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Library Journal is reporting that New York City libraries are facing budget cuts:
Along with nearly all other city agencies, New York City libraries are facing a 15 percent spending cut in the wake of the World Trade Center attack, which may cost the city $1 billion in lost revenue. Agencies \"can’t spend all the money they thought they could spend,\" said Mayor Rudolph Giuliani, noting that the city had lost significant revenue from hotel, restaurant, and retail sales taxes.