New York City Comptroller William C. Thompson, Jr. today issued the following statement regarding today’s announcement by the Mayor’s Office ordering $1.5 billion in budget cuts:

“As we have seen during recent months, the economy is deteriorating.  Couple the problems on Wall Street with the looming budget gap in FY 2010 and larger gaps in the years to follow and we find ourselves in a dire financial situation.

It is responsible to take action now to address this problem and it is my hope that any reductions will be managed in a way that minimizes the impact on critical services provided to New Yorkers.”

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