More Work To Do To Put State Back On Right Economic Track
"The state Assembly worked through the night to reach an agreement during an extraordinary session that was intended to scale back spending and set the state back on the right economic track. We reduced the 2008-09 state budget by over $400 million, but this should just be the start of taking further action to rein in out-of-control state spending.
Furthermore, I am disappointed that the Assembly Majority did not seize this opportunity to pass Governor David Paterson’s property tax cap. A tax cap would help control spending while offering relief to overwhelmed homeowners. Clearly, we have more work to do and the Assembly should remain in session for as long as it takes to ease the economic burdens every New York resident is facing."