NY governor directs cut in state aid payments

[The Northerner]

Source: Associated Press

ALBANY, N.Y. — Gov. David Paterson said Wednesday that New York has run out of cash and he's directing budget officials to reduce state aid payments to schools, local governments and nonprofit service providers until things improve.

Speaking at the Museum of American Finance in Manhattan, Paterson said he'll probably get sued, but he won't let the state run out of money on his watch.

"I am directing the Division of the Budget to limit payments so that we will have the cash to pay our debts at the end of December," Paterson said. "I will continue to withhold payments until this economy is leveled off."

"Now New York has run out of cash," he said. "You can't spend money that you don't have."

Read more: http://www.google.com/hostednews/ap/article/ALeqM5jNqfXY62TeWZJkoHgbFGH63WJ0AAD9CG1L882

[aldo]

1. Obama, support the States!

C'mon, get those printing presses rolling. You do it for the wars!