City May Get $3.4 Billion in Federal Aid

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Warner plots his future resurrection. Photo: Patrick McMullan

Or, one-fifth of Mayor Bloomberg's net worth, if you want to look at it that way, not that that would be fair or relevant we just can't help noticing. The money will mostly go to Medicaid and education aid. “It’s not going to solve all of our problems, not by a long shot,” the mayor said at a press conference yesterday. “It’s not going to eliminate all of the tough budget decisions we still have to make. But it will go a long ways toward avoiding some of the most drastic options that we would otherwise be facing.” [NYT]