Yonkers budget unlikely to pass by deadline

Yonkers officials said Tuesday night that it's unlikely they will pass the city's budget ahead of its midnight deadline.

Democrats want a financial stability board, which would take the power away from the City Council and the mayor, while giving power to a control board in Albany. They hope to get money to help schools and save hundreds of jobs.

Republicans want a transitional finance authority that would allow them to keep their power and in the process, free up $20 million for the district. They are hopeful the remainder of the $42 million gap would be made up by a Union give-back.

If the city cannot agree on a budget, then pre-kindergarten and sports programs may be eliminated for the upcoming school year.

Even if officials reach a consensus on a transitional authority, the move requires approval from state lawmakers.

Without an agreement, more than 700 school employees could lose their jobs.

Yonkers protesters bring budget fight to City Hall

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