Thought For The Day

And keep in mind when reading this that the city budget for the next four or five years* is supposed to hover between $60 and $70 billion:

The state Financial Control Board, which studies the city budget to prevent another 1970s-style brush with bankruptcy, said New York must plug a $23.8 billion hole.

That’s more than twice the size of the budget gap Mayor Bloomberg projected less than two months ago.

*Check it (.pdf)