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Bloomberg Delays Signing Of Sidewalk ATM Bill

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Mayor Michael Bloomberg

Mayor Michael Bloomberg (Photo by Marc A. Hermann-Pool/Getty Images)

NEW YORK (AP) — New York Mayor Michael Bloomberg has set aside a bill he was expected to sign that would have imposed steep fines regarding illegal sidewalk ATMs.

The bill would have let the city slap property owners with fines of up to $5,000.

Sidewalk ATMs are already illegal, but some lawmakers have said the law has not been effective.

Supporters of sidewalk ATMs testified at the bill-signing ceremony that the tough fines would hurt property owners financially.

They also said sidewalk ATMs are often the only means of electronic access to money in lower-income neighborhoods.

Bloomberg said he might not have received as thorough of a briefing on the bill as he should have.

The mayor said he was torn in two directions and needs to review the issue further.

(Copyright 2010 by The Associated Press.  All Rights Reserved.)

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