The State Budget Will Not Be Early

ALBANY—So much for an early budget.

"The leaders told me they just don't see any possibility of passing the budget by March 1," David Paterson just said during a Red Room press conference after a meeting with legislative leaders (of both parties!) this morning. "That obviously will impact on the deficit to a degree, but I think that the most important issue right now is that the budget be on time."

He has hinted at this before, despite making the case that adopting some measures a month early would save hundreds of millions of dollars. Paterson said that the enactment of a federal stimulus package—which will hopefully be approved by the end of the week—will allow negotiations and hearings to begin in earnest.

But not next week. Legislators will be on break. The State Budget Will Not Be Early