Bloomberg cleared to run for a third term.

bloomberg.jpgThe New York City Council voted today to extend term limits so that Mayor Michael Bloomberg can run for a third term next year. The council’s vote of 29 to 22 undoes the result of two voter referendums that had imposed a limit of two four-year terms for the Mayor’s office. Here’s Bloomberg’s statement on the vote:

Today, the majority of the City Council decided to give the people of New York a fuller choice in the November 2009 election. I believe that was the right choice, and I want to thank Speaker Quinn for her leadership. Those of us who work on both sides of City Hall must now move forward with the important decisions that face us, particularly finding ways to soften the fallout from the economic downturn and balancing our budget as revenues decline. We have a lot of work to do together to get New York through these tough times.

The New York Times reports that after Public Advocate Betsy Gotbaum announced the final result, the balcony in the Council chamber “erupted in shouts of ‘The city’s for sale!’ and ‘Shame on you!'”