Mayor de Blasio Aug. 12 said his administration was preparing the administrative process to lay off up to 22,000 city workers by Oct. 1 unless significant Federal aid and/or union concessions allowed him to close a $9-billion budget gap without such a drastic step.
Asked during his daily press briefing whether this was "fear-mongering" after the state turned down his request to authorize greater borrowing capacity, he replied, "We all hoped and prayed there would be a [Federal] stimulus. That appears dead now. We are going to Albany to ask for appropriate long-term borrowing capacity that would stave off the layoffs. If we don't have that, we are going to keep working with labor looking for every solution, every kind of savings."
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