State addresses financial frustrations

New York State has been strapped for cash lately ? but the governor has a plan to help the state out of its financial rut.Gov.

BROOKLYN - New York State has been strapped for cash lately ? but the governor has a plan to help the state out of its financial rut.

Gov. Paterson calls his plan the economic security candidate. It will consist of going throughout the state to see what is important to the people when it comes to spending.

Many people say affordable housing ranks top in what?s important to them. They want the government to make sure it can still provide affordable housing, and also request stipends for heating oil, which may triple in price by this winter.

Commissioner of Labor Patricia Smith says the state does not have an easy task at hand. ?We're not expecting a great infusion of money. We basically have the governor saying we have to do more with less. And that's what we're trying to do - find a plan that will help us do that,? she says.

Smith also says another way to cut spending is to cut out double spending. Double spending is when two initiatives saying the same thing are discussed in the same budget, which results in the initiative being paid for twice.

Paterson will make an announcement Tuesday about the state?s economic crisis. He is expected to discuss service cuts and order state agencies to slash spending.

advertisement | advertise on News 12

Trending Video

Two teens attempting to jump from one rooftop 1 Teen dies trying to jump between rooftops
News 12's Dan Serafin visited Lincoln High School 2 Lincoln H.S. alumnus plays in Sweet 16 of NCAA Tourney
Hundreds were on hand to honor an FDNY 3 Family, friends say final goodbye to fallen FDNY EMT
A man has been hospitalized after a shooting 4 Police: Man hospitalized after shooting on Nostrand Avenue
The organization works in neighborhoods to help promote 5 Save Our Street talent show takes over P.S. 289

advertisement | advertise on News 12

Features

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE