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Mayor Bloomberg Restores $7.6 Million to NYC's Library BudgetMayor Michael R. Bloomberg relented June 4 on some of his least popular proposals to balance the New York City budget, including a $7.6-million cut to the city’s three library systems. The loss would have forced many branches to reduce service hours.Less than an hour after announcing the $90.2 million in restorations, Bloomberg signed a bill to raise the city sales tax by one-eighth of one percent, which will net some $120 million more per year. The June 5 New York Times reported that the budget situation was also looking somewhat brighter due to federal-aid commitments and an expected $2.7-billion state aid and tax package. City council voted to extend the budget deadline another eight days to June 13. Posted June 9, 2003. |
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