City Comptroller William Thompson issued the "Capital Debt and Obligations report" and found that capital projects costs, which are "funded primarily with debt, has escalated by 187 percent since Fiscal Year 1990"—which translates into a debt per capita of $7,153. Thompson, as the city will will struggle to pay interest on its $59 billion "mortgage," said, "Capital projects that seemed affordable before may have been based on a revenue bubble that has since burst. New York City leads other large American cities in average debt per capita by a margin of two-to-one. Particularly in light of the City’s and the nation’s financial difficulties, it is imperative that now we redefine capital priorities in order to achieve fiscal responsibility.” Thompson is hoping to run against Mayor Bloomberg, who has asked for capital spending cuts of 20%, this fall in the mayoral election.