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Liu: Mayor Creating Giant Budget Hole With ‘Retro’ Denial

By DAVID SIMS
Posted 3/11/13

Mayor Bloomberg will likely leave his successor a growing fiscal time-bomb in the form of long-expired municipal contracts when his term ends this year, with City Comptroller John C. Liu estimating a more-than-$4-billion budget hole for the already cash-strapped city, he told the City Council Budget Committee March 4.

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