Mayor De Blasio says their saving races will be more Federal money for the city’s shortfall in tax revenue due to the virus shutdowns and business limitations….Or the ability to borrow more money….
New York City Mayor Bill de Blasio will delay sending pink slips to 22,000 municipal employeesin the hopes of securing a massive loan from the state government.
“Unions are working hard to find a creative solution, and asked for more time,” said mayoral spokesman Bill Neidhardt.
“If this delay can help us prevent even one layoff, it’s worth it. But this is all just temporary. To stop these layoffs altogether, there is a simple solution: long-term borrowing,” Neidhardt added.
City workers were expected to learn if they’d lose their jobs on Oct. 1 by Monday.
De Blasio announced the potential cuts in June, saying they were necessary to create $1 billion in savings needed to balance the budget with the Big Apple’s coronavirus-starved coffers…..