FOR IMMEDIATE RELEASE
March 4, 2004
STATEMENT BY MAYOR MICHAEL R. BLOOMBERG ON APPELLATE DIVISION DECISION ON LGAC
"We are pleased that the Appellate Division affirmed the decision of the State Supreme Court and we are confident that the Court of Appeals will agree with these two courts and rule that the bond issuance is legal and constitutional. The legislation was part of the relief package the State provided the City to help us out of the fiscal crisis. Issuing the bonds will allow us to provide the vital City services that New Yorkers rely on so our economic recovery can continue."
Edward Skyler/Jordan Barowitz (212) 788-2958