Posted on 11/17/2008 1:01:37 AM PST by neverdem
Gov. David A. Paterson and legislative leaders failed to reach a resolution on the state’s deepening financial crisis on Sunday, throwing into doubt the chances that an agreement could be reached before an emergency legislative session scheduled for Tuesday.
Mr. Paterson met with the Senate majority leader, Dean G. Skelos, and the Assembly speaker, Sheldon Silver, in his Midtown Manhattan office on Sunday afternoon. But by the time the meeting ended, after about an hour, it was not clear that the Legislature would even vote on Mr. Paterson’s plan to close the state’s budget deficit.
In a statement issued after the meeting, Mr. Paterson laid the blame for the impasse on Mr. Skelos, a Long Island Republican who has said that the governor’s plan, which includes cuts in financing for schools and hospitals, was a nonstarter.
“It was clear from the meeting that Majority Leader Skelos has not changed his position,” Mr. Paterson said, adding that he was still optimistic a compromise could be struck. “I hope that by Tuesday we will have a constructive package of spending reductions for this year.”
But Senate Republicans strongly objected to Mr. Paterson’s characterization that they were standing in the way of a deal, saying that the governor had yet to present them with legislation that would result in the $5.2 billion in savings — through cutting spending and raising revenue — that he is seeking...
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The near collapse of the financial services industry threatens to leave the state’s treasury depleted. About a quarter of the tax revenue that New York collects each year comes from Wall Street. And in the fourth quarter of the state’s fiscal year, from January through March, nearly a third of the state’s revenue has come from Wall Street because of the taxes it collects on bonuses...
(Excerpt) Read more at nytimes.com ...
FReepmail me if you want on or off my New York ping list.
IT’S FUNNY
come on democrats, you know you are gonna screw things as always
What was it Paterson called New York’s economy? A “social services economy”?
The Republicans in NY are the ones opposing the social services cuts.
What a mess.
They tried so hard but they just couldn’t find any cuts.
HERE COMES HIGHER TAXES
Get rid of any services connected with welfare and tighten up the welfare requirements.
Too many healthy, able bodied people mooching off the taxpayer in this state; people who use the money for drugs and booze and sit around on their butts all day and sneer at those who are paying the taxes to support them.
Thanks for the ping!
Worthless Senate Republicans are unable to learn anything.
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