Daily Intelligencer • Dec. 18, 2006
They say New York is just for the rich these days, but today one of its richest — Mike Bloomberg — unveiled a plan to help those who aren’t. His Commission on Economic Opportunity unveiled its anti-poverty strategy, and, at a ceremony at the stalwart Lower East Side People’s Federal Credit Union, the mayor pledged a $150 million annual commitment to fund it, including $25 million to be raised from private foundations. That chunk of change will go first into an Innovation Fund, which will oversee the budget and — this is a first, folks — measure programs’ success at actually alleviating poverty.