Bloomberg Mulls Over ATM Bill
December 20th, 2010
Mayor Michael Bloomberg is mulling over whether to sign a bill that would drastically increase fines for property owners with illegal sidewalk ATMs after small business owners expressed concern over the bill’s impact this afternoon.
According to a spokesperson, the mayor will take the next couple of days to consider the bill and announce his decision after Christmas.
“I don’t want to be the Grinch that stole Christmas,” the mayor said today. “On the other hand the city has requirements, where one of the issues here is the ability to pass on the sidewalk.”
Up until this morning, the mayor was expected to sign the measure, which the council approved earlier this month. At today’s bill signing, small business owners reportedly said the legislation would limit access to cash for neighborhoods without banks and hurt small businesses.
Under the current version of the bill, fines could increase from $250 to $5,000. These ATMs are already illegal, but there is barely any enforcement or regulation of them, council officials said.
If the mayor vetoes the measure, Council Speaker Christine Quinn said the council would move to override it.
“This will give the power for them to be taken off the street,” said Quinn. “It actually gives the city the power and the tools to make this illegal behavior end. That’s a good thing.”
Here is the mayor’s statement this morning courtesy of the City Hall press office:
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