1993 Candidacy For Reelection
During Holtzman's 1993 reelection race for city comptroller, she faced Assemblyman Alan Hevesi and former Congressman Herman Badillo in the Democratic primary. Badillo was also the Republican nominee for comptroller on a fusion ticket with mayoral nominee Rudolph Giuliani. Ferraro, upset over Holtzman's ethics accusation from the 1992 Senate primary, encouraged Hevesi to oppose Holtzman. (Hevesi and Ferraro would later become estranged.) Service Employees International Union Local 1199 (a politically powerful health care union led by Jennifer Cunningham), endorsed Hevesi. While initial polls showed Holtzman an easy winner for reelection, the Fleet Bank loan from the Senate race was made an issue by Hevesi and Badillo during the NY1 debate and led to Holtzman losing support.
Holtzman's office in March 1993 included a Fleet entity on a list of recommended underwriters for the city's municipal bond sales. Her campaign still owed Fleet $255,000 on loan from the 1992 campaign, and had missed two payment deadlines.
In the primary, Holtzman finished second and was forced into a runoff with Hevesi. Hevesi crushed Holtzman in the runoff primary election, 67% - 33% and went on to defeat Badillo in the general election.
Read more about this topic: Elizabeth Holtzman
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“Gentlemen, those confederate flags and our national standard are what has made this union great. In what other country could a man who fought against you be permitted to serve as judge over you, be permitted to run for reelection and bespeak your suffrage on Tuesday next at the poles.”
—Laurence Stallings (1894–1968)