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Tough financial times has the New York City Opera taking a closer look at its business model.
The group traveled to Albany to protest budget cuts.
A new analysis of the mayor's preliminary budget also says that homeless shelter costs could soar.
City agencies were informed Wed. that they must find ways to cut their spending by at least another 2 percent.
Bloomberg warned of more harsh cuts, but said he was "optimistic" about a deal on merit-based teacher layoffs.
Mayor Michael Bloomberg is seeking to lay off 4,666 teachers and lose another 1,500 through attrition.
Mayor Michael Bloomberg warned of thousands of city layoffs if the budget proposed by Gov. Cuomo is passed.
Mayor Michael Bloomberg said Tuesday's budget plan strips the city of nearly $2 billion in state funding.
Despite predicting higher tax revenue, the Independent Budget Office said a drop in state funding could erase any gains.
Cuts include 6,166 teaching positions, 350 civilian police positions and layoffs at numerous departments.
At least 2,000 teaching jobs and an unknown number of non-teaching positions will be slashed in 2011.
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