Hennelly: Bloomberg Needs 'Minnesota Fats' Alignment of Economy for Tax Breaks

In his speech yesterday, Michael Bloomberg acknowledged there’s a slower economy heading our way, but insisted he wants to keep

In his speech yesterday, Michael Bloomberg acknowledged there’s a slower economy heading our way, but insisted he wants to keep the seven percent tax cut he passed last year, along with the $400 property tax rebate.

Sign Up For Our Daily Newsletter

By clicking submit, you agree to our <a rel="nofollow noreferer" href="http://observermedia.com/terms">terms of service</a> and acknowledge we may use your information to send you emails, product samples, and promotions on this website and other properties. You can opt out anytime.

See all of our newsletters

But, as WNYC Radio Reporter Bob Hennelly reminds me in this clip, the mayor also gave a list of this conditions that would be required to keep those financial perks in place.

“For things to line up like that, it’s like Minnesota Fats at a pool table,” Hennelly said.

Hennelly: Bloomberg Needs 'Minnesota Fats' Alignment of Economy for Tax Breaks