Yesterday, Mayor Bloomberg was supposed to deliver a speech at the NAACP convention in Ohio, but was delayed in New York and didn’t get the chance. However, today’s Observer has the full text of the speech, in which the Mayor redefines the poverty line for New York City.

He (would have) said, “Right now, the federal government’s poverty formula tells us that the poverty threshold for a family of four is $20,000 – whether they live in Manhattan, New York or Manhattan, Kansas. This one-size-fits-all formula tells us about 19 percent of New York City residents are poor.

“But the cost of living is much higher than average in New York and many other cities, and our new formula takes that into account. As a result, we’ve found that the poverty threshold is $26,000 for a family of four in New York City – which puts 23 percent of New Yorkers below the poverty line.”