New York City may put off some tough financial decisions until next year as the City Council and mayor's office finish negotiations on a fiscal 2009 budget that could be passed this week. The new fiscal year begins on July 1.

When Mayor Michael Bloomberg presented his $59.1 billion budget last month, he said that a popular property-tax cut worth $1.1 billion would only be extended in the next fiscal year if the city could afford it.

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