Gov. Paterson to withhold 10% from schools, local gov's - including NYC

[The Northerner]

Source: New York Daily News

ALBANY - New York City will lose at least $84 million in funding under Gov. Paterson's plan to withhold payments to keep the state afloat this month.

Saying the "day of reckoning" for cash-strapped New York state is here, Paterson announced on Sunday he is unilaterally withholding 10% of nearly $1.9 billion in school and municipal aid funding that was to be paid Tuesday.

For the city that means its school aid payment will be about $60 million short and its municipal assistance payment $23.9 million lower than expected, Paterson's budget office said.

The city is expected to lose more money at the end of the month when Paterson will withhold nearly 19% of the remaining $3 billion in scheduled payments statewide for a school property tax relief program and human service reimbursements to counties.


Read more: http://www.nydailynews.com/ny_local/2009/12/13/2009-12-13_untitled__2gov13m.html#ixzz0ZcDAhzIB

[Libertas1776]

1. God forbid

the ringleaders up in the Albany circus should take a pay cut.

[FreakinDJ]

2. Da Gov is taking his Cut ???

[WriteDown]

3. My home state...

is in a death spiral. This is chaos.

[Historic NY]

4. Meanwhile the MTA taxpayer pay roll tax boondoggle won't raise...

enough money. The Accidental one stuck employers with a payroll tax...They should be raising fares no taxing people who neither use or want the service. I don't get his effort, stuff he should be cutting he doesn't.

http://www.newsday.com/news/region-state/albany-says-no-bailout-for-mta-after-payroll-tax-fails-1.1644001