(Reuters) - Amid an uncertain economic climate, New York City agencies must cut spending by a total of $2 billion in the current fiscal year and the following one, according to a budget memo issued on Friday. "We will once again need to curtail planned spending, and do so in a way that prioritizes and preserves necessary City services and quality of life," Budget Director Mark Page said in a separate letter to the agencies. The memo said the city might not get the additional revenue expected from the sale of taxi medallions under a plan to expand taxi service because a court ruled against the plan in August. The medallion sales were expected to produce $635 million in the current budget,...
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