MIKE 'RAISES' RUMPUS
By DAVID SEIFMAN, NY Post
Mayor Bloomberg is considering awarding thousands of city managers $52 million in raises he withheld last year, The Post has learned.
Sources said the mayor's decision last year to withhold the bumps led to an upside-down salary structure in some agencies, where unionized workers who received hikes now make more than their bosses.
Last year, when the unions received an 8 percent wage hike over two years, the mayor said he couldn't afford the same increase for managers.
And from Crain's:
New York City tax revenues are expected to decline by $2.1 billion in fiscal 2009, to $36.5 billion. A further drop of $1.3 billion is expected in fiscal 2010.