ALBANY — Gov. David A. Paterson has drawn the line against borrowing to help float the state’s finances. A lawmaker mired in investigations holds a vote that’s critical to any action in the Senate. The Assembly can’t see a way to pay for property tax relief, now the Senate’s top priority in budget talks.
Nearly a month after New York’s budget was due, Assembly Majority Leader Ronald Canestrari says Monday that negotiations are going nowhere.
Meanwhile, schools are operating with $2.1 billion less in state aid than they’d normally have and state funding for hundreds of construction projects statewide has been suspended.
And the word among lawmakers is that revenue from income tax payments isn’t coming in stronger that projected, which won’t help matters.