New York City’s embarrassment of a Mayor Bill de Blasio just announced that the city is so desperate for cash – he’ll be pausing his $258,541 annual salary … for a week.
The mayor announced his entire office which consists of nearly 500 employees, including his wife and himself would be furloughed for a week as the terribly run liberal city looks to save an expected $860,000 with the move.
“We have to make tough choices to move this city forward and keep our budget balanced,” de Blasio told reporters. The city has been facing a roughly $9 billion budget deficit since the coronavirus pandemic started in the earlier months of 2020.
He added that the “current fiscal year budget is $7 billion less” than what the city projected in February. New York City lost $336 billion in the fiscal year ending June 30, according to an August report.
The mayor’s office budget will be 12% less this fiscal year compared to last year’s, which ended in June. De Blasio, however, has no plans to reduce his own salary to help with the cost savings.
This news comes shortly after reports that Mayor Bill de Blasio’s wife has personal staff whose incomes total more than $1.1 million.
Still, de Blasio puts the blame on the federal government for taking to long to give him a bailout like he thinks he deserves.
“I couldn’t have imagined no action by Washington, D.C., up until this point,” de Blasio said. “I thought it would be an article of faith that there would be a federal stimulus, but there hasn’t been, and I see no indication that there will be for the remainder of this year.”
The mayor has floated plans to lay off 22,000 city employees in October, but talks on those have stalled for now.
The mayor’s office found $12 million in savings over previous budgets, he said.
“We’ve already had to make some tough cuts that have affected this city and the services we provide. We’re tried everything we can to stop from those cuts becoming worse. We don’t want to take away jobs from public employees, we don’t want to take away services from communities that need [them],” de Blasio said.
He added that New York City will continue to fight for a stimulus bill from Washington and borrowing from the state government.
The mayor mentioned later, while taking questions from reporters, that the city is “looking for every possible way to make the moves that [it] can make while continuing the conversations with long-term borrowing,” but a property tax on wealthier individuals is according to him, “off the table, period.”
Much of New York city’s tax income comes from the top 1% of New Yorkers – a demographic which largely abandoned the city when it became a hub for the spread of coronavirus.
New York’s Gov. Andrew Cuomo in August desperately pleaded with these wealthy individuals to return and pay taxes in the big apple, going as far as offering to “buy them a drink,” if they came back.