The New York City Council has passed a budget for the coming fiscal year, which begins Thursday, July 1.
Lawmakers approved the $63 billion budget Tuesday evening. It includes about $1 billion in cuts, including slashes to jobs and services. The spending plan does some jobs and fire companies that had been on the chopping block.
“We found ourselves struggling beneath an avalanche – the persistent economic downturn; the declining federal stimulus dollars; the limited state resources – all this led to us ultimately being left with practically no tools to rebuild our City after being hit by such a historic financial crisis,” Council Speaker Christine Quinn said. “Nonetheless, through a thoughtful, deliberate process, we agreed to a fiscally responsible, timely budget.”
The budget will also keep the city-owned outdoor pools all summer though Labor Day.
The city will not raise taxes, so to raise revenue it will increase parking rates to $2.50 at some parking meters, add a new application fee for TV and movie productions, and raise fees at the city clerk’s office.