Mayor Bloomberg wants to throw money at families in city, BK to fight poverty

Mayor Bloomberg (R-NYC) is looking to wipe out poverty in Brooklyn and the rest of the city.The mayor is taking the advice of the Commission

BROOKLYN - Mayor Bloomberg (R-NYC) is looking to wipe out poverty in Brooklyn and the rest of the city.The mayor is taking the advice of the Commission for Economic Opportunity and will use some unconventional methods to tackle the problem. The $150 million plan includes offering poor Brooklyn families cash rewards to encourage their children to stay in school. Other incentives will focus on keeping regular medical appointments and matching monthly bank deposits to foster greater savings. Bloomberg is also trying to get a tax credit approved that would let parents write off up to $1,000 for each child up to 3 years old.Mayor Bloomberg says he's going for a non-traditional approach because conventional approaches have kept the cycle going. He's also decided to fund the program with private money, with $25 million of the budget coming from donations.

advertisement | advertise on News 12

Trending Video

News 12 Brooklyn asked residents who their favorite 1 Word on the Street: Presidents Day
A man is accused of an armed robbery 2 Man accused of armed robbery at Brownsville beauty supply store
A two-alarm fire broke out at a bakery 3 2-alarm fire breaks out at Williamsburg bakery
News 12's Elizabeth Hashagen visited Leonardo's Pizza in 4 Tasty Tuesday: DIY pizza
5 12 on Health: Foods that help fight diseases

advertisement | advertise on News 12

Features

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE