BUSINESS
03/01/2009 05:12 am ET Updated May 25, 2011

Bloomberg To Cut 23,000 Jobs In NYC

Mayor Bloomberg's bare-bones budget for next year slashes the city work force by 23,000 but won't hit homeowners with higher taxes, officials revealed Thursday.

His spending plan hinges on cooperation from the cash-starved federal and state governments and stubborn unions, a shaky proposition.

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