Mayor Michael Bloomberg announced yesterday that he will leave his successor, Bill de Blasio, a balanced budget. The Bloomberg administration had projected a $2 billion deficit in June. The administration attributed the brighter financial news to better-than-expected tax revenue and savings. The budget does not include the $7 billion in retroactive pay that city unions want and that the mayor-elect will have to negotiate.
Don’t Expect Moreland Report on December 1st, Source Says: The Moreland Commission to Investigate Public Corruption will not be delivering its preliminary report on Dec. 1, as was announced when the commisison was first created by Gov. Andrew Cuomo, a source with close working knowledge of the panel told the Gotham Gazette on Thursday. By David Howard King. READ MORE.
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