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De Blasio’s 1st NYC Budget Get Surplus Before Labor Talks

New York Mayor Bill de Blasio presents his first budget this week, and unions that backed his election will be watching to see how he intends to deal with expired contracts for almost 300,000 workers. An unexpected surplus as big as $4 billion may make his job more difficult.

The surprise bonanza will come from unanticipated revenue and unspent expenses accumulated in 2013 and expected this year, according to budget documents and independent economists. While good news for the biggest U.S. city, it may complicate de Blasio’s fiscal plans if unions insist on retroactive raises and refuse to make concessions.