, to be proportional and fair in the way they affect New York City, and he deserves credit for those areas. Unfortunately, the proposal to eliminate two years of New York City’s revenue sharing payment – more than $650 million, which is 94 percent of the statewide cut and more than 15 times the cut for entire rest of the state together –  appears neither proportional nor fair to New York City. I’m going to Albany to testify about the specifics of the Governor’s proposed budget on Monday, and will speak in detail then about the effect this and other parts of the budget will have on New York City.”







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