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Update: Bloomberg wins fight to extend term limits
NEW YORK (AP) — The New York City Council has approved Mayor
Michael Bloomberg’s proposal to change term-limits law, clearing
the way for the billionaire independent to run for a third term.
By a vote of 29-22, the council passed the bill that gives
officeholders the option of three consecutive four-year terms.
Existing law limits them to two terms, and Bloomberg’s concludes at
the end of next year.
Bloomberg announced his plans to seek re-election just three
weeks ago.
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