Governor David Paterson today released a $2.6 billion savings plan to the state leaders, which includes cuts to universities and Medicaid.
The governor is calling for $600 million in cuts before the year is out.
Paterson is proposing a $550 million reduction in Medicaid funding, and cutting $50 million from the City University of New York system. He has already cut a similar amount from the State University of New York system, despite critics saying it would hinder efforts to hire more full-time professors.
As of now, tax hikes are off the table.
The governor gave the proposals to Senate and Assembly majority leaders today.
The legislature is scheduled to convene for a special session on August 19th.
August 11, 2008
Governor Calls For Cuts To Medicaid, CUNY System
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