De Blasio unveils $73.9B budget - Fox 2 News Headlines

De Blasio unveils $73.9B budget

Posted: Updated:
NYC Mayor Bill de Blasio NYC Mayor Bill de Blasio

By JONATHAN LEMIRE

NEW YORK (AP) — New York City Mayor Bill de Blasio unveiled his first executive budget Thursday, a $73.9 billion proposal in line with his reflexively liberal vision of greater government involvement for the less fortunate.

De Blasio devoted much of his financial resources to create a budget — which now will be subject to negotiations with the City Council and must be approved by July 1 — that backs up the campaign promises that ushered him into office in January, when he became the city's first Democratic mayor in a generation.

His signature campaign pledge was to fund universal prekindergarten and expanded after-school programs for middle-schoolers with a tax hike on the city's wealthy. When that idea died in Albany, the state government stepped in with $300 million for pre-K but little for the after-school programs, prompting the mayor to proposing spending $145 million in the next fiscal year to expand programs for nearly 100,000 children.

Reflecting the city's improving fiscal outlook, the budget is full of new expenditures with little in the way of new savings. Other areas where de Blasio is increasing spending also dovetail with his goal of fighting income inequality by helping those who felt left behind by 12 years of what they viewed as ex-Mayor Michael Bloomberg's business-centric policies. De Blasio is adding $70 million to city housing authority's repair budget and increasing services for the homeless, whose numbers expanded under Bloomberg.

The new budget also contains spending increases for infrastructure and road repair, in the wake of a brutal winter that wreaked havoc on the city's roadways. The mayor also wants to spend more money on a series of steps, from speed cameras to speed bumps, aimed at reducing the number of pedestrian deaths in the city.

De Blasio also plans to ease some fines for small business, another campaign promise of his, which will mean an 8 percent drop in that source of revenue, from $859 million to $789 million.

Looming over the city's fiscal picture are the expired contracts of more than 150 city unions. But de Blasio believes that the $5.5 billion agreement with teachers reached last week sets a pattern for negotiations with other unions that the city can afford, particularly if the $3.4 billion expected savings on health care can be reached.

But de Blasio warned that the city's fiscal outlook still faces some challenges. His team projects that New York will face a $2 billion structural deficit for the fiscal year that begins in July 2015.

To this point, the budget process this year has been far less rancorous than the battles that dominated the final budgets of the Bloomberg era. Those negotiations with marked with by the so-called "budget dance" in which Bloomberg, a Republican-turned-independent, would propose cutting services such as firehouses and libraries and then the Democratic-controlled council would restore them. The council now is closely allied with de Blasio.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Local NewsLocal NewsMore>>

  • Hope's Land of Candy

    Hope's Land of Candy

    Monday, September 1 2014 8:13 PM EDT2014-09-02 00:13:34 GMT
    Step through the doors of Hope's Land of Candy in Island Park, Long Island and you''ll be taking a trip back in time. There's no WIFI but they do have a Victrola piano. And then there's the candy.. lots and lots of it.
    Step through the doors of Hope's Land of Candy in Island Park, Long Island and you''ll be taking a trip back in time. There's no WIFI but they do have a Victrola piano. And then there's the candy.. lots and lots of it.
  • Subway bedbug infestations on the rise

    Subway bedbug infestations on the rise

    Monday, September 1 2014 6:48 PM EDT2014-09-01 22:48:09 GMT
    It appears the subway bedbug problem we've been reporting is getting worse. Commuters already have to contend with sweltering platforms, scurrying rats and packed train cars, and now there's another transit woe: fear of bedbugs.
    It appears the subway bedbug problem we've been reporting is getting worse. Commuters already have to contend with sweltering platforms, scurrying rats and packed train cars, and now there's another transit woe: fear of bedbugs.
  • West Indian Day Parade steps off amid shootings

    West Indian Day Parade steps off amid shootings

    Monday, September 1 2014 6:05 PM EDT2014-09-01 22:05:47 GMT
    The West Indian Day Parade is supposed to be a time of fun and excitement in celebration of Caribbean culture. However, several shootings near the parade has turned it into a day of tragedy for some.
    The West Indian Day Parade is supposed to be a time of fun and excitement in celebration of Caribbean culture. However, several shootings near the parade has turned it into a day of tragedy for some.
Powered by WorldNow

WJBK-TV | Fox 2
16550 West Nine Mile Rd.
Southfield, MI 48075

Main Station: (248) 557-2000
Newsroom: (248) 552-5103

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices