New York City Mayor Bill de Blasio is getting a raise today, and while most Americans will never earn his type of salary, the average American could live pretty well with the amount of money in his annual raise alone.
According to a report by Frank Camp of The Daily Wire, de Blasio is getting a raise today of $33,750. That gives him a total salary of $258,750. While many may argue that his new salary is on par with other big-city mayors, additional benefits mean de Blasio will never have to eat ramen noodles to stay in budget. Bill de Blasio regularly lectures about income inequality, wondering aloud why working Americans aren’t paid more.
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In early-February 2016, New York City Mayor Bill de Blasio signed legislation that would provide a pay raise to himself, city council members, district attorneys, and borough presidents, among others. The mayor said he wouldn’t take the pay raise until the beginning of his second term, which officially began on January 1, 2018.
De Blasio’s new $258,750 salary represents an increase of 15% over his previous salary of $225,000. A New Yorker earning a $13 minimum wage, working eight hours a day, seven days a week (with no time off) would make $34,944 before taxes — which is roughly equivalent to de Blasio’s $33,750 pay increase.
The New York Post quotes E.J. McMahon, research director at the Empire Center for Public Policy as well as an adjunct fellow at the Manhattan Institute, who states that de Blasio’s salary increase isn’t “out of line” when adjusted for inflation. He compared it to the salary of former New York City Mayor Ed Koch (1978 – 1989), who earned $130,000 during his final year in office; $130,000 in 1989 is equivalent to $258,600 in 2017, according to the U.S. Inflation Calculator.
Some point out that Michael Bloomberg, who preceded de Blasio as mayor of New York City, only took $1 a year in salary. He was, however, already a billionaire.