Liu on Term Limits: Three ‘Makes More Sense Than Two’

With the Charter Revision Commission now underway, city Comptroller John Liu lent support to advocates of keeping the current limit of three four-year terms for elected officials.

Asked his opinion on the matter by the Post‘s David Seifman at a Crain’s New York breakfast forum this morning, Mr. Liu said he personally is against term limits, adding, “I do think that three terms makes more sense than two terms, specifically for legislative office.”

Still, he said he would prefer to see the matter put to voters in a referendum–as a private citizen, he said, he voted against term limits twice.

“I don’t believe that there should be term limits. It’s a paternalistic way of treating voters.”

The remarks came as part of a wide-ranging speech on Mr. Liu’s new job. He said he had terminated contracts with underperforming fund managers who oversaw more than $1 billion in pension dollars, that he is looking at changing the discount rate, and that he wants to see the comptroller’s office assume an official roll as a revenue-estimator in budget negotiations between the mayor and the Council. (On this last point, he said an independent office is needed; one would think the Independent Budget Office might seem a more natural choice if he is trying to remove politics from the process).

Mr. Liu said he supports a living wage in development projects that receive subsidies, and was non-committal on the Working Families Party’s recent proposal for a tax on bonuses.

(Video by Azi Paybarah)

Liu on Term Limits: Three ‘Makes More Sense Than Two’