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Bloomberg Seeks NYC Pension Changes, No Tax Boost

New York Mayor Michael Bloomberg called for avoiding tax increases and raising some workers’ retirement age as he laid out steps to plug a deficit that may be about 7 percent of a projected $67.5 billion budget.

In his 10th annual State of the City address, the mayor called on the state Legislature to give the city control over pension benefits. He promised to improve on efforts that he said produced a 35 percent drop in crime since 2002, about 51,000 private-industry jobs last year, record tourist visits, and rising school-test scores and graduation rates.