(Photo: Benjamin Kanter/Mayoral Photo Office)

Update: This article was published on Wednesday and the City Council passed this legislation on Thursday afternoon with a 42-5 vote. Council Members Joe Borelli,  Chaim Deutsch, Steven Matteo, Carlos Menchaca and Eric ulrich voted against the bill. Council Member Jumaane Williams abstained from the vote. 

A bill that would allow elected officials to set up trusts to raise money from private sources to cover legal fees is set to be approved by the New York City Council on

City Council Member Stephen Levin (photo via New York City Council)

Mayor Bill de Blasio owes hundreds of thousands of dollars to lawyers who helped him during legal investigations that ultimately resulted in no criminal charges against the mayor, but left him with bills to pay even after he reversed course and decided to use public funds to cover the portion of his legal expenses related to his government work. The remaining balance, for work related to campaign activity de Blasio was involved with that was the subject of part of the inquiries, has left de