New York City mayor Bill de Blasio has announced he will furlough almost 500 members of his staff, including himself and his wife, for one week in an effort to close a huge budget deficit that has emerged from the coronavirus lockdown. All 495 people who work for Mr de Blasio at City Hall will take a week of unpaid leave at some point between October 2020 and March 2021, according to reporting from the New York Times. The economic shutdown has led to the city suffering a $9bn (£6.9bn) loss of revenue, leading to a $7bn (£5.4bn) cut in the city’s annual budget. While the furlough scheme will only save about $860,000 (£663,000), Mr de Blasio says it has a symbolic purpose of demonstrating willingness to make personal sacrifices. The mayor is currently locked in negotiations with labour unions over payroll savings.
from Yahoo News - Latest News & Headlines https://news.yahoo.com/york-city-mayor-bill-blasio-092609535.html
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