Daily Rants

Bad news for Joe – NYC Police and Fire Fighters Next to Feel Budget Pinch

We just got some bad new for our boy Joe. Looks like NYC is canceling the 2009 Police Academy class.

He was so looking forward to this opportunity.

NYC Police and Fire Fighters Next to Feel Budget Pinch

City Cutting Jobs and Programs in Wake of Wall Street Crisis

With Wall Street revenue dropping and no easy alternatives at hand New York City Mayor Mike Bloomberg tomorrow is expected to announce that in order to close a $4 billion budget gap the city is cancelling the police academy January 2009 class, cutting 500 jobs in parks and education, cutting back nighttime operations at five firehouses and reducing firefighter training, ABC News has learned.

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New York City Mayor Mike Bloomberg is expected to announce that in order to close a $4 billion… Expand

In all, the city will reduce its workforce by about 3,000 jobs through attrition and through layoffs in an effort to close a widening budget gap that is the result of the crisis in the financial markets. Wall Street and related jobs provide an estimated 20 percent of the city’s revenue.

Bloomberg, is expected to explain that the belt tightening is needed as the city budget gap grows to $4 billion for fiscal 2009 and 2010, ABC News has learned. That gap, is now about $700 million greater than the estimate from just a few weeks ago of $3.3 billion.

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