NYC Mayor Bloomberg just dropped $350,000 into the campaign to beat Monica Ratliff in a runoff for the LA school board.

A few weeks ago, Bloomberg gave $1million to the coalition of billionaires, who assembled a $4 million war chest, mostly to defeat Steve Zimmer.

Bloomberg’s million was enhanced by fat gifts from Rupert Murdoch, Michelle Rhee, Eli Broad, and the Hollywood elite.

And they lost!

Steve Zimmer won by a proportion of 52-48. He beat the billionaires and moguls!

Can Monica Ratliff beat the billionaires?

Can Michael Bloomberg buy a seat on the LA school board?

He already owns the NYC board. Why does he want to own one 3,000 miles away?

Stay tuned.