New York City Mayor Michael Bloomberg touted about his huge investment in education during his most recent State of the City address — but his bragging may be all talk.

Recent City University of New York statistics reveal nearly 80 percent of the city’s high school graduates can’t read, according to CBS Local’s New York affiliate.

“[Graduates] had to relearn basic skills — reading, writing and math — first before they could begin college courses,” the researchers said. Meanwhile, city graduation rates aren’t anything to brag about. A study says the Big Apple only graduates 37 percent of black and Hispanic males — the lowest rate in the nation.

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