New York Mayor Bill de Blasio, who took office Jan. 1 promising to reduce economic inequality, said he wants to end a 43-year policy that restricts admission at the city’s elite high schools to students who score highest on a standardized test.
New York Mayor Bill de Blasio reached a $75 billion budget agreement with the City Council that puts civilians in police desk jobs to free hundreds of officers for crime patrols and provides free lunches to middle- school students.
New York City plans to issue $850 million of general-obligation bonds this week, the first debt sale since Mayor Bill de Blasio’s proposed budget was called credit negative by Moody’s Investor’s Service.
At Success Academy Union Square, a charter school in Manhattan, parents dropping off kindergartners one frigid morning include a radiologist with a Louis Vuitton bag slung over one shoulder and a fashion designer married to an investment banker. Some arrive in taxis.
New York Mayor Bill de Blasio and the city teachers union hailed as historic a nine-year contract that includes two years of retroactive pay and raises that may set a pattern for pacts with all 300,000 municipal workers.
New York Mayor Bill de Blasio’s plan to pay for labor contracts that boost deficits is causing UBS Global Asset Management Americas Inc. and RidgeWorth Capital Management Inc. to reduce holdings of city debt.
New York Mayor-elect Bill De Blasio scored a landslide victory championing an ambitious agenda that includes taxing the rich to pay for universal pre-kindergarten, building or preserving 200,000 units of low-income housing and creating better-paying jobs for city residents.