Governor David Paterson and the Legislature met yesterday for an emergency session to deal with the state budget. Paterson had requested a billion in cuts, but it appears the slashing will result in $411-500 million in cuts. Senate Majority Leader Dean Skelos tried to find the silver lining, "What we're going to do today will translate into a billion dollars or more off of next year's deficit, so I think that's a significant start." Of course, the problem is that if Wall Street and the economy continue to falter, the deficit could grow to $26.2 billion in three years. While some education programs were spared, CUNY will be hit with $51 million less in funding.