Mayor and City Council speaker agree on budget that will benefit BX residents

Mayor Michael Bloomberg and City Council Speaker Gifford Miller agreed Tuesday to a $50.2 billion budget that will benefit Bronx residents.

The agreement comes just days before the June 30 deadline. The proposed budget bridges a $3.1 billion deficit and paves the way for $500 million in tax relief. In addition, more than $200 million will be restored to library services, cultural affairs, programs for the elderly and minority employment initiatives.

The proposed plan will now go to the City Council for approval.

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