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August 18, 2018

Blackstone’s Mulrow Becomes Cuomo’s Top New York Aide

New York Governor Andrew Cuomo appointed as
his top aide William Mulrow, a senior managing director at
Blackstone Group LP, the world’s largest alternative asset
manager.

The move comes as Cuomo, a 57-year-old Democrat, embarks on
his second term. It was part of a wider staff shuffle that
included the appointment of Cuomo’s budget director, Robert Megna, as the new director of the New York State Thruway
Authority, operator of the largest U.S. toll road.

“New ideas and talent are critical to innovation and
success,” Cuomo said in a statement e-mailed today that
announced the changes. “This team will build on the
extraordinary progress made over the last four years by bringing
experience, energy and fresh perspectives to the table.”

Mulrow, who was Cuomo’s appointee as the chairman of the
New York State Housing Finance Agency, replaces Larry Schwartz,
who is leaving for the private sector. Cuomo’s closest adviser
through his first term, Schwartz has been questioned by the U.S.
Attorney’s Office in Manhattan over the administration’s
meddling with an anti-corruption panel the governor created in
2013 to probe the legislature.

Still, turnover at the beginning of a new term is typical
of any administration, and Mulrow brings with him decades of
political and government work. He was a senior adviser to the
1990 re-election campaign of three-term Governor Mario Cuomo,
Andrew’s father who died Jan. 1, and was director of the United
Nations Development Corporation, among other posts, according to
Cuomo’s statement. He’ll leave Blackstone, where he was a senior
managing director of the investor relations and business
development group.

Tappan Zee

At the Thruway Authority, Megna will replace Tom Madison,
who resigned last month. The agency is building a $4 billion
replacement for the Tappan Zee Bridge across the Hudson River,
among the nation’s largest infrastructure projects.

As part of building the span, the authority’s debt load may
swell to more than $7 billion, from about $3.7 billion in 2013,
by the time the job is finished in 2018. The agency hasn’t
provided a specific plan to pay for it, according to budget
documents.

Last month, the agency approved a $1.7 billion budget with
a deficit of about $25 million and no plan to close it. The gap
is projected to grow to $300 million in 2018, budget documents
show.

To contact the reporter on this story:
Freeman Klopott in Albany at
fklopott@bloomberg.net

To contact the editors responsible for this story:
Stephen Merelman at
smerelman@bloomberg.net
Joshua Gallu, Bernard Kohn

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Blackstone’s Mulrow Becomes Cuomo’s Top New York Aide

Local Politics

Fall River Mayor Will Flanagan hugs supporters after conceding defeat in a recall election, Tuesday, Dec. 16, 2014.Fall River Mayor Will Flanagan hugs supporters after conceding defeat in a recall election, Tuesday, Dec. 16, 2014.

Voters in Fall River recalled Mayor Will Flanagan in a special election Tuesday and replaced him with Bristol County District Attorney Sam Sutter.

Flanagan conceded defeat within an hour of the polls closing at 8 p.m. The incumbent had two chances in the special election. One was to avoid recall. The second was being selected again to be mayor.

Flanagan’s name was listed first on a slate of eight candidates.

It was not certain Tuesday night when the handover would take place.

The Herald News reported that Sutter would take office when the election is certified. The governor would appoint Sutter’s replacement, who would serve until the next election.

Unofficial results from the city Board of Elections showed 69 percent of voters casting ballots in favor of the recall.

With all of the precincts reporting, Sutter won the office with about 37 percent of the vote. Flanagan was second with 27 percent, followed by Shawn Cadime with 19 percent.

“This is a wonderful moment for me, and let’s hope it turns out to be a wonderful moment for the city,” Sutter said.

Asked Tuesday night if he had any regrets, Flanagan told NBC 10, “Of course, but I’m proud of our administration.”

Critics of Flanagan sought his recall, claiming fiscal mismanagement, fire department layoffs and a public outcry over the city’s pay-as-you-throw trash program.

Flanagan won his third term as mayor in November 2013 with 69 percent of the vote, the same percentage that voted for his recall Tuesday.

Sutter has run unsuccessfully for Congress and considered a run for attorney general. His office is prosecuting a 2013 case in which Aaron Hernandez has pleaded not guilty to murder.

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Local Politics