We Are All Bond Up Together

The Daily News’ Adam Lisberg shows what raising bonds for what could be the most expensive subway stop of all time means for this year’s city budget:

So next year’s budget includes $83.3 million to pay for the 7 train extension, even though it’s highly unlikely all of it will be spent.

At the same time, the budget closes four FDNY companies to save $5.6 million. It closes a center for the homeless to save $2.4 million. It closes four swimming pools and shuts the rest down two weeks early to save $1.4 million.

It also lays off 834 city workers.

The city can’t afford to pay their salaries anymore, but it can still afford to set aside money in reserve to impress the bond markets. It’s cold comfort to those workers, but the bankers will be happy.