Representative Charlie Rangel promised to save New York when the Congress “reconcoliates” it with House legislation.
Michael Bloomberg called Kirsten Gillibrand to express displeasure with the Senate version.
David Paterson formally rebutted a law suit claiming he improperly stalled money due school districts.
Paterson said it doesn’t really matter, because the money will be there in January.
Richard Ravitch bristled at those who criticized him for hiring outside staff through a think tank.
Rick Karlin traces how New York got into its budget mess.
The Times says the state’s pension fund needs more and better oversight. “So far, Mr. DiNapoli and other legislative leaders appear to be resisting any move to dilute the comptroller’s sole control over investing this enormous public treasure. It is time for them to recognize that New York’s pension is too big and the slide into corruption is too easy for one person to keep it safe and invest it wisely,” writes the Times.
And below, a year in review preview from New York NOW: