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New York City mayor unveils budget, warns of labor contract challenges

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NEW YORK — New York City Mayor Bill de Blasio unveiled his first budget proposal Wednesday, revealing that the nation's largest city has a surplus but warning that it still faces stark fiscal challenges due to the expired labor contracts of all 150 municipal unions. De Blasio, whose events in the early weeks of his administration have often resembled campaign-style rallies, this time delved...

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