Michael R. Bloomberg
PER
Michael R. Bloomberg Bloomberg
The Mayor Michael R. Bloomberg, who says he has no interest in elected office after his term ends, proposed loading away those unexpected billions for long-term fiscal challenges like rising pension and health care costs and the stormy fiscal weather Mr. Bloomberg said was as certain to come as April rain. Laying out his budget, which includes a plan to place $2 billion in a trust fund for retirees to cover their future health care costs, as he  said he was putting away money in the good times for the bad times. And he lectured reporters by saying that he can't, when you all of the sudden have better-than-expected revenues, rush out and spend it.