New York Mayor Michael Bloomberg plans to present a preliminary budget that will cut 4,286 employees from city payrolls for the 2011 fiscal year beginning July 1, administration officials said.

The administration intends to fire 934 workers and reduce 3,352 through attrition, according to the plan. No police, firefighters, sanitation or corrections officers would be affected. The city’s workforce exceeds 300,000.

The mayor wants to prevent eliminating 2,500 educators by proposing they reduce raises in the next two years for teachers and principals, to 2 percent from 4 percent for the first $70,000 in pay, said the officials, who work for the mayor and requested anonymity before the proposal’s official release.

“The mayor’s preliminary budget will acknowledge that while the economy has improved the city’s fiscal standing, it hasn’t improved enough to avoid difficult choices and real consequences,” said Deputy Mayor Edward Skyler in a prepared statement released by the mayor’s press office.

Source: Business Week Continue reading this article here