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Tough financial times has the New York City Opera taking a closer look at its business model.

Manhattan »

The group traveled to Albany to protest budget cuts.

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A new analysis of the mayor's preliminary budget also says that homeless shelter costs could soar.

Manhattan »

City agencies were informed Wed. that they must find ways to cut their spending by at least another 2 percent.

Manhattan »

Bloomberg warned of more harsh cuts, but said he was "optimistic" about a deal on merit-based teacher layoffs.

Manhattan »

Mayor Michael Bloomberg is seeking to lay off 4,666 teachers and lose another 1,500 through attrition.

Manhattan »

Mayor Michael Bloomberg warned of thousands of city layoffs if the budget proposed by Gov. Cuomo is passed.

Manhattan »

Mayor Michael Bloomberg said Tuesday's budget plan strips the city of nearly $2 billion in state funding.

Manhattan »

Despite predicting higher tax revenue, the Independent Budget Office said a drop in state funding could erase any gains.

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Cuts include 6,166 teaching positions, 350 civilian police positions and layoffs at numerous departments.

Manhattan »

At least 2,000 teaching jobs and an unknown number of non-teaching positions will be slashed in 2011.