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CITY FACES $5B BUDGET GAP ; GIULIANI WARNS UNIONS NOT TO COUNT ON ANY BIG RAISES
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New York, N.Y.
Mayor [GIULIANI] immediately pounced on the dire figures to explain why he can't give big raises to municipal workers. City Comptroller Alan Hevesi said the boom that produced a record surplus of $3.192 billion last year will give way to a tiring economy and new spending needs that could spill red ink everywhere. Giuliani took a slap at the control board, saying "maybe [it] does not understand completely the budgeting that we do and why we do things the way we do it." Reproduced with permission of the copyright owner. Further reproduction or distribution is prohibited without permission.
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