There’s a reason that Mayor Bloomberg is the best Mayor this city has ever had. Here’s another one for you…
While there’s a projected surplus for this year, Bloomberg is going to use the extra money to pay down expected future debt. $1.3 billion is going towards the projected $1.6 billion deficit in 2009 and $1 billion toward 2010′s $3.3 billion deficit. Where’s all the money coming from? City agency cutbacks and surprise revenue from all the large real estate sales (hello, Stuy Town). Further details of the mayor’s 2008 Budget and Financial Plan are being presented at City Hall today.
Notice he isn’t building a park, giving out raises, or doing whatever. He’s taking the money and putting it toward the debt he knows we’re going to have in 3 years and in two years.
The man runs the city like a business and that’s why he’s so damn successful.
It’s also why he won the last election by the largest margin in New York City history.
[tags]bloomberg, michael bloomberg, mayor, new york city, nyc[/tags]