Mayor: State Budget Means More NYC Cuts

The state budget deal will likely restore upward of $136 million in education money to New York City. But Mayor Michael Bloomberg says that's not enough.

He says the city will have to cut further than expected as it prepares next year's budget.

Bloomberg had demanded $600 million in restored funding and rule changes from the state during budget negotiations.

He said Monday that the previous evening's deal had apparently provided the city with only about one-third that amount. He did not rule out increasing the teacher job reductions, already planned to total more than 6,000.

The state education chairs, Assemblywoman Catherine Nolan and Sen. John Flanagan, said Monday most of the $272 million in restored statewide education money will go to New York City and other high needs schools.