Mayor Bill de Blasio warned that without aid from Albany and Washington, as well as concessions from labor groups, every department would face unprecedented job cuts
New York City Mayor Bill de Blasio says the city has already lost roughly $9 billion in revenue due to COVID-19 and predicts the toll could rise much higher.New York City Mayor Bill de Blasio says the city has already lost roughly $9 billion in revenue due to COVID-19 and predicts the toll could rise much higher.
Speaking Wednesday, Mayor Bill de Blasio said the city has already lost roughly $9 billion in revenue and predicted the toll could rise much higher depending on the lingering impacts of the disease and the pace of the economic recovery. In the short-term, he said city officials are racing to cut an additional $1 billion from the spending plan for next year."The last resort would be layoffs and furloughs, taking away the jobs of city workers. But we are running out of options here, that is the blunt truth."
In all, de Blasio said 22,000 positions are vulnerable."That is a staggering number," he said, noting that the first lay-offs would come in the fall.Many state and local officials have been lobbying Washington for an additional stimulus package aimed at bailing out governments that have seen tax revenues evaporate."We all had the hope there would be a federal stimulus plan by now," he said. "It's quite clear that's not happening.
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