The Round-Up: Thursday

Paterson’s $5.2 billion in proposed budget cuts would seriously hurt schools, cutting $255 million from NYC schools alone. [NY Times]

An 18-month investigation reveals that half the city’s employment agencies regularly exploit New Yorkers, many of them illegal immigrants. [NY Times]

Former executive director of a Brooklyn Heights nonprofit is accused of stealing more than $500,000 in federal aid meant to go toward feeding poor children. [NY Times]

A simpler, cheaper solution to the mortgage crisis: each month for five years, the Treasury pays the first $250 of every American’s mortgage. [NY Times]

City officials to reach out to struggling Bronxites with a series of events meant to inform them of their options when facing foreclosure. [NYDN]

The number of drivers using MTA’s bridges and tunnels have fallen for 12 consecutive months, with the number of commuters down 7 percent between last month and September. [NYDN]

Willets Point plan set to get the thumbs up from City Council today. [NYDN]

Springfield Gardens elementary school receiving new $150,000 kitchen after going without one for decades. [NYDN]

Beautifully innovative buildings have sprouted up around the High Line like nowhere else in the city, but will they make any money? [NY Post]

Gimme Shelter: Justin Timberlake snags a $5.25 million Tribeca condo; High Jackman and his wife grab a Perry Street spread for $21 million with interiors redesigned by Richard Meier; Joel Klein grabs a Snag Harbor compound for $2 million; Tommy Mottola sells his Westchester estate for $15 million. [NY Post]

Transportation Alternatives calls for reducing Broadway in the UWS from four lanes to six in order to make the street safer for bicyclists. [NY Post]

Claims for state unemployment benefits jump to their highest levels in seven years. [WSJ]

The Round-Up: Thursday