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Cuomo: State budget numbers 'collapsing quickly'

Monday, November 28, 2011 - 04:39 PM

By Karen DeWitt, New York Public Radio Capital Bureau Chief

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Governor Andrew Cuomo is not ruling out a special session of the legislature in December to deal with a growing state budget deficit.

Cuomo, who is facing a $350 million dollar budget deficit this year, and a $3.5 billion dollar hole in next year’s spending plan, says there’s a need for a special session of the legislature. But he says he won’t call back lawmakers just for the “theater” of it, and will first try to agree on a deficit reduction plan with legislative leaders.

“There’s no doubt that the numbers are collapsing,” said Cuomo. “And collapsing quickly.”

The governor says there are budget reductions that he can do on his own, without the legislature, or he could simply ask the legislature for authority to cut the budget, without requiring lawmakers to agree on a specific plan. He would not say whether large payments due to schools and local governments in December would be deferred, saying all options are on the table.

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Comments [4]

Larry Littlefield

Given that New York already has just about the highest state and local taxes in the country as a share of income, who should have their taxes cut to offset higher taxes on the wealthy?

Nov. 29 2011 11:06 AM
Larry Littlefield

Given that New York already has just about the highest state and local taxes in the country as a share of income, who should have their taxes cut to offset higher taxes on the wealthy?

Nov. 29 2011 11:06 AM
Ron

Cuomo is turning out to be an embarrassment to Democrats and to his father.  He should stop trying to draw blood from a stone and just raise taxes on the wealthy to balance the budget.  If they're shallow enough to leave the State rather than pay their fair share, then I say let them go.  In the long run, we'll be better off without them.

Nov. 29 2011 03:09 AM
Ron

Cuomo is turning out to be an embarrassment to Democrats and to his father.  He should stop trying to draw blood from a stone and just raise taxes on the wealthy to balance the budget.  If they're shallow enough to leave the State rather than pay their fair share, then I say let them go.  In the long run, we'll be better off without them.

Nov. 29 2011 03:09 AM

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