Mo' Money Mo' Problems
Mayor Bill de Blasio will lay out his first preliminary budget proposal this afternoon, outlining his spending priorities and the fiscal challenges he’ll be facing over the next four years.
But the big question will be how Mr. de Blasio sets the stage for negotiations with the city’s more that 150 municipal labor unions, which have been operating for years under expired contracts–leaving tens of thousands of municipal workers itching not just for future pay hikes, but retroactive raises.
The city’s Independent Budget Office has some ideas for incoming Mayor-elect Bill de Blasio to boost revenue and save cash as he prepares to take the reins of City Hall.
As part of its annual wish list, the group has suggested boosting the city’s tax rate on alcohol–and adding new tax on wine–to rake in nearly $50 million in extra revenue a year.
As the annual scrap over New York’s next budget gathers steam and agencies nationwide grow wary of cuts mandated by the failure of the “supercomittee”, care for city AIDS patients remains to look secure. The Independent Budget Office has just released a report detailing how changes in the AIDS patient population and the nature of the disease will most likely force City Hall to look for savings elsewhere.