February 25, 2013 •
Mayor Bloomberg Vetoes Campaign Finance Bill
New York City Mayor Michael Bloomberg vetoed a campaign finance bill aimed at decreasing campaign finance disclosure, even though City Council overwhelmingly passed the bill by a 47-1 margin in January. The bill would have allowed labor or other membership organizations, as well as corporations, to send communications to its members, executive and administrative personnel, and stockholders without having to disclose that information to the Campaign Finance Board.
Bloomberg was noncommittal at the time about whether he would veto the bill, even though he was adamantly opposed to its passage. However, now with his decision to veto it, the ball will bounce back into the City Council’s court.
The council has 30 days to override the veto, with a two-thirds majority required, or allow the bill to die. The council had enough votes to override the veto originally, but there has been no word on whether every council member will stick with his or her original vote.
Photo of Mayor Michael Bloomberg by Rubenstein on Wikipedia.
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