Paterson's latest budget cuts reach $2.5 million
By Rachel Messina
Last Updated:1:31 PM EST 11/5/09 Section: News
New York State is trying to recover itself out of a $3 billion dollar deficit which could reach $4.1 billion. New York State Governor David Paterson is still trying to recover the shortage with some high numbering budget cuts that can affect many, especially New York City public schools, public schools in general, and healthcare, specifically Medicaid.
The proposal set on October 15, 2009 planned a financial plan cut of nearly $2.5 billion to healthcare and education to battle the debt.
The recent package consists of roughly $1.8 billion in immediate 2009-10 expenditure cutbacks. In that scheme, there is a plan to cut $500 million in administrative non-personal service cuts and local aid and Medicaid reductions, (Albany's Times Union).
As reported by the New York Post, "Paterson and State Comptroller Thomas DiNapoli are warning that if no action is taken quickly, the fiscal crisis could spin out of control." But many are worried because these spending reductions will throw budgets of schools, hospitals and communities into turmoil.
New York City public education budgets will be hit pretty hard from these budget cuts. New York City alone accounts for some 40 percent of the state schools spending, and about $200 million will be cut, (New York Times).
Governor Paterson proposed budget cuts before right after the economic crisis in November and December of 2008. It was slightly higher then, being at $5.2 billion altogether which would again affect school institutions and healthcare the most. To follow up on this old budget cut, Paterson's old pan was approximately $4 billion more to be cut from budgets. That was $700 million cut from state aid in the fiscal year for education. Medicaid spending would have increased by 1 percent albeit spending for hospitals, nursing homes and other health care providers would be cut by more than $1 billion. (Figures from New York Post)
Compared with the new plan proposed last week, that is a lot more money cut out of the budget for schools and health care providers and especially to New York City as a whole.
New York State as a whole will be hurt from these financial cuts as we can see in educational systems and especially with healthcare.
Mike Cary, a sophomore, shared his opinion on the matter saying, "I think if the New York Government was more responsible beforehand we would not be in this trouble. If we spent our money wisely we could get back on track."
In addition Michael Iacono, freshman, said "Well, I guess I am sick and tired of the government borrowing money they can't repay, so the cuts are unfortunate but necessary for the future." The cuts seem to be plausible, but they will be hard to live. All we can hope is that the projected dollars that will be taken out of public schools and healthcare providers will not impact them as negatively as we imagine.
rlm03722@sjfc.edu
The proposal set on October 15, 2009 planned a financial plan cut of nearly $2.5 billion to healthcare and education to battle the debt.
The recent package consists of roughly $1.8 billion in immediate 2009-10 expenditure cutbacks. In that scheme, there is a plan to cut $500 million in administrative non-personal service cuts and local aid and Medicaid reductions, (Albany's Times Union).
As reported by the New York Post, "Paterson and State Comptroller Thomas DiNapoli are warning that if no action is taken quickly, the fiscal crisis could spin out of control." But many are worried because these spending reductions will throw budgets of schools, hospitals and communities into turmoil.
New York City public education budgets will be hit pretty hard from these budget cuts. New York City alone accounts for some 40 percent of the state schools spending, and about $200 million will be cut, (New York Times).
Governor Paterson proposed budget cuts before right after the economic crisis in November and December of 2008. It was slightly higher then, being at $5.2 billion altogether which would again affect school institutions and healthcare the most. To follow up on this old budget cut, Paterson's old pan was approximately $4 billion more to be cut from budgets. That was $700 million cut from state aid in the fiscal year for education. Medicaid spending would have increased by 1 percent albeit spending for hospitals, nursing homes and other health care providers would be cut by more than $1 billion. (Figures from New York Post)
Compared with the new plan proposed last week, that is a lot more money cut out of the budget for schools and health care providers and especially to New York City as a whole.
New York State as a whole will be hurt from these financial cuts as we can see in educational systems and especially with healthcare.
Mike Cary, a sophomore, shared his opinion on the matter saying, "I think if the New York Government was more responsible beforehand we would not be in this trouble. If we spent our money wisely we could get back on track."
In addition Michael Iacono, freshman, said "Well, I guess I am sick and tired of the government borrowing money they can't repay, so the cuts are unfortunate but necessary for the future." The cuts seem to be plausible, but they will be hard to live. All we can hope is that the projected dollars that will be taken out of public schools and healthcare providers will not impact them as negatively as we imagine.
rlm03722@sjfc.edu
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