30Jan2009
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Bloomberg To Announce $1 Billion In Cuts
* $1 billion in program cuts, affecting virtually every city agency.
* New taxes and fees, including more taxes on clothing, a fee for plastic shopping bags in grocery stores and higher fees for lots of other city services.
* The capital budget will be slashed.
* City employees will be asked to pay part of their healthcare costs.
* There will be a reduction of 23,000 jobs through layoffs and attrition. That’s more than 7 percent of the city’s employees.
Sources say expect fewer cops, firefighters and sanitation workers.
