2008_11_deficit.jpgWe'll sift through more of the details tomorrow, but here are the highlights from Governor Paterson's budget cuts: According to NY1, "Reducing the growth of education budget 9% to 5%"--savings of $585 million-- and reducing growth of Medicaid from 2% to 1%--a savings of $572 million. Also, cutting $41 million in aid to NYC and higher education cuts of $115 million. Assembly Speaker Sheldon SIlver and State Comptroller Thomas DiNapoli both praised Paterson's leadership; DiNapoli's press release said, "The economy will probably get worse before it gets better. The sooner we take action to control spending and address the out year budget gaps, the better New York will be in the long run."