The Mayor has said those cuts total $100 million more than what he expected.
The cuts would total 4,700 workers, with about 2,495 through layoffs.
The cuts total about $107 million of the $1.7 billion budget for the fiscal year that began on July 1.
Those cuts will total more than $1 billion, or nearly half the deficit, one aide said.
By 2005, the cut will total $933 million annually.
Until late last week, school officials said, they thought those cuts, totaling about $166 million, would be enough to satisfy the city.
The cuts could total as much as $200 million in a $34 billion budget, his aides said.
If enacted, the cuts would total about $1.2 billion.
Now the agency is being forced to make cuts totaling $100 million yearly.
The largest cuts, totaling $400.6 million, are proposed in the area of station rehabilitation.