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April 9, 2009

Atlantic Yards YES! City Employees NO!!

While Mayor Bloomberg remains committed to subsidizing Bruce Ratner's Atlantic Yards plan to the tune of $205 million in direct cash payments (with more to come if development company CEO Charles Ratner has his wish), city employees are facing the possibility of layoffs:

AP via CrainsNY.com, City agencies trim budgets, layoffs likely

New York City agencies are being asked to cut their budgets again, and that likely means layoffs.

Mayor Michael Bloomberg's budget director, Mark Page, told agency heads in a letter Wednesday that they must slash their budgets again for next fiscal year, which begins in July.

Mr. Page said that likely means layoffs, because there isn't much left to cut.

Since when does sinking money into Bruce Ratner's Atlantic Yards plan, while the City is struggling to retain current jobs, amount to a net gain for New Yorkers?

Posted by lumi at April 9, 2009 4:23 AM