It appears that the proposed $7 million in cuts to New York City's homeless youth services budget (60 percent of the program's budget) will be restored to next year's budget to match the previous year's funding.

As we previously reported, Mayor Michael Bloomberg's initial proposed budget would have resulted in the lost of 160 of 259 shelter beds.

The City Council will vote on the new budget later this week.

More after the jump.

We previously reported on New York City Mayor Michael Bloomberg’s proposed budget cuts that would take $7 million from the 2013 budget for the city’s Runaway and Homeless Youth Services. This would directly impact LGBT youth, who make up 40% of the homeless youth population.

More than 150 advocates and homeless youth gathered, Thursday, in front of New York City Hall to protest the proposed budget cuts.

More after the jump.

New York City’s Mayor Bloomberg released the city’s new budget and it cuts a whopping $7 million from New York City’s Runaway and Homeless Youth Services. The budget calls for the elimination of 160 youth shelter beds.

We’re sorry, what?

Instinct Leading Man, Carl Siciliano¸ the executive director of the Ali Forney Center, the leading provider of shelter to homeless LGBT youth immediately released a statement contesting this move on the part of Bloomberg’s administration. More after the jump.