Michael R. Bloomberg
PER
Michael R. Bloomberg Bloomberg
Mayor Michael R. Bloomberg expects to announce today that his administration will seek to set aside $2 billion over the next two years to create a trust fund to pay health benefits for retired city employees, as part of a plan to prepare the city for choppy fiscal waters on the horizon, his aides said yesterday. In releasing his preliminary budget proposal for next year, the mayor is also expected to say today that total revenue will be even higher this year than his estimate in November of a surplus of $1.7 billion this fiscal year. Mr. Bloomberg's budget proposal for the 2007 fiscal year is also expected to include previously announced additions of staff and training programs at the Administration for Children's Services.