New York Governor To Warn of Worst Economy In Decades
Gov. Paterson, convinced the state faces its worst fiscal crisis since the mid-1970s, will deliver the grim news in an unprecedented special address to New Yorkers as soon as tomorrow night, The Post has learned.
The governor’s address – which his aides hope will be televised by public and cable news stations – will say that plunging state revenues will force painful cuts in state services, necessitate a reduction in the state work force, possibly through layoffs, and require other difficult economic measures, source said.
Paterson is also expected to announce that he’s ordered state agencies to slash spending beyond the relatively modest 3.3 percent cuts he ordered in late spring.
