NEW YORK, NY January 17, 2008 —In his State of the City address today, Mayor Bloomberg pledged to cut property taxes by 7 percent for the second year in a row. WNYC's Bob Hennelly has more.

Mayor Bloomberg came to Queens to give the annual address. His commitment to another round of property tax cuts had several caveats. But the speech was packed with major initiatives that rely on utilizing the latest technology to bring greater accountability and efficiency to municipal services.

With five immigrant families from Flushing on stage with him, he challenged the country as a whole to see diversity as a vital national asset. He said that the City still needed to bring it's governance into the 21st century and called for the convening of the first Charter Revision Commission in 2O years to make it happen.

A confident Mayor Michael Bloombeg challenged the City to embrace change or become a victim of it. For WNYC I am Bob Hennelly