After spending at total of $4 million of his own money on his first two inaugural galas, this time Bloomberg is choosing to spend New Year's Day participating in service projects instead:
"The mayor’s office declined to comment on his plans. But city officials close to the administration said that Mr. Bloomberg was cognizant that any kind of an inaugural gala would seem excessive or out of place during a time of economic anxiety, in a city struggling with double-digit unemployment and facing extensive cuts in subway service."
Good plan. The only thing that would make it better was if he spent the gala money on fixing the MTA.
For Inauguration No. 3, Mayor Will Go Without a Fancy Gala [NYT]