Recent Posts
NYC Blogs
Click here for a list of NYC blogs
Newsfeeds
Search This Blog

48 Hours
June 25th, 2010

Gov. David Paterson is ready to force the legislature to either approve his remaining budget proposals or shut down the state government. He will give legislative leaders the weekend to continue negotiations but without a major break legislators will have to choose between Paterson’s plan and a government shutdown.

The Times Union has more on what is in Paterson’s budget extender.

Here is Paterson’s statement:

In January, I put forward a budget proposal that reflected our time; a budget of necessity, not of choice. In my budget, I made the difficult decisions that we all know are necessary for New York to emerge from this crisis and build a strong fiscal and economic foundation.

Today, I am taking the final step toward enacting a budget and closing the deficit. When taken with the other portions of the budget that have already been passed, the final budget will fulfill the core principles of my initial proposal: shared sacrifice combined with recurring spending reductions and responsible budgeting.

The final budget does not borrow money to fund general operating expenses; it closes the budget deficit primarily through deep but necessary spending reductions, and includes responsible new revenue streams. This budget will help our State turn the corner toward a more hopeful and optimistic future.

While the final budget addresses the challenges we currently face, it also provides a method for alleviating future economic duress should any unforeseen circumstances arise and jeopardize this balanced plan.

As I have said for months, I am willing to listen to alternative solutions to New Yorks budget crisis, and will continue to listen to suggestions from the Legislature over the next 48 hours. However, while the door remains open for negotiation, it will not be on Albany time, where deadlines only exist to be extended or ignored. Absent a negotiated agreement with the Legislature, the emergency extender I will propose will be submitted to the Legislature for an up or down vote. New Yorkers are entitled to a final budget and they will get it on Monday, just as I promised.

Here is a statement from Senate Democratic spokesman Austin Shafran:

Working with the Assembly and Governor, we have made the smart cuts and tough choices necessary to reach the final stages of a budget New Yorkers can afford. While having not yet seen the Executives bill, we will continue negotiations, meet our obligation and pass a fair budget by Monday.

Here is the statement from Assembly Speaker Sheldon Silver:

My Assembly colleagues and I are working with the Senate and the Executive to complete the state budget. We recognize that New York faces extraordinary fiscal challenges, and that this budget will include billions in cuts. However, we are committed to sparing our schools from the most devastating cuts, ensuring that our higher education system remains accessible to all New Yorkers, and providing much-needed property tax relief. We are also committed to acting responsibly to complete this process and to continue the operations of government.

By on June 25, 2010, 6:29 pm
In category: Albany,Eye on Albany | 1 Comment »

| More

RSS Feed RSS Feed


One Response to “48 Hours”

  1. Jerald Runnion Says:
    July 20th, 2013 at 7:25 pm

    Hello, especially high quality write-up. Expect to read some more about the item in the longer term. Regards!

Gotham Gazette the Place for Politics and Policy

Gotham Gazette is published by Citizens Union Foundation and is made possible by support from the Robert Sterling Clark Foundation, the John S. and James L. Knight Foundation, the Altman Foundation,the Fund for the City of New York and donors to Citizens Union Foundation. Please consider supporting Citizens Union Foundation's public education programs. Critical early support to Gotham Gazette was provided by the Charles H. Revson Foundation, Rockefeller Brothers Fund and the Alfred P. Sloan Foundation.

RSS Feed