Why owe Farkas an apology? Everyone at city hall has pretty much agreed that, should they receive a payraise, that the vote will instead favour a payfreeze. There was no reason to continually beat a deadhorse except for Farkas to somehow try to make himself a martyr, which is exactly what he got.
They should be looking at firing the CFO for giving wrong numbers, but it really doesn't matter in the grand scheme of things if they vote for a payfreeze anyways.
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