Some of the most drastic cuts in Mr. Bloomberg's preliminary proposal would affect schools.

WSJ: Mayor's Final Budget Is Aided by Economy

As previously disclosed on January 8, 2013, Clearwire did not take the initial draw under the Sprint Financing Agreements as DISH indicated that its preliminary proposal would be withdrawn were Clearwire to draw on the financing.

FORBES: Is Clearwire's "Special Committee" Finally Doing Its Proper Job?

On Thursday, Mr. Michael Bloomberg is expected to release his preliminary budget proposal for the fiscal year beginning July 1.

WSJ: Stringer Calls for Tax Cut