Spitzer: “Difficult budget year”
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- October
- 17
With the state facing a $4 billion budget gap in the next fiscal year, Gov. Spitzer said today that the state will have a series of hearings and town-hall meetings “to prepare for a difficult budget year.”
In a speech before the Citizens Budget Commission in Manhattan, Spitzer said the state will hold agency budget hearings later this month, followed by regional town-hall meetings to discuss the state’s fiscal problems and ways to curb spending.
Spitzer said he wants to hold the rate of growth in operating spending to the rate of personal income growth—which is about 5.3% this year.
Still, in his first budget this year, the state budget grew about three times the rate of inflation, which was roundly criticized by fiscal watchdogs.
This entry was posted
on Wednesday, October 17th, 2007 at 3:27 pm by Joseph Spector.
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Jay Gallagher has covered Albany for Gannett News Service since 1984 and has been Albany Bureau chief since 1989. He`s a native of the Boston area and likes to point out that in this millennium, the score is Red Sox 1 championship, the Yankees 0. 
Cara Matthews has been a statehouse correspondent in the Albany Bureau since August 2005. Prior to that, she covered Putnam County government and politics at The Journal News for nearly five years. Before that, she worked at newspapers in Connecticut and covered the state Legislature for one of them. 
When private industry is faced with a shortfall it makes cuts to survive. When government has shortfall it increases taxes. By ignoring its most important asset,its customers our government says “Hey, we need the money more that you…besides its for the children…blah blah blah. Unfortunately, the above policy has made a waste land of desolation in upstate New York as companies packed and left for greener pastures. Impervious to criticism and too arrogant to change policy, we the tax payers will once agained by fleeced to keep a bloated, out of touch government on its one journey to bankruptcy….Last one here please turn out the lights..