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While Governor David Paterson has been pushing the legislature to cut the state budget by $3.2 billion, top Democrats have been reluctant to make the tough cuts to education and hospitals, opting to push for bigger debt in order to keep their jobs.
While the State Assembly is on board, the State Senate, particularly the Carl Krueger-led finance committee, has been reluctant to make tough, unpopular, but seemingly necessary decisions.
In response to the stalling by the Senate, Paterson has proposed an emergency bill that would allow him to make the necessary cuts, and thus taking the …continue reading
While Mayor Mike Bloomberg is saying that he doesn’t want to layoff any city workers in order to get the city out of its economic funk, his office’s recent budget maneuvering has made layoffs all but certain.
Bloomberg had planned to layoff more than 20,000 workers earlier this year but the Obama stimulus package helped save those jobs. Not a year later, City Hall is moving back to original plan while New York City continues to see its unemployment rate grow. In Brooklyn, the unemployment rate is already a whole percent higher than the national rate.
According …continue reading
While New York Governor David Paterson tries to convince the state legislature to cut $3.2 billion from the state budget, New York City Mayor Mike Bloomberg wants to cut an additional $1.7 billion from the city budget.
Mayor Mike has said that he wants to cut $500 million from this years budget and $1.2 from next year’s.
His plan would involve cutting 1.5% of the education budget, 2% from the “uniformed services” (i.e. cops, firefighters), and 4% from everything else this year.
Next year, the education system would have its budget cut by an additional 4%, …continue reading
Despite New York State’s growing $3 billion deficit, state senate leaders did not respond to Governor David Paterson’s speech to a joint session of the legislature as he would have liked.
As New York faces an economic collapse similar to the one in California, state legislators are doing what they have always done, avoiding any unpopular yet necessary actions that could threaten their jobs, while the Governor avoids pushing too much and is all too willing to compromise.
New Yorkers have come to expect the state legislature to avoid any unpopular actions but many are starting to …continue reading
Many people were dismayed to see the national unemployment rate rise above 10 percent for the first time in three decades but that rate is even higher in Brooklyn where 125,000 people are out of work.
The Department of Labor announced earlier this month that the federal unemployment rate has hit 10.2%, the highest that it has been in more than 25 years. Later, the Labor Department also disclosed that the unemployment rate in Brooklyn had hit 11 percent.
This was not promising news for Brooklynites seeing as how every expert has predicted that the unemployment rate will rise even higher before the …continue reading
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