Bill de Blasio’s First Budget Full of Uncertainty

Bill de Blasio announcing two new appointments today.
Bill de Blasio announcing two new appointments today.

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. Continue reading “Bill de Blasio’s First Budget Full of Uncertainty”

Independent Budget Office Suggests Boosting Taxes on Beer, Liquor and Plastic Surgery

The IBO thinks the city should boost taxes on liquor, wine and beer. (Photo: AFP PHOTO /  LIONEL BONAVENTURE/AFP/Getty Images)
The IBO thinks the city should boost taxes on liquor, wine and beer. (Photo: Lionel Bonaventure/Getty)

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. Continue reading “Independent Budget Office Suggests Boosting Taxes on Beer, Liquor and Plastic Surgery”

Report: AIDS Spending May Force Cuts In Other Agencies

 Report: AIDS Spending May Force Cuts In Other AgenciesAs 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. Continue reading “Report: AIDS Spending May Force Cuts In Other Agencies”