Pretty easy solution to libs which come naturally: raise taxes. Bloomie will do it. They did it here in Socal.
Bloomberg will give the next mayor of New York City a balanced budget to begin the new mayoralty, however, what is missing from the balance sheet could present the most trouble for his successor. Over 100 contracts with unionized city workers have not been renegotiated for years, and liabilities are accruing for the city.
Auto-renewing of the contracts have keep city services going, but workers have not received pay raises or other benefits due to a series of failed negotiations. Tight finances beginning with the 2008 economic downturn broke a cycle of regular pay increases, setting the scene for today’s growing conundrum, where Bloomberg is insisting the city does not have the money to pay for raises not awarded in years past.
The unions want retroactive pay raises—at an estimated cost of $7.8 billion. Labor wages, health benefits, and pensions for city workers as a whole represent 55 percent of the fiscal year 2014 budget.
Bloomberg has offered a raise going forward, albeit smaller than what the unions want, but he refuses to consider paying out billions in back pay. The fiscal year 2014 budget includes $265 million set aside in the city’s labor reserve for union raises of 1.25 percent.
It is easy as falling off a log. Tax every finncial transaction made on computers located in the city or terminals located in the city $1