Bloomberg Reflects on City’s Economy
Although the fiscal year 2012 budget is balanced, more difficulty lies ahead. New York City anticipates a budget gap of around $2.5 billion in fiscal year 2014.
New York City Mayor Michael Bloomberg attends the 2012 Made In NY Awards at Gracie Mansion on June 4, in New York City. Stephen Lovekin/Getty Images
By Amelia Pang
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