After a decade of conspicuous consumption — a town house here, a private jet there — Mayor Michael R. Bloomberg seemed to slam on the brakes in 2008 during the recession. He bought no new property, rented out space in a vacation home and — horrors! — cut back on household staff.
Mayor Bloomberg Spent More as Market Bounced Back
As Slump Slowed, Mayor’s Own Spending Picks Up - NYTimes.com
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