De Blasio Addresses Financial Board for First Time

NEW YORK -

Mayor Bill de Blasio on Tuesday presented his first financial plan to the New York State Financial Control Board, a state watchdog group created in 1975 after the city’s fiscal crisis, The Associated Press reported. De Blasio and city Comptroller Scott Stringer spoke highly of the city’s fiscal future, noting rising revenues and new labor contracts with city unions. But one board member expressed concern about growing retiree health care costs.