New York City is preparing a major policy statement that will address looming billion-dollar budget gaps through a combination of service cuts, privatizations, and possible agency eliminations, a city official said yesterday.

The official, who spoke on the condition of anonymity, said the city could make the plan public during the next week.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.