Mayor Bill de Blasio was forced to alter his executive budget after Comptroller Scott Stringer demanded $725 million in retroactive teacher pay be accounted for in the current 2014 fiscal year, rather than in future years as de Blasio had planned. Stringer’s office said de Blasio’s plan to pay for the back pay down the road contradicts established accounting principles. De Blasio was forced to shift the $725 million, which then affects next fiscal year and outlines for others the administration had forecast based on the teachers union deal. The administration says this change is not a problem. Meanwhile, Moody’s Investor Service declared de Blasio’s budget to be “credit negative” because it will increase the city’s deficit by $5 billion over three years to fund union wage increases.
New from Gotham Gazette
De Blasio, '84, Eyes NYU 2031
Mayor Bill de Blasio, an alumnus of NYU, must now deal with the contentious issue of the school's expansion.
Why Campaign Finance Reform Makes Sense for Cuomo, Now
David King takes stock of the governor's shifting approach to campaign finance reform, including his recent shift back toward pleasing progressives.
ICYMI from Gotham Gazette
Transformative FOIL Transparency Bill on Verge of Introduction
Kristen Meriwether with an exclusive look at new legislation that is set to have wide-ranging impact on how people access government information and government transparency in general.
The Week Ahead in New York Politics
Get ready for the week with our latest installment of The Week Ahead. Our preview includes the president's visit to New York, the City Council dealing with its latest corruption scandal, and much, much more.
Other Stories We're Following
Brooklyn Development Plan Stirs Debate Over Affordable Housing (NY Times)
De Blasio Looks Towards Sweden For Road Safety (NY Times)
Judge Tosses Lawsuit Against Sheldon Silver Over Secret Settlement(Daily News)
State GOP Chairman Accused of Voter Fraud (Daily News)
New Penalties Eyed For Sex Trafficking (WSJ)
MTA Cops Will Carry Heroin Overdose Cures (NY Post)
Councilman Calls For Smoking Ban in New Affordable Housing (Capital)
De Blasio Gives Taxi Fund-Raiser Job Regulating Taxis (Capital)
CEOs Testify They Don’t Know What Former Majority Leader Did (Times Union)
Council Members Call for Leniency for Occupy Wall Street Protester (WSJ)
Meet The Candidates Vying to Replace Eric Adams (DNAinfo)
Pressure Grows For Businesses to Pay Interns (Crain's)
The comments section is provided as a free service to our readers. Gotham Gazette's editors reserve the right to delete any comments. Some reasons why comments might get deleted: inappropriate or offensive content, off-topic remarks or spam.