New York City faces shortfall on Wall Street weakness

(Reuters) - New York City expects a total budget gap of $495 million for the current and next fiscal years due to weaker profits on Wall Street than previously forecast, although funds from a legal settlement will largely fill the gap, an administration source said on Wednesday.

Source: http://feeds.reuters.com/~r/Reuters/domesticNews/~3/tZJKuUJzICY/us-newyork-budget-administration-idUSBRE8411MM20120502

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