NEW YORK (Reuters) - New York Mayor Michael Bloomberg, who engineered a change in the city's term-limits law so he could run again and set a record for financing his campaign, narrowly won a third term on Tuesday, local media declared.
From: www.reuters.com
By Ellen Wulfhorst
NEW YORK (Reuters) - New York Mayor Michael Bloomberg, who engineered a change in the city's term-limits law so he could run again and set a record for financing his campaign, narrowly won a third term on Tuesday, local media declared.
Bloomberg defeated City Comptroller Bill Thompson, a Democrat, according to The New York Times, the Daily News and NY1 television.
His margin was far smaller than expected, given polls that showed him as recently as Monday with a double-digit lead and expectations of a large, lopsided victory.
Bloomberg vastly outspent his challenger, laying out $13 for every $1 spent by Thompson. Bloomberg is described by Forbes magazine as the richest man in New York, with a $16 billion fortune.