Governor David Paterson To Address New Yorkers Tomorrow on the State’s Poor Fiscal Condition

From: NY1: Top Stories July 28, 2008.

July 28, 2008
“Governor David Paterson confirmed this morning that he will deliver a special address to New Yorkers tomorrow evening on the state’s poor financial condition.

At the press conference, he will break the news that services will be cut and the state workforce must be reduced.

The governor will order state agencies to reduce budgets beyond the 3.3-percent cuts ordered earlier this year.

“One thing about panic, at least the situation is being addressed,” said the governor today. “We don’t have to panic, because there are ways we can respond. But, we’re going to have to respond immediately.”

Paterson has reportedly been meeting with financial experts and former state officials from the administrations of Governors Mario Cuomo and Hugh Carey.

Paterson could call the state Legislature back in session to propose revising the budget.”