NEW YORK (AP) — New York City Mayor Bill de Blasio is set to deliver his first budget address on Wednesday.
The budget presentation is a key moment for any mayor, and particularly for a new occupant of City Hall.
De Blaiso, a Democrat, is expected to outline his proposals for the city's approximately $75 billion budget.
He is expected to outline a series of stark fiscal challenges presented by impending contract negotiations with all 150 municipal unions.
The city employees have all been working on expired contracts. Labor leaders have asked for retroactive raises which could cost more than $7 billion.
De Blasio has not revealed if he will consider providing the back pay.
By law, the city musts balance its budget forcing a mayor to choose priorities and, if needed, make cuts.