BALCONY - Business and Labor Coalition of New York
November 10th, 2009

BALCONY members are closely monitoring this week’s legislative debate on the New York deficit, as Governor Paterson warns of a 4.3 billion deficit while proposing cuts education ,health care and state payments to the state pension funds.

NYSUT is already on record opposing the education cuts (click here: NYSUT)

The CSEA is concerned about fiscal responsibility and saving jobs.

The Public Employees Federation (PEF) is urging the state to save tax dollars by eliminating state consultants (link: PEF)

And finally The New York State Nurses Association urges state legislature to NOT enact interim budget cuts (link: NYSNA).

Link to the text of Governor David Paterson’s November 9th address to the legislature (Address).

New York Must Return to Budget Basics and
Align Spending With Revenue

Report Indicates Growing Gaps Require Corrective Action and Fiscal Discipline

New York state faces a cumulative General Fund gap of up to $27.5 billion through fiscal year 2011-12 even as the Governor and the Legislature confront a deficit in the state’s current budget that could exceed $4.1 billion, according to a spending and revenue report State Comptroller Thomas P. DiNapoli released today as part of the state’s “Quick Start” budget process.