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The deal avoided an arbitration hearing July 23.
Union officials said the deal avoided layoffs by allowing up to 63 of the laundry's employees to be transferred to other city-owned health care facilities.
And by allowing the state's so-called millionaires' tax to expire as scheduled at the end of this month, the deal avoided a heated debate that had seemed likely to dominate the budget process next year.
Suffolk County Legislator David Bishop of Lindenhurst said the deal avoided "an enormous tax increase in Babylon, which would have had to pay a court judgment of as much as $20 million or watch its coastline be forever scarred by high-rise development".
Olenicoff, profiled by Forbes in 2006 as "The Billionaire with the Empty Pockets," admitted criminal wrongdoing, paid $52 million in back taxes, penalties and interest, but in a plea deal avoided jail time when he was sentenced last year.
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Nor does the deal avoid the uncertainty and economic disaster avoided with the fiscal cliff.
| China reacted to Congress' deal avoiding a debt default for now with welcomes, warnings and mockery on Thursday.
"This deal avoids a damaging conflict among trading partners," Siim Kallas, the European commissioner for transport, said in a statement.
Baseball: The Washington Nationals and catcher Jose Lobaton agreed to a one-year deal, avoiding arbitration before today's nontender deadline.
Three of the four people who were eventually arrested brokered plea deals, avoiding a trial.
To get the cheapest deals, avoid jetting off inside the Easter half term period.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com