Bloomberg endorsed Cuomo. What position does Bloomberg need from the next mayor?

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Bloomberg doesn't "need" anything from the next mayor—he's worth $105 billion. But his philanthropy (Bloomberg Philanthropies, $17 billion in giving) funds NYC projects: parks, schools, public health initiatives. A Mamdani administration promising to tax the rich and regulate Bloomberg's real estate holdings threatens his interests. Cuomo, by contrast, protected billionaire donors as governor (tax breaks for developers, charter school expansion Bloomberg funded). Bloomberg's endorsement brings money: he spent $1.1 billion on his own 2020 presidential run. His super PAC can flood NYC airwaves with Cuomo ads. The exchange: Cuomo gets billionaire funding and "moderate" credibility; Bloomberg gets a mayor who won't raise his taxes or scrutinize his business empire. It's not a favor—it's an investment in favorable policy.

Bloomberg endorsed Cuomo. What position does Bloomberg need from the next mayor?

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