Paterson on the Budget Deficit: ‘We Are Going to Need Federal Assistance’
Mr. Paterson is going to Washington. Meanwhile, on the home front, there's already a game of chicken going on between him and the legislature over who will cut first.
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Mr. Paterson is going to Washington. Meanwhile, on the home front, there's already a game of chicken going on between him and the legislature over who will cut first.
That's more than double the projected deficit from August.
Hizzoner orders $1.5 billion in reductions across the board over the next two years.
Having forced the State Legislature to reconvene over economic issues, the governor made progress — but critics argue it wasn't nearly enough.
Public-school funding is safe so far, according to Paterson, but big cuts in discretionary funding, local government aid, and health care are on the horizon.
The assembly speaker is once again aiming for a "millionaire's tax," which the governor dismisses — arguing that taxes are "addictive."
The speech served as a Bat signal to stir powerful New Yorkers who can put the governor's urgent message into play.
New York legislators and special-interest groups are already gearing up for a battle.
As predicted, the governor's televised address had more warnings than it did solutions.
In an hour the governor of New York will make his television address about the financial crisis facing the state. Will it be enough to change Albany? And will it be enough to change him into a new kind of governor?
News of massive budget gaps double punches us early this week for both the city and the state.
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