NEW YORK—A frenzy of city budget hearings will soon draw to a close and the budget will go before City Council for a vote, a little later than usual this year.
Since Feb. 3, when Mayor Michael Bloomberg presented the preliminary $68.7 billion budget for the upcoming fiscal year, negotiations have been taking place between the mayor’s administration and City Council.
Hearings have intensified over the past several weeks, with agency commissioners and other high-level officials going before the council to discuss finances and other issues.
According to the nonpartisan Independent Budget Office, negotiations usually conclude by June 5, with the council then voting to approve the budget, which must be balanced. This year, several delays in the process will place the last meeting on June 6, with a full City Council meeting on June 13. Not passing the budget rarely happens, according to the budget office. The 2013 fiscal year begins on July 1.
Transportation and technology expenses will be eyed on Tuesday in the next executive budget hearing, beginning at 11:15 a.m. at 250 Broadway.
The Epoch Times publishes in 35 countries and in 19 languages. Subscribe to our e-newsletter.