Paterson takes $1.6B in emergency cash

(AP) - Gov. David Paterson is now taking$1.6 billion worth of temporary, emergency measures to cover New York's December bills. That's while he's continuing to try to getthe Legislature to agree with

News 12 Staff

May 27, 2014, 9:40 PM

Updated 3,651 days ago

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Paterson takes $1.6B in emergency cash
(AP) - Gov. David Paterson is now taking$1.6 billion worth of temporary, emergency measures to cover New York's December bills. That's while he's continuing to try to getthe Legislature to agree with $1.4 billion more to address adeficit.
Most of the immediate action involves shifting money from stateagencies to the general fund, which must be returned to theagencies within four months under law. He also says he willtemporarily use some cash from previously scheduled borrowing forcapital projects.
Two major pieces are less certain. He plans to get $200 millionfrom the group yet to be chosen to put video slot machines atAqueduct race track, a process delayed for years. He also seeks$250 from the Battery Park City Authority, but that requiresapproval from City Hall.
The governor has called lawmakers back to Albany to work on the deficit.


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