Bloomberg: We’re On Our Own for the Budget

This morning, Bill Thompson said he’d try closing the city’s upcoming budget gap—estimated at about $5 billion—by eliminating wasteful city programs, ending no-bid contracts, and bringing home more money from Washington and Albany. And maybe even getting the commuter tax re-instated.

Michael Bloomberg today told reporters that bringing back the commuter tax was “so pie in the sky. Nobody thinks that we can get it back. The politics just don’t let Albany do it.”

As for getting more money from Albany and Washington, Bloomberg said that’s not likely either.

Washington “is just not going to bail out the states, and it’s not going to bail out the cities.” Bloomberg said, “We’re just going to be on our own” and “we’re in a situation where you really can’t raise taxes at any level.”