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

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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


17 poll by the Poughkeepsie, New York-based Marist Institute for Public Opinion , de Blasio led Lhota 65 percent to 22 percent. Yet New Yorkers havent elected a Democrat mayor since 1989, when David Dinkins beat Giuliani. 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.

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


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. A 1997 graduate of Newcastle University in England, Billington moved to New York City in 2009, according to a post on Big Apple Brits, a social networking group for British expats. A spokesman for Thomson Reuters would only confirm that Billington worked at the global media company. On his LinkedIn page, Billington describes himself as an accountant at Thomson Reuters in charge of strategic customers and finance solutions. But Billingtons passion appears to be long-distance running. In May, he competed in the New York Road Runners Marathon Tune-Up, finishing the 18-mile race in 2 hours, 11 minutes and 19 seconds.