MTA Gets Budget Cut, Won’t Raise Fares Till 2011

MTA Chief Jay Walder

As the state cuts the budget for every state agency (except the legislature, of course), the fiscally irresponsible MTA will have $140 million less to waste next year.

The agency got its budget slashed by $140 million under the state deficit reduction plan in the legislature, $30 …

Paterson to Make Emergency Cuts

David Paterson

The state legislature has dragged its feet on budget cuts for more than a month and a half, despite the fact that New York is facing a complete economic collapse. Earlier this week, Governor David Paterson took matters into his own hands, going ahead with a plan that would allow him …

Bloomberg Wants Even More Budget Cuts

Mayor Mike Bloomberg

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 …

Paterson, Senate Debate Budget Cuts

State Senator Carl Krueger

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 …

Paterson Warns of State Going Broke

David Paterson

While the federal economy is showing mixed signals, New York Governor David Paterson is warning New Yorkers that the state will go broke in a month if the state legislature does not cut the $3+ billion from the budget that he suggested.

Of the $3.2 billion that Paterson asked the state legislature to cut, …