Jump to content

New York facing fiscal nightmare...


Jet Moses

Recommended Posts

And the state legislature does nothing:

ALBANY – State lawmakers failed again.

Gov. David Paterson called legislators back to Albany on Tuesday with the task of trimming $2 billion from the state budget, but they left town without cutting a penny.

Party leaders scored body punches before the day ended, accusing each other of inaction and leaving critics with new reason to believe that Albany remains dysfunctional.

At a public meeting, Paterson sat between leaders of both parties as they passed blame instead of bills.

"We've got some ideas," said Dean Skelos, the Republican Senate majority leader. "Cut the $200 million in member items, how does that sound?"

"Sounds like $1.8 billion to go," Paterson replied.

Sheldon Silver, the Democratic Assembly majority leader, accused Republicans of passing the buck. "The crisis is not, as the senate majority leader suggested, exaggerated."

The public argument, which at times teetered on becoming a shouting match, seemed strangely cathartic. It ended with a hug between Paterson and Skelos, who agreed to work on the state's growing deficit—which could reach $15 billion—when the governor releases next year's budget Dec. 16.

The session stood in contrast to a similar meeting in August, when lawmakers agreed on $427 million in spending cuts. Paterson said he might convene another special session to try reducing the budget again before the fiscal year ends in April.

In the end, neither party was alone responsible for the legislative failure. Lawmakers from both parties shrank from Paterson's proposal to cut largely from education and health spending, which account for more than 50 percent of the state's budget.

"The only thing it will turn into is people paying more property tax," said Assemblywoman Aileen Gunther, D-Forestburgh.

Paterson had predicted the impasse earlier in the day, noting that Republicans and Democrats would have to move in unison because either party would face criticism if it was the first to advocate cuts.

Plenty of demonstrators were ready to criticize. Teachers, health care advocates and librarians showed up en masse and piled into the Capitol hallways with picket signs and pamphlets decrying Paterson's plan.

"Unless there's an agreement it's difficult to go forward," Paterson said. "The problem, as I see it, is that no one wants to deliver the bad news."

The governor had hoped that lawmakers would still trim the budget by suggesting revisions to his plan. But party caucuses did not meet until this weekend, and leaders did not offer alternatives until it was too late.

Some of the ideas included raising taxes for millionaires, levying a sales tax on gas and cigarettes in Native American reservations, and tapping into the state's reserve fund.

"Tap into the rainy day fund because, Governor, it's raining right now," Skelos said.

The economic storm is squarely hitting New York, which gets 20 percent of its revenue from Wall Street. And it could get worse as companies stop dishing out big bonuses to executives, which were taxed by the state.

The financial company Goldman Sachs announced Tuesday that it will not give bonuses to its top executives. Patterson said that will cost the state an additional $175 million in revenue.

abosch@th-record.com

http://www.recordonline.com/apps/pbcs.dll/article?AID=/20081118/NEWS/81118022

:lol:

Link to comment
Share on other sites

Well, the Driver Responsibility program and online sales tax should increase the money the state takes in.

I thought Education was allegedly paid through property tax? I know that is the story on LI.

They should make the entire budget publically available and let us decide what needs to be cut. I'm pretty sure there are a lot of politicians making too much money that don't want us to see that however.

Link to comment
Share on other sites

This stuff is going on in every state, it just kills me how politicians can't resist spending money on stupid stuff. Hell there are two recently completed roads projects near me that were a complete waste of money, one of them was an interstate on-ramp that was completely unnecessary, and another one they widened an interstate overpass by one lane, only to have the lane they added end right after the overpass. It's friggin' pathetic.

Link to comment
Share on other sites

And the state legislature does nothing:

In the end, neither party was alone responsible for the legislative failure. Lawmakers from both parties shrank from Paterson's proposal to cut largely from education and health spending, which account for more than 50 percent of the state's budget.

"The only thing it will turn into is people paying more property tax," said Assemblywoman Aileen Gunther, D-Forestburgh.

[url=http://www.recordonline.com/apps/pbcs.dll/article?AID=/20081118/NEWS/81118022]

You must not live in NYS JetMo. The legislature doing diddly squat during a crisis is the norm. Assclowns one and all.

Link to comment
Share on other sites

Shelly Silver is the assclown who for years has been holding up any kind of development in this city that wasn't directly in his southern manhattan district. I bet he would have quite a different attitude today if Woody and the Jets were dangling a nice fat development deal in front of him that he railroaded in the past. And where is that dip Dolan with the big project he had in mind for the rail yards? You can only throw your finger up so much at the private sector that wants to bring money into the city.

Please refrain from mentioning this assclown again. :puke: He's the worst of them all.

Link to comment
Share on other sites

This stuff is going on in every state, it just kills me how politicians can't resist spending money on stupid stuff. Hell there are two recently completed roads projects near me that were a complete waste of money, one of them was an interstate on-ramp that was completely unnecessary, and another one they widened an interstate overpass by one lane, only to have the lane they added end right after the overpass. It's friggin' pathetic.

Maybe they're being pro-active here and planning for 50 years in the future. :P

Link to comment
Share on other sites

This stuff is going on in every state, it just kills me how politicians can't resist spending money on stupid stuff. Hell there are two recently completed roads projects near me that were a complete waste of money, one of them was an interstate on-ramp that was completely unnecessary, and another one they widened an interstate overpass by one lane, only to have the lane they added end right after the overpass. It's friggin' pathetic.

N8b3963VRW4&feature=related

You must not live in NYS JetMo. The legislature doing diddly squat during a crisis is the norm. Assclowns one and all.

Nah, I live in Hudson Co. NJ, the most corrupt county in the most corrupt state in the country.

Link to comment
Share on other sites

Well, the Driver Responsibility program and online sales tax should increase the money the state takes in.

I thought Education was allegedly paid through property tax? I know that is the story on LI.

They should make the entire budget publically available and let us decide what needs to be cut. I'm pretty sure there are a lot of politicians making too much money that don't want us to see that however.

Lotto was supposed to fund education too. Until they saw how much money they could spend on all their other moronic programs. And recall they sold lottery as specifically and solely dedicated to education. So that deranged degenerate spending $150 on lottery tickets while your trying to buy a cup of coffee at 7/11 isn't doing you any favors either.

I wonder what's going to happen when the economic cycle worm turns, as it will. Simply the jobs that are leaving the financial services industry aren't coming back to high tax, high regulation NY. THere is no appreciation that telecommunications advances means what ever wonderful things you can say about Manhattan are meaningless when you don't physically have to be here and get hit off the head with taxes and ridiculous overhead.

Link to comment
Share on other sites

we are effed, we have a governor who won't even read the budget reports, he'll just turn a blind eye, LOL ........get it?

That is brutal. Funny but brutal.

If you could have worked in a Wesley Walker reference it would have been a double word score.

Link to comment
Share on other sites

This stuff is going on in every state, it just kills me how politicians can't resist spending money on stupid stuff. Hell there are two recently completed roads projects near me that were a complete waste of money, one of them was an interstate on-ramp that was completely unnecessary, and another one they widened an interstate overpass by one lane, only to have the lane they added end right after the overpass. It's friggin' pathetic.

I live in Colonie, NY. Land of the misspent tax dollar.

You're right, it's insane what goes on.

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

×
×
  • Create New...