Daily Outrage: New York is about to go broke

 

WHO: New York Gov. David Paterson

WHAT: The state could run out of money before Christmas if the Legislature doesn’t cut its 2009-10 budget by $3.2 billion now, the governor told recalcitrant lawmakers in an unusual joint session. Paterson said New York’s huge budget deficit — nearly $50 billion during the next 3½ years — necessitates prompt cuts ranging from $500 million in general department spending to more than $1 billion in aid already committed to school districts and hospitals.

THE REACTION: State Senate Democrats, with their shaky 32-30 hold on the upper house, are terrified about making school and hospital cuts that could increase local property taxes and cause many incumbents to lose re-election. Many legislators appear to be stalling about even taking part in next week’s special deficit session called by Paterson.

WHY IT’S A BAD IDEA: It’s hard to believe, but New York is acting even more dysfunctional than California. At least during our state’s fiscal standoff, lawmakers recognized that spending cuts were necessary — the battle was about what to cut. New York legislators haven’t even reached that level, as their state is weeks away from going broke.
 

cutsLegislatureOpinionOther Opinion

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/

Just Posted

Students in an after-school community hub move quickly through a social circle as they play a game at the Mission YMCA on Friday, May 7, 2021. (Kevin N. Hume/S.F. Examiner)
Parents scramble for ‘Summer Together’ spaces

City program offering free camps sees high demand, confusion over enrollment

The San Francisco Giants celebrate team legend Willie Mays' 90th birthday before taking on the San Diego Padres at Oracle Park on May 7, 2021 in San Francisco, California. (Photography by Chris Victorio | Special to the S.F. Examiner).
Willie Mays returns to the ballpark for a special birthday bash

Giants celebrate No. 24’s 90th in an intimate party for a few thousand friends

The Port of San Francisco, which controls much of the The City’s waterfront, faces potential layoffs due to a financial crisis caused by the COVID-19 pandemic. (Steven Ho/Special to S.F. Examiner)
In a financial ‘crisis,’ SF Port officials lobby for stimulus funding

Looking to right their financial ship, Port of San Francisco officials are… Continue reading

Police Chief Bill Scott on Wednesday said a rebranding and reoganization of the former Gang Task Force amounts to “more than just the name change.” (Kevin N. Hume/S.F. Examiner)
Faced with surge in shootings, Chief Scott reenvisions SFPD’s Gang Task Force

New Community Violence Reduction Team adds officers with community-policing experience

San Francisco Symphony Music Director Esa-Pekka Salonen and members of the orchestra were thrilled to be back inside Davies Symphony Hall on May 6 in a program for first responders featuring string works by Jean Sibelius, George Walker, Carl Nielsen, Caroline Shaw and Edward Grieg. (Courtesy Stefan Cohen/San Francisco Symphony)
SF Symphony makes joyful return to Davies Hall

Esa-Pekka Salonen conducts program for first responders and community leaders

Most Read