The Municipal Labor Committee wants Mayor de Blasio to plug the city's $8-billion budget hole by offering early-retirement incentives while borrowing to cover lost revenue and COVID-19-related expenses.
Last month, he warned he would have to turn to layoffs unless Congress provided stimulus aid to states and localities that have been hard-hit by the pandemic, noting that by early May some Mayors had resorted to furloughs and layoffs, and "Every one of us has to start looking at that possibility if we don't have any money."
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