Bloomberg holds line on taxes in '13 budget
Photo credit: AP | New York City Mayor Michael Bloomberg presents the Fiscal Year 2013 preliminary budget. (Feb. 2, 2012)
No tax increases, no teacher layoffs, no cuts to uniformed services.
At a time when other cities are struggling, that was the good news in Mayor Michael Bloomberg's preliminary fiscal year 2013 balanced budget of $68.7 billion.
But over the next 17 months New York City will have to come up with plans to plug a looming $3 billion budget gap and grapple with the "ticking time bomb" of...
