Paterson calls leaders meeting to tackle $3B deficit

By By The Associated Press

Story Created: Oct 21, 2009 at 6:09 AM EST

Story Updated: Oct 21, 2009 at 6:09 AM EST

ALBANY, N.Y. (AP) - New York Gov. David Paterson is calling a meeting with top state legislators to deal with the estimated $3 billion deficit for the current fiscal year.

Paterson says the state doesn't have time to waste and suggested
trimming the deficits by $5 billion over two years. His recommendations includes a 4.5 percent cut in school aid that has yet to be sent to districts.

His proposals also include a $120 cut in every grant to college students under the Tuition Assistance Program, less money for hospitals and nursing homes, and some transfers of surpluses from state authorities.

Paterson is meeting Wednesday morning with legislative leaders who have refused to provide their own proposals for cuts. The leaders have said they'll work with Paterson but so far haven't supported his proposals.

(Copyright 2009 by The Associated Press. All Rights Reserved.)
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