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.
Other Stories We're Following
9/11 Payouts Are Caught in Bottleneck (Wall Street Journal)
Scrutiny Over Bronx Councilman’s Demands for Ice Center Plan (NY Times)
Cuomo Prefers Radio to Spread Message (NY Times)
Bloomberg Bashes Corrections Union For Halting Rikers Island Buses(Daily News)
Senate and Assembly to Jointly File Against Moreland Commission (Daily News)
Schneiderman Celebrates JPMorgan Settlement (Albany Times Union)
Pro-Fracking Employment Numbers Are Greatly Exaggerated (Capital)
City Council Speaker Hopefuls Debate (NY 1)
City Unemployment Up Slightly (Crain's)
NY’s Top Court Upholds NYC Hotel Tax on Marketers (Crain's)
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