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Miami said to declare "financial urgency" in talks
Source: Reuters
Miami said to declare "financial urgency" in talks
MIAMI | Thu Jul 26, 2012 5:58pm EDT
(Reuters) - Miami officials, who are seeking $40 million in union concessions, plan to declare "financial urgency," which would allow the Florida city to unilaterally alter employee contracts, the Miami Herald's website said on Thursday.
Quoting Mayor Tomas Regalado, the newspaper said the declaration would be issued by City Manager Johnny Martinez on Thursday and would yield savings needed to balance the city's $485 million annual operating budget.
"The unions are not cooperating with the process," Regalado told the Herald. "We need to have a balanced budget."
Regalado and Martinez have not been available to comment on the report. Other city officials declined to comment.
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MIAMI | Thu Jul 26, 2012 5:58pm EDT
(Reuters) - Miami officials, who are seeking $40 million in union concessions, plan to declare "financial urgency," which would allow the Florida city to unilaterally alter employee contracts, the Miami Herald's website said on Thursday.
Quoting Mayor Tomas Regalado, the newspaper said the declaration would be issued by City Manager Johnny Martinez on Thursday and would yield savings needed to balance the city's $485 million annual operating budget.
"The unions are not cooperating with the process," Regalado told the Herald. "We need to have a balanced budget."
Regalado and Martinez have not been available to comment on the report. Other city officials declined to comment.
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Read more: http://www.reuters.com/article/2012/07/26/us-usa-miami-urgency-idUSBRE86P1RW20120726