Governor David Paterson is ordering 10 percent of state aid payments to schools
and local governments be delayed because the state is $1 billion short
of its obligations due to be paid Tuesday.
Governor David Paterson says New York has run out of cash and he’s directing budget
officials to reduce aid payments to schools, local governments and non-profit
service providers until things improve.
In the latest
episode of Albany’s failure to address a worsening state deficit, Governor
David Paterson says negotiations with the Legislature are over and its quote "last,
best offer" falls far short of what’s needed.
New York Governor
David Paterson is now taking $1.6 billion worth of temporary,
emergency measures to cover the state’s December bills. That’s while he’s
continuing to try to get the Legislature to agree with $1.4 billion more to address a deficit.