That’s Why You Want A Businessman In Office

Because only a businessman really understands creative accounting:

Mayor Bloomberg will be able to balance next year’s $70 billion budget because higher pension costs are being spread over 22 years — with the largest part of the bill coming due at the tail end, The Post has learned.

Sources said that arrangement means Bloomberg only has to spend an extra $575 million next year for pensions, instead of the $1 billion he had already set aside.

“It’s going to give them $425 million more for balancing the budget,” said one source. “That’s basically how they’re getting through this.”

But what does anyone care as long as headlines read “Brighter Bloomberg budget is on tap: Budget watchdogs predict this year’s $70 billion budget will be far rosier than last year” or even “As Fiscal Cloud Lifts, Mayor Offers a Budget Free of Tax Increases or Broad Layoffs”?