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Mayor Michael Bloomberg said Friday that New York City may have to cut tens of thousands of jobs and it may have to increase the sales tax to make up for the city's $4 billion budget shortfall in the fiscal year that begins in July.
The public school system would suffer. If new aid does not come from the state, 14,000 teachers could lose their jobs. Most of the remaining 9,000 positions would be lost through attrition and about 1,000 layoffs.
The city will also save nearly $1 billion by cutting services and taking other actions. Reductions will be felt in the fire and police departments and at senior centers, among other areas. Some parking meter rates will increase, and the city will increase health code enforcement at "unsanitary restaurants."