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The transportation authority estimated that this move would save tens of millions of dollars to help finance raises.
For his part, Mr. Giuliani acknowledged that teachers deserved fatter paychecks and that he had in fact set aside money to finance raises for city workers.
City Hall officials acknowledged that the savings were not part of the $600 million in productivity savings that Mr. Bloomberg had unsuccessfully sought last winter to help finance raises demanded by municipal unions.
But they acknowledged that Mr. Hanley's push to achieve hundreds of millions in savings to create a labor reserve in the budget to finance raises was a slightly disguised strategy to achieve the same objective.
Some union officials say that selling HIP to private shareholders could raise nearly $1 billion and that this money could finance raises of several percentage points for city workers.
When Gov. George E. Pataki decided in 2002 to allow Empire, a nonprofit insurer, to go commercial, he directed that much of the state's share of the deal be used to finance raises for hospital and nursing-home workers.
Similar(45)
Finance: Raising Fees Creatively As some A.T.M. owners find new and more creative ways to raise their fees, a small California bank expands its business lending staff.
Mr. Rastani's comments, which many saw as an honest reflection of many who work in finance, raised suspicions he could be a prankster.
Dividend Finance raised $365 million and uses Bubble.
In such a situation of capital rationing, Italian innovator entrepreneurs are confined to insider finance, raising money from family members.
Trigger Finance raised a $460 thousand angel round this time last year and is being run by Rachel Mayer, a former trader at J.P. Morgan.
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