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Article: Mayor's budget bets on economy.(Michael Bloomberg, New York)(Brief Article)
- Article from:
- Crain's New York Business
- Article date:
- February 25, 2002
CopyrightCOPYRIGHT 2002 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Opposition to mayor michael bloomberg's financial plan is beginning to grow as both the right and the left in city politics find more and more to dislike. Those who want to support the mayor-including virtually the entire business community-need to understand that the plan has little to do with ideology and everything to do with a big gamble on the economy.
The mayor finds himself exactly where he wants to be, occupying the political middle.
Members of the City Council keep talking about how tax increases are needed to forestall supposedly devastating cuts in city spending. Since most members of the council are freshmen elected with the support of ...