Today is Monday, 18th November 2024

NY Governor to Veto $600M from Budget

From The Business Review:

New York Gov. David Paterson, as promised, has started vetoing 6,900 spending items included in a budget plan approved Monday by the Senate and Assembly.

In all, Paterson will ax more than $600 million in spending approved by legislators in votes on Monday. Paterson called the spending a “gimmick” and said legislators were “self-serving” and “fantasizing” that certain revenue would materialize.

The largest items to go: $419 million of extra money for K-12 education, plus close to $200 million in grants, mostly for nonprofits. The budget votes, though, avoid a government shutdown.

Paterson’s vetoes mean legislators will have to hold another vote on the spending to override it. An override in the Senate is improbable: At least 10 Republicans would have to support the override, assuming all 32 Democrats voted in favor of it, to reach the required two-thirds majority.

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