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The administration wanted to move financing for the scientific research to the National Science Foundation, the official said, because it has a strong reputation for allocating money to the most worthy projects.
But that increase would be more than offset by a $9.6 million cut in money for repairs and restorations, a $20 million cut in the construction budget and the plan to move financing for the three research institutes to the National Science Foundation.
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But last year, Mr. de Blasio's administration, eager to keep a lid on water and sewer rates that had grown by an average of 8percentt annually under Mr. Bloomberg, moved financing for the third tunnel to other projects, Amy Spitalnick, a de Blasio spokeswoman, said.
RBS declined to comment but has said in the past that it is working on a stockmarket flotation of Citizens after moving finance director Bruce van Saun to run the operation.
Verizon undertook the huge sale of corporate debt as it moves to finance its $130 billion deal to buy out Vodafone's 45 percent stake in their Verizon Wireless joint venture.
Following him into the Norwegian Labour Party, his economist son took a different path, becoming minister of industry and energy in 1993 before moving to finance in 1996.
Addis is about moving from billions in financing commitments to trillions.
That move was to finance an investment program when he was heavily in debt.
He credits the course with being the catalyst for his move into finance.
Ms. Conrad pointed to the disparity to justify moving the financing to the cities because, she said, that is where the children are.
In a separate, positive move, European finance ministers have approved the release of a long-delayed 34.3 billion euro ($44.8 billion) loan package to Greece, though they were unable to sort out the terms of aid for Cyprus.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com