NYC’s Bloomberg Pays for TV Ads Backing Cuomo’s Pension Overhaul
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New York Mayor Michael Bloomberg, calling pension costs a “ticking time bomb,” said a coalition of local officials will begin a statewide television ad campaign urging lawmakers to cut retirement benefits for future workers.
“Too often in Albany, it is only the special interests who are heard; we want to make sure that the people are heard,” Bloomberg said today at a breakfast sponsored by the Long Island Association, an 85-year-old organization of business groups, unions, nonprofits and government agencies representing Nassau and Suffolk counties, which have each declared fiscal emergencies.