Goldman Sachs recently announced it would invest $9.6 million to help reduce jail recidivism rates in New York City, and Mayor Michael Bloomberg said whoever replaces him will need to hustle if he or she wants that sort of funding to continue.
“It’s going to be up to the next mayor,” Mr. Bloomberg said on his weekly radio show when asked whether his replacement will be as successful at securing private money as he has. “In the end, people do want to talk to the mayor, even if I’m not the right person, they all want to talk to the head guy.”
The mayor next mused as to whether this structure is beneficial to the city’s government.
“That’s one of the bad things about the President’s, job, the governor’s job and the mayor’s job all across the country,” he said. “You can’t substitute yourself with a deputy, it’s a badge of honor if they get the head person to come to their event and say a few nice words. Does it really help government? You can argue that you’d be better off back in the office working on policy and trying to solve problems and that sort of thing. That, unfortunately, is delegable, so the public maybe doesn’t get at all levels of government, the person they think they elected to do that, that person has to do something else.”
Mr. Bloomberg then returned to the question at hand.
“So to answer your question is, raising money,” he said. “The mayor’s job is to go out and raise money for public-private partnerships. … The next one will have to earn the respect of the business community, because that’s where the funding is going to come from. You have to be out there making sure you that you understand that businesses can go elsewhere. They don’t have to be here, come here, or stay here, for that matter.”