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Gov. Paterson proposes $5B in spending cuts
Quick ReadAfter warning earlier Thursday that deep, painful spending cuts were needed to deal with a growing state budget deficit, Gov. David Paterson has proposed $5 billion in spending cuts over two years to attack the deficits.
Photo credit: Newsday/John Paraskevas | 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)
Paterson calls again for midyear cuts in school aid
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...
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