CNN

WASHINGTON (CNN) - CNN projects Independent candidate Michael Bloomberg will be elected to a third term as New York City mayor.

Bloomberg appears headed for victory.

(CNN) – A new survey suggests that New York City Mayor Michael Bloomberg, running for a third term in office, holds a 12-point lead over his Democratic rival with just one day to go before voters there head to the polls.

According to a Quinnipiac University survey released Monday morning, 50 percent of likely New York City voters support Bloomberg, running as an independent, with 38 percent backing the Democratic candidate, New York City Comptroller William Thompson. Ten percent of those questioned are undecided and 1 percent supports Stephen Christopher, the Conservative party candidate.

Bloomberg's 12 point lead is down from an 18 point advantage he held over Thompson in a Quinnipiac poll released a week ago. Bloomberg was up 15 points over Thompson in a Marist College survey that came out Friday.

The survey indicates that Bloomberg is leading overwhelmingly among Republicans, has a 40 point advantage among independent voters, while Thompson leads by 5 points among Democrats. The poll suggests a racial divide, with Bloomberg leading among white voters by 42 points and Thompson holding a 39 point advantage among African-Americans. Hispanic voters back Bloomberg by eight points.

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