"The budget that we're going to show you hurts everybody," Mayor Michael R. Bloomberg said in addressing a projected $4.8 billion deficit.
Late Wednesday, the board released a statement saying that it was "currently addressing a projected budget shortfall" and was confident that it could "mitigate or eliminate the shortfall using its own resources".
The first phase cuts $21 billion in the 2012 fiscal year to address a projected deficit of $1.1 trillion in a budget with outlays of roughly $3.6 trillion.
This week, Gov. Arnold Schwarzenegger will present a budget for the coming fiscal year that must address a projected shortfall of at least $14 billion.
Since comfortably winning a third term last month, Mr. Rowland, a Republican, has had to face the prospect of filling a $500 million hole in this fiscal year's $13.2 billion budget as well as preparing to address a projected shortfall of $1.1 billion next year.
In Oregon, Gov. Theodore R. Kulongoski, a Democrat, negotiated with Republicans in the State Legislature to win passage of an $800 million package of tax increases to address a projected $1 billion budget shortfall.
On Tuesday, he declared a state fiscal crisis and said he would order the Legislature into session next month to address a projected $7 billion budget gap for the coming two years.
In his effort to address a projected $5 billion deficit, Mayor Bloomberg has also called for cuts that would eliminate more than 6,000 teaching jobs and lead to the closing of 50 centers for the elderly and 16 day care centers.
"I think every state thinks it's going to be severe," said Gov. Jane Dee Hull of Arizona, a Republican who has called a special legislative session this month to address a projected $1.6 billion shortfall in her state's $15 billion budget for 2002 and 2003.
The service is under pressure to deliver greater efficiency to address a projected £30bn annual shortfall by 2020.
Another report by the Accounts Commission in 2010 said the council needed to make improvements to address a projected three-year funding shortfall of about £56m.
