New York City Mayor Bill de Blasio (D) will furlough himself and hundreds of other city employees for a week as the government looks to tighten its budget amid shortfalls resulting from the coronavirus pandemic.
De Blasio's policy is expected to impact nearly 500 mayoral staff members, according to The New York Times, and yield $860,000 in savings this year.
The city is currently facing a $9 billion two-year revenue shortfall because of the toll the pandemic has taken on the local economy.
The head of New York's Citizens Budget Commission said the move to cut the pay or positions of mayoral staff is long overdue....(Read more)
Submitted 3 days ago