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Paterson: State income tax refunds may be delayed

Quick ReadThe governor vowed to withhold $500 million in refunds until early April as part of a larger plan to forestall New York from running out of money.

NY Gov. David Paterson (Nov. 10, 2009)

Photo credit: AP | NY Gov. David Paterson (Nov. 10, 2009)

ALBANY - Some state income tax refunds will likely be delayed if state leaders fail to adopt a budget by the April 1 deadline, Gov. David A. Paterson said Thursday.

The governor vowed to withhold $500 million in refunds until early April as part of a larger plan to forestall New York from running out of money on March 31, the end of the current fiscal year. The 2010-11 budget would close this...

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