By Jeffrey Mays, includes “… All aspects of New York City life will be affected: Public pools will be closed; sanitation pickups will be reduced. Fewer police traffic agents will be deployed at intersections; overnight service on the Staten Island Ferry will be reduced. … City officials had to dip into savings to balance the budget, drawing $900 million from the general reserve, $250 million from the capital stabilization fund and $2.6 billion from the retiree health benefits fund [emphasis added]. …”
Read the full article on: The New York Times