New York City Economy Matters More Than Next Mayor: Muni Credit

New York to host 2015 All-Star Game in Knicks-Nets split

Four years later, Giuliani, a former U.S. attorney for Manhattan , won in a rematch. No Money Among challenges awaiting the next mayor, who assumes office midway through the fiscal year, is resolving negotiations on contracts that expired at least three years ago with unions representing city workers. Bloombergs final budget, enacted in June, contained no money for back pay in the event bargaining results in salary increases. The cost of retroactive raises could approach $8 billion, more than 10 percent of the citys $70 billion budget, Bloomberg has said. Future recurring labor-cost increases could tally almost $3 billion a year even without retroactive pay, Carol Kellermann, president of the non-partisan Citizens Budget Commission , a business-funded fiscal watchdog, said in a July interview. That would be my biggest worry with a new mayor who is likely to be pro-labor: If there are contracts with notable wage increases that get locked in for the next few years, that could be difficult for the budget, Wagner said. Lhota, who resigned in December as chairman of the Metropolitan Transportation Authority , has ruled out a settlement that includes retroactive pay. Retroactive Resistance Ill say it over and over again, Im not under any circumstances in favor of retroactive pay, he said in a March interview. Hes stuck to that position. De Blasio said he was open to negotiating the issue when he was seeking labor support to secure the nomination. More recently, hes questioned whether the city could afford retroactive compensation, after winning endorsements from most city unions. We have to balance our budget; everyone in labor knows it, de Blasio said last week during a news briefing.

New York Skyline

Nassau County Executive Edward Mangano says the white SUV was found at 11 p.m. Wednesday at Sandy Beach Park in Putnam County. The search for the suspect, Sang Ho Kim of Queens, a vendor for Savenergy, is continuing. Police say Kim, 63, went inside the business on Wednesday morning and confronted the employees and began shooting. He hit two male victims. One died at the scene. The other was rushed into surgery at a Long Island hospital. The gunman fled the scene. The shooting led to the lockdown of schools and businesses at Roosevelt Field mall in Garden City, about 30 miles east of New York City. The Associated Press contributed to this report

British expat beaten with brick, robbed after concert at New York club

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Billingtons eyes were blackened, his neck was in a brace, his head wrapped in bandages and an IV was attached to his arm. He said his family lived in England, but his girlfriend had been at the hospital comforting him. Billington, who lives on the upper West Side, had taken his girlfriend to see Welsh rock band the Stereophonics on Saturday night at Terminal 5, located on W. 56th St. RELATED: HEARTLESS THUG MUGS WOMAN, 71, IN BROOKLYN TO STEAL HER PURSE, PUTS HER IN HOSPITAL The suspect, who is thought to be a homeless man, is described as black or Hispanic with a moustache. Following the concert, the couple was walking on W. 58th St. between 10th and 11th Aves. at 10:45 p.m. when a violent goon emerged from the shadows, a police source said. The mugger, believed to be a homeless man, came up behind Billington and bashed him in the back of the head with what his girlfriend told police appeared to be a brick wrapped in a cloth, the source said. Billington fell to the ground and the assailant hit him again in the face with the brick before searching his pockets for money, the source said. The robber, dressed in a hoodie or jacket and wearing a baseball cap, fled empty-handed, leaving Billington bloodied and his girlfriend, whose name was not released, screaming for help. Cops are still trying to identify the attacker, hoping security cameras in the area filmed the robbery, a throwback to the bad days of New York City. RELATED: THUG WHO MUGGED WOMAN WITH EIGHT KIDS IN BROOKLYN BUSTED Marcus Santos// New York Daily New New York music club Terminal 5, where Andrew Billington and his girlfriend attended a concert before he was attacked with a brick.

New York police track down getaway vehicle in deadly shooting

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We’re lucky enough to have two world-class arenas, and the only thing better than having All-Star weekend at Madison Square Garden or the Barclays Center is having it at both of them. The weekend’s activities mean tens of thousands of visitors to the City and lots of activity for local businesses, plus a week of community service events around the five boroughs led by the NBA, which has a terrific record of giving back. We’re thrilled and looking forward to cheering on the stars.” For the 13th consecutive year, the 2015 NBA All-Star Game will be televised in primetime on TNT. It will be the 31st year that Turner Sports provides NBA All-Star coverage. The 2015 NBA All-Star Game will be broadcast to a worldwide audience in 215 countries and territories and in more than 40 languages. We are honored to host the greatest players in the NBA in the newly transformed World’s Most Famous Arena for the 2015 All-Star Game, said Dolan. Over its 134-year history, Madison Square Garden has been privileged to host some of sports most defining and enduring moments and we are thrilled to add this prestigious event to The Garden’s illustrious history. We look forward to working with the City of New York, the NBA and the Brooklyn Nets to make the event a celebration of basketball for all New Yorkers to enjoy. We are thrilled to welcome the 2015 NBA All-Star festivities on Friday and Saturday to Barclays Center, said Brooklyn Nets owner Mikhail Prokhorov. Brooklyn has produced some of the greatest players in NBA history, so it’s fitting to hold All-Star events in the Borough of Basketball.’ We are looking forward to showing fans and the players a memorable experience in our state-of-the-art venue, and we are also excited to bring the All-Star Game to Barclays Center in the very near future. Barclays Center is proud to welcome such an exciting event as All-Star ’15 and to continue bringing the best to Brooklyn, said Bruce C. Ratner. We are delighted to join with New York City, the NBA and Madison Square Garden for a wonderful weekend. Basketball may have been invented in Springfield, Mass., but its heart and soul are in NYC through and through. Madison Square Garden has been a celebrated center of New York since it first opened its doors in 1879. This fall, with the completion of our three-year Transformation, The World’s Most Famous Arena will also become the world’s most state-of-the-art arena, said Hank Ratner.