Paterson takes $1.6 billion in emergency action

By By THE ASSOCIATED PRESS

Story Created: Nov 29, 2009 at 2:07 PM EST

Story Updated: Nov 29, 2009 at 2:07 PM EST

ALBANY, N.Y. (AP) - New York Governor David Paterson is now taking $1.6 billion worth of temporary, emergency measures to cover the state's December bills.

That's while he's continuing to try to get the Legislature to agree with $1.4 billion more to address a deficit.

Most of the immediate action involves shifting money from state agencies to the general fund, which must be returned to the agencies within four months under law.

He also says he will temporarily use some cash from previously scheduled borrowing for capital projects.

Two major pieces are less certain. He plans to get $200 million from the group yet to be chosen to put video slot machines at Aqueduct race track, a process delayed for years. He also seeks $250 from the Battery Park City Authority, but that requires approval from City Hall.

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