This argument flies in the face of at least three realities:
1- There is no city deficit that necessitates any cuts. In fact, surpluses in the city’s budget are expected until at least 2010 – according to the Independent Budget Office’s analysis here.
2- At the same time the administration is proclaiming that declining revenue obligates them to make these cuts, they are also insisting on reinstituting property tax cuts and rebates amounting to $1.25 billion – more than enough to fulfill the city’s promise made last year to increase funding for our schools.
Thanks to Pigs and Fishes Art Services for the inspired visual.