NEW YORK (WCBS 880) -- According to The New York Times, Mayor Bloomberg will seek a third term as mayor.
WCBS Reporter Rich Lamb is working the story and will get us the latest.
Currently there is a two-term limit for the office of mayor, Bloomberg will see to overturn that rule.
The City Comptroller Bill Thompson joined us live a few moments ago and said he does not support revising the two-term limit law.
"I will be very disappointed if the Mayor attempts to do this to the legislation of the City Council. He will undermine the will of the voters, who under two occasions have said they believe in term limits. Any change to that law should go back to the public," said Thompson.
Tompson is rumored to be one of the potential candidates for Mayor in 2009.
Stay with WCBS on air and online for any updates.