Mayor Bloomberg chose the members of a new commission that will study and revise the city charter [PDF]—the document that outlines how New York City government works. According to the Times, the 15-member panel of "longtime loyalists, educators, political operatives and community leaders" will study the document and suggest changes, which could include reinstating two-term limits on city politicians, encouraging nonpartisan elections, and abolishing the city's public advocate and borough presidents.

The panel will be chaired by City University Chancellor Matthew Goldstein, and it could have some recommendations ready for voters by November. "The mayor wants a real, comprehensive review," Goldstein told the Daily News. "This is an independent commission, with no mandate to get one thing done or another thing done." He added: "Certainly term limits will be something we will consider, but beyond that, I don't want to speculate."

Bloomberg promised to form a commission that would examine the extension of term limits after billionaire Ron Lauder said he would support the shift from two terms to three terms in exchange for a seat on the panel. A source told the Post that Lauder was offered a spot on the commission, but turned it down because he didn't have time.