Mike Bloomberg's fiscal stewardship led New York from a deep recession
and record deficits to record surpluses, tax cuts, and the city's
highest ever bond rating. As he did as founder and CEO of Bloomberg LP,
Mayor Mike Bloomberg has found innovative ways to improve services while
cutting waste and balancing the books.
A new analysis of spending under Mayor Michael Bloomberg shows he’s been on a stunning spending spree since taking office, with the city budget growing faster than under any other mayor for the past three decades. Good for him.... continue
With Fitch upgrading the City’s bond rating to AA- today, this is the second time this month that an independent rating agency has recognized our prudent fiscal management and upgraded the City’s credit.... continue
"America, the most wonderful country in the world, is at a crossroads. The politics of partisanship and the resulting inaction and excuses have paralyzed decision-making, primarily at the federal level, and the big issues of the day are not being addressed – leaving our future in jeopardy."... continue
The news that Standard and Poor’s has upgraded the City’s bond rating to ‘AA’ – the highest in the City’s history – is further evidence that that our prudent fiscal planning is paying off and that New York City’s economy continues to grow.... continue
Mayor Bloomberg is a surprisingly popular politician - perhaps because he's also an uncommon politician. Despite a stumble or two here and there in recent weeks - both self-inflicted (the school bus fiasco) and out of his control (the Sean Bell shooting) - his standing among New Yorkers remains consistently high.... continue
Mayor Michael R. Bloomberg today met with Sir Callum McCarthy, Chair of the Financial Services Authority (FSA) in London, to discuss ongoing trends and the increasing competitiveness of global financial markets.... continue
Stringent Regulations, High Litigation Risk and Immigration Policy Causing New York’s Financial Markets to Lose Business and High-Skilled Workers to London and Other Overseas Competitors at Rapid Rate.... continue
Mayor Mike will give New Yorkers a break today: a $1 billion tax cut. Hizzoner plans to outline a series of proposed trims - in property taxes, the sales tax, business taxes - in his State of the City Address. It's terrific news.... continue
Mayor Michael R. Bloomberg Governor George E. Pataki today announced that New York City is now an active partner with the State of New York in the state’s pilot Medicaid Fraud, Waste and Abuse Demonstration Project, designed to empower localities, primarily counties, to join with the State to increase vigilance over the Medicaid program.... continue
"Today...our population is growing. More New Yorkers are working than any time in the history of our city. Fewer New Yorkers are on the welfare rolls than at any time since 1964."... continue
Mayor Michael R. Bloomberg announces that Standard & Poor’s (S&P) Rating Services upgraded its rating of City bonds to "AA-." The rating is the highest in the City's history.... continue
Mayor Michael R. Bloomberg today announced his Fiscal Year (FY) 2007 Executive Budget and presented an updated four-year financial plan for New York City.... continue
The first look at New York City budgets almost always reveals horrifying, multi-billion-dollar gaps that by law have to be closed. During his first four years in office, Mayor Michael Bloomberg became very adept at telling New Yorkers why and how the city would do more with less. This year he faces a new dilemma. The city is floating in black ink, a surprise surplus of some $3.3 billion.... continue
Mayor Michael R. Bloomberg today released his annual Campaign Accountability Report. Administration Is Fulfilling 86% of its Campaign Promises.... continue