NYC Mayor to furlough himself and over 400 staffers amid financial crunch

·1-min read

New York City Mayor Bill de Blasio announced he and hundreds of other city employees will go on furlough for a week in an effort to save money.

The maneuver comes as New York City faces budget shortfalls caused by the coronavirus pandemic.

The city is facing a $9bn two-year revenue shortfall resulting from the economic shutdown in March and April.

The New York Times reported that the furlough will affect nearly 500 mayoral staff members and generate $860,000 in savings for the year.

Mr de Blasio said that his office had no plans to implement pay cuts for himself or other staff members.

"[There are no plans for pay cuts for any New York City employees right now, whether it's City Hall or any place else, but we never know what the future brings," he said. "We're going to be in a horrible budget situation for years, so this borrowing capacity is to give us a fallback no matter what happens up ahead."