Mr. Stern said the new rules were not intended to increase city revenues.
Year after year, city revenues grew far faster than inflation.
In 1994, city revenue allocated to schools was $3.22 billion.
Soon after came meter maids who, because they were paid less than police officers, increased city revenues further.
The city revenue was 7740 Polish zloty in the year of 1881.
Losing businesses to other cities and states might hurt city revenue more.
Sales tax receipts, which account for half of city revenues, are up more than 7 percent over last year.
Property taxes account for about 24 percent of city revenues.
But income from investments, which has been an important source of city revenues, continued to drop, falling 3.6 percent.
The Council staff estimated the loss in city revenues at about $7 million for the week.