« Forest City in Politics: Campaign Contributions |
Main
| New York Times Credulity Friday Edition »
February 11, 2008
Spitzer Quickly Reduces Revenue Projections, Citing the Gloomy Economy
The New York Times
by Danny Hakim
No, this story on further cuts in the New York State budget, brought on by worsening economic projections, doesn't mention Atlantic Yards, and that's the point. While the State and City are cutting spending on trifling things like education, healthcare and the environment, Bruce Ratner has so far escaped the knife.
Only three weeks after presenting its budget, Gov. Eliot Spitzer’s administration is lowering projections for tax revenue by $384 million, because of increasingly ominous reports of distress on Wall Street and in the nation’s economy.
To keep the budget in balance, the governor is proposing several new spending cuts, including further paring back increases in Medicaid reimbursements to hospitals, nursing homes and other health care providers, and dipping into the state’s environmental protection fund more than had been expected.
Posted by eric at February 11, 2008 11:02 AM