The mayor and the City Council have agreed on a budget for 2012. The City Council will vote on it next week. It goes into effect on July 1st.
4,100 teachers will not be laid off, and twenty firehouses will not be closed. Taxes won't be increased, and the budget will use the approximately $3.6 billion left over from the previous budget and the approximately $700 million that's in the Retiree Health Benefit Trust.
Schools and adult-literacy programs will lose employees through attrition (quitting or retiring), 200 case workers were restored to the Administration for Children's Services as well as other positions, some senior centers and day care programs were eliminated, public pools will be open (for a full season, starting Wednesday, June 29th), and libraries will be open five days a week, down from six.