Spitzer Agrees To Work For $1 A Year If Elected

NEW YORK (CBSNewYork) – Manhattan Borough President Scott Stringer tried to convince voters that he is the most credible choice for city comptroller, while former Gov. Eliot Spitzer touted his resume in the capital markets during a Democratic debate that grew tense at times Thursday night. One of the biggest revelations to come out of the debate, held at the CBS Broadcast Center in Manhattan, was Spitzer’s promise to work for $1 a year, just as Mayor Michael Bloomberg has done since taking office in 2002. Spitzer agreed to the minimal salary after being asked by debate moderate Marcia Kramer of CBS 2, who cited his individual wealth.

“Yes, I’m very comfortable,” Spitzer said. “I do very well. I don’t want anyone to think I’m Mike Bloomberg. I’m not. … I think there are a significant number of zeroes between he and me. … In answer directly to your question: Will I serve for $1 a year? Yes.”

Stringer said he has two young children and needs the salary. John Liu, the current comptroller, earns $185,000 a year.

Stringer wasted no time attacking Spitzer for resigning as governor in 2008 amid a prostitution scandal.

“The fact that we can even ask a candidate for comptroller about being Client No. 9 speaks to the issue of credibility in the capital market. … This election is about giving someone a seat when he violated the trust of the people in his last office,” Stringer said.

Spitzer, however, said he has the background needed to run the city’s finances.

“I think credibility in the capital markets is what this campaign is about,” he said.

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