Gov. Paterson proposes $5B in spending cuts
Gov. David Paterson is proposing a $5 billion plan to reduce New York’s deepening deficits with across-the-board cuts over two years.
Paterson wants a state spending cap, a cut up to 4.5 percent inthis year’s remaining school aid and a pension plan for new stateworkers that’s less costly than benefits for current and pastemployees.
The Democrat says Thursday the state would save $9.3...