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NY City Mayor Michael Bloomberg unveils 2012 budget in New York
New York Mayor Michael Bloomberg leaves the City Hall Blue Room after he unveiled what he called a "budget full of difficult decisions" that includes the loss of more than 6,000 teachers, 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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