Nothing would be more destructive to the city's economy than an across-the-board labor settlement at rates the city cannot afford.

The labor settlement is small potatoes compared to the money they need to save.

He also said that the 8 percent price in the cost of ships followed a labor settlement.

It would have power to approve future labor settlements, but not to undo those already reached.

The Mayor last year said he preferred to use it to help finance labor settlements.

In addition, the city must pay for the cost of labor settlements.

The true cost of labor settlements already reached and projected also has two parts.

Meanwhile, the city has just reached rich labor settlements with teachers, teamsters and other workers.

The amount given these agencies for their labor settlements generally follows the patterns set in the city negotiations, officials said.

Of that, $321 million went to pay for a labor settlement with city workers, spread out over all agencies.