Stormy waters ahead
You didn't need to be a neurosurgeon to see over the last year that this state would be facing a fiscal crisis. Collapsing investment banks - which we used to havem but don't anymore - certainly made clear that the revenue side of the budget would be facing some strain.
Now, the governor is preparing to make cuts to that budget, and it's not going to be pretty.
Gov. David A. Paterson said in an interview on Sunday that he would almost certainly seek billions of dollars in cuts to Medicaid, as well as midyear reductions in school aid, to address New York’s worsening fiscal condition.
He also said he expected to urge labor unions to reopen the contracts they have struck on behalf of public employees as a way to avoid or decrease layoffs.
WFP hasn't yet weighed in with multiple email blasts, but of one thing you can be certain: nobody's cutting a dime to schools while Randi Weingarten yet breathes.
budget | David Paterson
