Bloomberg Spent $102M to Win 3rd Term
NYC mayor shatters record for spending own cash on campaign
By Rob Quinn,  Newser Staff
Posted Nov 28, 2009 5:19 AM CST
New York City Mayor Michael Bloomberg speaks at the St. Regis Hotel on November 18, 2009 in New York City.   (Getty Images)

(Newser) – New York City Mayor Michael Bloomberg spent a whopping $102 million—$174 per vote—to narrowly win a third term in office this month, according to figures released last night. The billionaire broke his own record for the most expensive self-financed campaign in American history, the New York Times reports.

Bloomberg's rival, city comptroller William Thompson, came within 5 percentage points of victory despite being outspent 14 to 1. The mayor's critics say he has undermined the campaign finance system that he helped install, which caps spending at just $6 million. Bloomberg opted out of the system, burning through tens of millions in dollars in the campaign's final weeks as polls revealed his rival was edging ahead.