NY City to fire (4,666) teachers, cut capital spending

NY City to fire teachers, cut capital spendingBy Joan Gralla NEW YORK | Thu Feb 17, 2011 7:18pm EST NEW YORK (Reuters) - New York City Mayor Michael Bloomberg on Thursday unveiled a $65.6 billion budget plan for fiscal year 2012 that calls for firing 4,666 teachers and reducing capital spending 10 percent over the next decade. Bloomberg blamed an approximately $4.4 billion reduction in aid from the state and the U.S. government for painful cuts that have already provoked a clash with school teachers and are certain to draw opposition from other public sector unions. "The future does have...