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Bloomberg Gives Albany An Earful
January 22nd, 2009

You get what you pay for, and in the psyche of Mayor Michael Bloomberg, New York City should get a lot more.

Bloomberg headed a couple hours north this morning to testify at the state Assembly Ways and Means Committee and the Senate Finance Committee on Gov. David Paterson’s proposed budget. The mayor ticked off a number of grumblings (nearly 4,000 words worth), which included a call for rescinding a cut to New York City’s municipal aid.

The city was the only municipality in the state that would have its state revenue sharing eliminated entirely. The mayor also lamented on education cuts to the city, which he estimated would cost $770 million.

This from Bloomberg’s prepared remarks:

“Because of the way these funds are paid to the City, payments of $328 million would be lost in both our current and coming fiscal years. $656 million isnt chump change; its enough to pay the salaries of roughly 9,000 police officers or 10,000 teachers or 11,000 correction officers or 12,000 sanitation workers. Our own budget problems leave us with no cushion to soften a blow of this magnitude. So without a restoration in revenue sharing, we face an additional two-thirds of a billion dollars in new taxes and service cuts, including thousands of State-sponsored layoffs.”

The mayor suggested a number of reforms to Albany that would increase revenue, including reforming the Wicks Law, tort reform, creating another pension tier and rescinding part of the unincorporated business tax, which he mentioned in his State of the City.

The prepared remarks are in full below.

35-09 (State Budget Testimony)

By on January 22, 2009, 11:15 am
In category: Albany,Economy,Gotham City,Governing,nextNY,Public Finance | 1 Comment »

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One Response to “Bloomberg Gives Albany An Earful”

  1. How teacher layoffs would happen, if they come, which they could | GothamSchools Says:
    January 23rd, 2009 at 7:45 pm

    [...] to release his proposed budget for the next fiscal year. Yesterday, though, he was in Albany to lash out at Governor Paterson’s proposed budget for the city, which he said would force him to fire thousands of city [...]

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