Gov. not planning layoffs, tax hikes
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- October
- 7
ÂÂ ÂÂ Gov. David Paterson, speaking on an Albany radio news show this hour, said he’s not planning any tax hikes or layoffs of state workers to help get New York out of its fiscal crisis.
ÂÂ ÂÂ But, he added, “I’m not ruling out anything because I don’t know what the future holds.”
ÂÂ ÂÂ The governor has called lawmakers back into session next month to cut an additional $2 billion out of this year’s state budget. State officials will have to makeÂÂ cuts inÂÂ next year’s budget without raising taxes, Paterson said. Budget officials are anticipating a budget gap of $8 billion next year.
ÂÂ ÂÂ The governor said he’s not trying to be all gloom and doom; he’s just trying to forewarn the public. “I’d like people to be prepared for what we’re in for, for what we’re going to face,” he said.
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on Tuesday, October 7th, 2008 at 10:32 am by Cara Matthews.
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No tax hikes nor lay-offs. What’s the alternative – cutting aid to municipalities and forcing local taxes up? Or maybe NY State will just start printing its own money.