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You are here: Home Newsroom Education News Roundup Archive 2011 August 2011 Bloomberg to use own funds in plan to aid minority youth

Bloomberg to use own funds in plan to aid minority youth

  • 08-04-2011
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By Michael Barbaro and Fernanda Santos/New York Times

The administration of Mayor Michael R. Bloomberg, in a blunt acknowledgment that thousands of young black and Latino men are cut off from New York’s civic, educational and economic life, plans to spend nearly $130 million on far-reaching measures to improve their circumstances. The program, the most ambitious policy push of Mr. Bloomberg’s third term, would overhaul how the government interacts with a population of about 315,000 New Yorkers who are disproportionately undereducated, incarcerated and unemployed. To pay for the endeavor in a time of fiscal austerity, the city is relying on an unusual source: Mr. Bloomberg himself, who intends to use his personal fortune to cover about a quarter of the cost, city officials said. (more...)

 

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