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De Blasio Squirrels Away Money Ahead of Contract Negotiations

Mayor Bill de Blasio today unveiled his $73.7 billion preliminary budget plan for the next fiscal year–squirreling away more than $1 billion in surplus money left by the previous administration as he prepares to enter negotiations with the city’s 150-plus municipal labor unions, which are all working under expired contracts and itching for pay hikes and retroactive raises.
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