Uk news New York City mayor furloughs himself for one week without pay London news
MetiNews.Com - New York City's mayor Bill de Blasio will furlough himself and all of his staff for one week from October 1 without pay. The move is part of an effort to close a budget shortfall created by the pandemic . The coronavirus outbreak had caused the city to lose $9 billion in revenue and forced a $7 billion cut to the city's annual budget, Mr de Blasio told reporters.
Breaking News ! ES News email The latest headlines in your inbox twice a day Monday - Friday plus breaking news updates Enter your email address Continue Please enter an email address Email address is invalid Fill out this field Email address is invalid You already have an account. Please log in. Register with your social account or click here to log in I would like to receive lunchtime headlines Monday - Friday plus breaking news alerts, by email Update newsletter preferences New York City's mayor Bill de Blasio will furlough himself and all of his staff for one week from October 1 without pay. The move is part of an effort to close a budget shortfall created by the pandemic . The coronavirus outbreak had caused the city to lose $9 billion in revenue and forced a $7 billion cut to the city's annual budget, Mr de Blasio told reporters. The furloughs will save only about $1 million, the mayor said, but may serve as a useful symbol as he continues to negotiate with labour unions representing municipal employees over broader payroll savings. Mr de Blasio plans to work without pay during his own week-long furlough, The New York Times reported.
. "To have to do this is painful for them and their families, but it is the right thing to do at this moment in history."
The policy will affect 495 staff (Getty Images)
With the furloughs and other savings, the mayor's office budget this fiscal year will be 12 per cent smaller than it was last year, Mr de Blasio said, though he did not provide absolute totals.
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The policy will affect 495 staff, the Times reported, and the week-long furloughs will be staggered among them between October and March 2021.
Mr de Blasio has warned he may have to lay off 22,000 city employees if savings cannot be found in the negotiations with the labour unions.
He is also seeking greater borrowing power from state lawmakers in Albany, New York state's capital, who have been resistant so far.
Source = MetiNews.Com