Michael Bloomberg, the mayor of New York City, make annual budget presentations to his fellow elected officials, the city council, and the media. Historically, the city’s mayors had delegated these types of presentations to one of their budget directors; however, Bloomberg believes that by investing his time in explaining the factors influencing the city’s economy, his constituents will gain a better understanding of his fiscal priorities. This, in turn, help improve his negotiations with the city available online so that New Yorkers can scrutinize budgeting details, such as the cost of running specific government agencies.