The Yonkers City Council will hold a last-minute 9:15 meeting tonight to redraw their request asking the state legislature to create a transitional finance authority.
Yonkers officials want the TFA so they can borrow $20 million to help close a $42 million deficit in the Yonkers Public Schools that threatens more than 700 layoffs on July 1.
Last week city officials said that state officials called their plan unsound, provoking a press conference and finger-pointing.
Although there was no draft resolution on the TFA in the Yonkers City Clerk’s late-Sunday night email announcing the meeting, one significant change in the TFA could be the elimination of a salary freeze.
The previous request sought to freeze Yonkers workers’ salaries, which last week Sen. Jeff Klein’s office likened to a Wisconsin-style attack on public workers.
Last week Assemblyman Mike Spano, who is running for Yonkers mayor, pointed to the state comptroller’s office’s concerns that the TFA proposal is financially unsound. This morning Spano’s office informed that the state comptroller’s office’s concerns were expressed verbally, not in any written form that could be shared with the media.