Paterson Announces $5 Billion State Budget Cut Plan
As foreshadowed, education, health, and social services are the prime targets. Some governmental agencies, such as the Battery Park City Authority, will be raided for cash.
Paterson also expects whoever finally gets the Aqueduct racino contract to pay $200 million up front for it, rather than over two years as previously stated, and a windfall of $350 million from a tax amnesty program.
Healthcare Association of New York State immediately rose to denounce the cuts ("once again, health care has been disproportionately targeted"). Paterson is unlikely to heed them. "All of us will have to sacrifice to save the state," he said.