NYC mayor unveils $73.9B budget with new spending

Published May 8, 2014 10:27pm ET



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.

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