Tag Archives: new york

cuomo declares new york state “functionally bankrupt”

refreshing to hear a politician telling the truth. now, if we could just get this kind of honesty at the federal level.

” Declaring New York State “functionally bankrupt,” Gov. Andrew M. Cuomo proposed a $132.9 billion budget on Tuesday that would reduce year-to-year spending for the first time in more than a decade, sharply cut back projected spending on education and health care, and cut the budget for state agencies by more than half a billion dollars in the next fiscal year.”

read more here:

http://www.nytimes.com/2011/02/02/nyregion/02budget.html?hp