Brodsky vs. Bloomberg Over Yankee Stadium HearingAssemblyman as·sem·bly·man n. A man who is a member of a legislative assembly. assemblyman Noun pl -men a member of a legislative assembly Noun 1. Richard Brodsky Richard Brodsky (b. 1946) represents District 92 in the New York State Assembly, which includes the towns of Greenburgh and Mount Pleasant, the villages of Ardsley, Elmsford, Dobbs Ferry, Hastings-on-Hudson, Irvington, Tarrytown, as well as parts of Briarcliff and Yonkers, among , on a nearly seven-month campaign to battle the issuance of $430 million in additional tax-exempt bonds Tax-exempt bond A bond usually issued by municipal, county, or state governments whose interest payments are not subject to federal and, in some cases, state and local income tax. tax-exempt bond See municipal bond. for the new Yankee Stadium  This article or section is about a planned or proposed stadium.It may contain information of a speculative nature and the content may change dramatically as the construction and/or , wants a hearing next week on the project, but the city is not eager to attend. This morning, Mr. Brodsky sent out a press release announcing that he was holding a hearing on Wednesday on the stadium deal, a day before the city holds its public hearing for the bonds. He invited two representatives of the city, Seth Pinsky, the president of the Economic Development Corporation, and Derek Park, who is the vice-chair of the agency that approves the bonds. "The City's attempt to ram through this complicated project without disclosure of its implications is not acceptable as the Legislature considers what changes in State law it ought to be making," Mr. Brodsky said in a statement. In a letter today, the Bloomberg Bloomberg A major global provider of 24-hour financial news and information including real-time and historic price data, financials data, trading news and analyst coverage, as well as general news and sports. administration fired back, rebuffing Mr. Brodsky by saying the officials did not have time to attend. In addition to the bond hearing on the following day, the mayor is scheduled to deliver his State of the City speech next Thursday, the day after Mr. Brodsky's scheduled hearing. Safe to assume Mr. Brodsky and the mayor have a less than cheery cheer·y adj. cheer·i·er, cheer·i·est Showing or suggesting good spirits; cheerful: a cheery hello. cheer relationship. Earlier this week, the mayor responded to questions about charges from Mr. Brodsky by saying: “Assemblyman Brodsky is criticizing everything,” and, “I just don’t have enough time to answer every one of Brodsky’s complaints.” A note on the tax-free bonds: The bonds do not represent direct subsidy subsidy, financial assistance granted by a government or philanthropic foundation to a person or association for the purpose of promoting an enterprise considered beneficial to the public welfare. or taxpayer money themselves. As tax-exempt bonds, investors generally save somewhere in the range of one-fifth of the cost of the bonds when they are tax-exempt, with the bulk of those savings coming out of federal tax rolls (the investors that buy the bonds don't have to pay tax on their gains, and therefore can offer the bonds at a lower rate). Full response in the city’s letter here, which also includes a lengthy set of other letters to the assemblyman. 
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