Bloomberg allowed to run for third term.

I like Bloomberg and wouldn't mind a third term, but the precedent is scary, especially when you remember who preceded Mike. From NY1.

After a month-long debate that has rocked New York City politics, the City Council on Thursday afternoon passed Mayor Michael Bloomberg's controversial bill to extend term limits, clearing the way for the mayor to run for a third term in office next year.

The historic measure passed by a vote of 29-22 following seven hours of pitched debate among the 51 members.

When the final tally was read, a crowd of protesters in the council chambers called out in opposition.

The formal vote got underway shortly after 4 p.m. after an amendment calling for a voter referendum was defeated by the council.