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 one and a half billion dollars. Next year's budget will be worse, with a projected 12 and a half billion dollar shortfall.