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NY City Mayor Michael Bloomberg unveils 2012 budget in New York

New York Mayor Michael Bloomberg unveiled what he called a "budget full of difficult decisions" that includes the loss of more than 6,000 teachers, in the Blue Room of New York's City Hall, Friday, May 6, 2011. Bloomberg said that while the proposal for Fiscal Year 2012 "presents a balanced budget, New York City will still face budget gaps of approximately $4.8 billion in Fiscal Year 2013, $5.1 billion in Fiscal Year 2014 and $5.3 billion Fiscal Year 2015." UPI/Richard Drew/POOL

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