gift

De Blasio’s ‘fiscal savings’ a loss to taxpayers, a gift to teachers union

That was fast. Last Thursday, Mayor de Blasio ­informed the United Federation of Teachers that the city couldn’t afford a $900 million bonus for union members. It took 24 hours for the union to knock this threat down — and wring a better deal from out-of-work taxpayers.

The state must step in.

How did New York City end up on the hook for a near-billion-dollar payment during the worst fiscal crisis ever?

You can thank de Blasio. In Mayor Mike Bloomberg’s final term, the global economy melted down — and Bloomberg told teachers that if they wanted raises, they would have to pay for them through work-rule or benefits changes.

The teachers waited Bloomberg out, and de Blasio delivered in his first six months. He offered a contract that included $3.6 billion in back pay.

Only problem: The city didn’t have $3.6 billion. The “thinking”: The city would surely have

Read More Read more