Mayor Bloomberg to Fund Program to Help Minority Kids in New York City
The administration of Mayor Michael R. Bloomberg, in a blunt acknowledgment that thousands of young black and Latino men are cut off from New York’s civic, educational and economic life, plans to spend nearly $130 million on far-reaching measures to improve their circumstances.
The program, the most ambitious policy push of Mr. Bloomberg’s third term, would overhaul how the government interacts with a population of about 315,000 New Yorkers who are disproportionately undereducated, incarcerated and unemployed.
To pay for the endeavor in a time of fiscal austerity, the city is relying on an unusual source: Mr. Bloomberg himself, who intends to use his personal fortune to cover about a quarter of the cost, city officials said. A $30 million contribution from Mr. Bloomberg’s foundation would be matched by that of a fellow billionaire, George Soros, a hedge fund manager, with the remainder being paid for by the city.
Starting this fall, the administration said it would place job-recruitment centers in public-housing complexes where many young black and Latino men live, retrain probation officers in an effort to reduce recidivism, establish new fatherhood classes and assess schools on the academic progress of male black and Latino students.
Definitely looking to see how this will turn out. Read the whole article. Well worth it.