Results tagged “statedeficit”

Today, Governor David Paterson will present his plan for about $2.5 billion in budget cuts. When asked about it, Paterson previously only said, "Pain," but he also told the Daily News, "It's going to be pretty grim. It's going to be fair. It's going to be across the board. It's going to be hard to endure, but the consequences [of doing nothing] are harder."

Governor Paterson gave a rare televised address this afternoon, asking state lawmakers to head back to Albany for an emergency session to discuss the state deficit. Paterson said the deficit had gone up $1.4 billion in 90 days, from $5 billion to its current $6.4 billion.