The worse things get for Governor David Paterson, the more fun it’ll be to hang out with his lieutenant governor, Richard Ravitch, who is raising money for Assemblyman Jonathan Bing of Manhattan on Thursday. Read More
Late Tuesday morning, Lieutenant Governor Richard Ravitch stepped to the podium in the theater at Albany’s Empire State Plaza before an audience filled with legislators awaiting presentation of the governor’s expectedly grim proposed budget.
Introducing Governor Paterson, Mr. Ravitch took a minute to make a plea-as much as the terse, stoic, raspy-voiced Read More
ALBANY—State Senator Eric Schneiderman will kick off the start of the legislative session with a fund-raiser at the house of Meredith Kane, his law school classmate.
The event will take place on January 7, the day after David Paterson delivers his State of the State address. Democratic Senate Leader John Sampson is also Read More
ALBANY—Don’t like those school cuts? Blame your legislator.
“The legislature, had they passed the wealth-based plan that I initiated, we wouldn’t be here. The fact is they didn’t do anything. The only thing they did was take $391 million of stimulus money from next year and used it to fill the gap in 2009,” Read More
ALBANY—Just before David Paterson’s speech in the financial district about the state’s fiscal woes, Lieutenant Governor Richard Ravitch said he was disappointed in the “ratio of coverage” that ethics reform has gotten in recent days, since former Senate Majority Leader Joe Bruno was convicted Monday of two federal fraud charges.
It has Read More
ALBANY—The economy is still bad, and New York is still running out of money, and David Paterson said he will tell budget officials to withhold payments to local governments and schools.
“We are in a very deep quagmire. New York is now at the breaking point. We are about to cross the financial Rubicon Read More
New York State is facing a budget deficit of $44.2 billion over the next two-and-a-half years, according to the Paterson administration’s estimates released today, a gap that’s grown by an unfathomable $20 billion in just six months (some context: the budget for the entire the State of New Jersey is $29 billion).
The governor yesterday Read More
ALBANY—The mid-year budget deficit has now grown to $3.2 billion, and an estimated $6.8 billion next year, David Paterson said at a leaders meeting.
“We now have a $10 billion budget deficit. The plan that I issued just two weeks ago reduces that deficit by half,” Paterson said. “In this period of time, I Read More
Lieutenant Governor Richard Ravitch does not have a rosy view of the state’s finances.
Speaking Wednesday morning at N.Y.U., Mr. Ravitch, the state’s point man on the ongoing fiscal crisis, warned of tremendous new budget gaps in coming years, saying the state faces a deficit of about $25 billion over the next two-and-a-half years, about Read More
ALBANY—Richard Ravitch is going to Washington tomorrow.
The lieutenant governor announced his trip during a meeting of legislative leaders this morning, called to hash out positions on David Paterson’s proposal for a $3 billion deficit elimination package.
Ravitch said he would meet with members of the state’s congressional delegation; he is not planning to Read More