Gov. Paterson proposes $5B in spending cuts

After a meeting with Long Island transportation, environmental

After a meeting with Long Island transportation, environmental and development groups on Thursday in Farmingdale, Gov. David A. Paterson takes a moment to speak with reporters. (Oct. 8, 2009) Photo Credit: Newsday/John Paraskevas

advertisement | advertise on newsday

ALBANY - 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 in
this year’s remaining school aid and a pension plan for new state
workers that’s less costly than benefits for current and past
employees.
   

advertisement | advertise on newsday

The Democrat says Thursday the state would save $9.3 billion
over five years under his plan.
 

He isn’t calling for any tax increases.

The proposal now goes to the Legislature, which would have to
approve any cuts to education, health care, public safety and other
politically sensitive areas.

Paterson and lawmakers agreed on a $131.8 billion budget in
April that included more than $4 billion in tax increases and
relied on temporary federal stimulus funds.

advertisement | advertise on newsday

 

Get The 1600 newsletter, our inside look at the race to the White House.

Comments

Newsday.com now uses Facebook for our comment boards. Please read our guidelines and connect your Facebook account to comment.

You also may be interested in: