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NY 1Though details are still coming in, City Hall sources have said that there will be no teacher layoffs in the new budget.
Additionally, the 20 fire companies on the chopping block are expected to be spared, as well.
A news conference with Mayor Michael Bloomberg and City Council Speaker Christine Quinn could be happening later tonight.
Previously, the mayor had proposed laying off as many as 4,000 teachers. Today’s deal will include hundreds of layoffs for other city workers to save the city about $269 million, though it’s unclear where those cuts will arise.
Read more:
http://www.ny1.com/content/top_stories/141677/teachers--fire-companies-to-be-spared-in-budget-cuts
Deal Reached to Avert New York Teacher Layoffs
http://www.nytimes.com/2011/06/25/nyregion/deal-reached-to-avert-new-york-teacher-layoffs.html?_r=1&ref=nyregion