Home / Markets
Tuesday, December 16, 2008
NY Governor Calls for Layoffs, Cut in School Aid
Associated Press
ALBANY, N.Y.--Gov. David Paterson is calling for some layoffs and a cut in school aid in the state budget proposal he's releasing today.
The governor's office has released some details ahead of his official presentation of the spending plan later this morning in Albany.
Paterson's $121 billion budget for the 2009-2010 fiscal year would mostly hold overall spending flat from the current fiscal year.
In order to accomplish that, Paterson wants to cut school aid by nearly $700 million and eliminate more than 3,000 state jobs, mostly through attrition even though his budget calls for 521 layoffs.
New York governor's usually don't release their budget proposals until January. But Paterson is presenting the budget a month early to try to deal with what he calls a historic fiscal crisis facing the Empire State.
Fox Business Video
-
-
The Business of Sports
-
Nov 7, 2009
FOXBusiness.com LIVE
-
-
-
Jim Caviezel: Hollywood and th...
-
Nov 7, 2009
Actor in life in film
-
-
-
Ticker Tape Parade Invades Downtown
-
Nov 7, 2009
Yankees celebrate 27th World Series win
-
-
-
Cavuto Business Report 11-06-09
-
Nov 7, 2009
Business Report: Cavuto
-
-
-
Pro Poker Player: $2M in 2 Months
-
Nov 7, 2009
Pro Poker player on growing success of sport
-
