Mayor Bill de Blasio unveiled his $73.9 billion budget plan Thursday, including a projected 10% raise for the city's workforce over the next seven years and an 8% decrease in small-business fines.Their pay raise is your tax increase.
Mr. de Blasio described his budget as both progressive and "fiscally prudent," a stance that he said would allow his administration to spend on programs that serve his liberal agenda of more affordable housing and expanded prekindergarten, among other programs.
"This is a cautious document on purpose," Mr. de Blasio said at the end of his hour-long budget presentation at City Hall, adding that his budget takes "a careful stance to protect against future disruptions," such as another economic downturn.
Thursday, May 08, 2014
Crain's New York reports:
Posted by Steve Bartin at 7:02 PM