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Domenic Recchia

Cash Money

Mayor Bloomberg (Photo: Getty)

Mayor Bloomberg Touts Balanced Budget While Warning Of ‘Ticking Time Bomb’ In Pension Fund

Mayor Michael Bloomberg revealed his preliminary budget plan for the final months of the current fiscal year and fiscal year 2013, which begins in July at City Hall today. While he touted the balanced 2013 budget that closed a $2 billion gap without tax increases, the mayor also warned of potential problems down the road if the pension system, which is not under city control, is not reformed.

"Right now, our pension system is fairly described as a ticking time bomb," Mayor Bloomberg said. Read More

new hbo series

Marty Markowitz (Photo: Facebook)

Markowitz Pitches ‘Coney Island Boardwalk Empire’

At last night's State of the Borough address, Brooklyn Borough President Marty Markowitz took some time to reiterate his call for a new casino in the Coney Island neighborhood.

"I'm not talking about turning Coney Island into Atlantic City, that's not what I'm not suggesting," he said, before pivoting into one of his many jokes of the evening. "Although I look forward to setting my DVR to recording the smash HBO drama Coney Island Boardwalk Empire."

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2013

Dan Garodnick (Photo: Wikimedia)

Potential Comptroller Candidates Post Strong Fundraising Numbers

Two of the candidates vying to replace New York City Comptroller John Liu, who looks like to run for Mayor in 2013, will report raising hundreds of thousands of dollars for their campaigns at the close of the most recent filing period. This sets the stage for a spirited Democratic primary between two Councilmen seeking this citywide office.

Councilman Domenic Recchia, who's term-limited out in 2013, reported raising over $275,000 with $540,000 in the bank, while Councilman Dan Garodnick sent out an email to supporters announcing $1,000,000 in total fundraising and $280,000 over the last six months. A source close to the Garodnick campaign said that his cash on hand will be about $940,000.

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Budget Battles

Alternate Cuts to Spare Firehouses

City Council Speaker Christine Quinn and Finance Chairman Domenic Recchia propose alternate cuts they say can spare Mayor Bloomberg from having to close 20 fire companies. Quinn and Recchia:

A mere 5 percent cut in the following areas of the contract budget alone would result in $50 million in savings – more than enough to Read More