WNYC's Bob Hennelly is an award-winning investigative journalist. While at WNYC he has reported on a wide gamut of major public policy questions ranging from immigration and homeland security to power outages and utility mergers.
New York, NY –
Governor David Paterson took to a podium at his Midtown Manhattan office and offered a grim prognosis for New York State's economic health. His midyear assessment finds that Wall Street revenues have fallen so low, the state's current budget is now in the red by $1.5 billion. Next year's budget will be worse, with a projected $12.5 billion shortfall. WNYC's Bob Hennelly was at the governor's gloomy presentation.