DIVISION OF THE BUDGET
DAVID A. PATERSON, GOVERNOR
November 7, 2008 CONTACT: Jeffrey Gordon
GOVERNOR PATERSON ANNOUNCES NEW WEBSITE TO OPEN BUDGET PROCESS
“www.ReduceNYSpending.gov” Will Foster Public Discussion about New York’s Budget Priorities as the State Addresses Record Budget Deficits
Governor David A. Paterson today announced the release of a new website, “www.ReduceNYSpending.gov,” that will lead the public in a discussion about how to control unsustainable growth in the size of the New York’s budget.
“With the State facing significant budget deficits and a struggling economy, New Yorkers deserve a frank and honest discussion about the need for greater fiscal responsibility in State government,” said Governor Paterson. “As we work to confront this crisis, I will continue to take my message of fiscal responsibility directly to the people.”
As a result of recent, unprecedented turmoil on Wall Street – a sector that accounts for 20 percent of tax revenues – the State must close a budget shortfall of at least $1.5 billion in the current fiscal year and a deficit of $12.5 billion in 2009-10. Over the next four years, New York faces a projected cumulative budget gap of $47.0 billion – the largest in State history.
The website has several features that will help engage New Yorkers in a discussion about our government’s spending priorities. They include:
- Information about New York’s fiscal condition and Governor Paterson’s initiatives to control State spending
- A section for New Yorkers to submit potential savings ideas, their input about the State’s spending priorities, or any other comments about the budget process
- A calculator that allows the public to create their own proposal to balance next year’s budget, demonstrating the difficult tradeoffs necessary when closing a $12.5 billion deficit
Governor Paterson has called for a special session of the Legislature to convene on November 18 to address the State’s $1.5 billion current-year shortfall. Additionally, he will submit his 2009-10 Executive Budget more than one month early, on December 16, 2008, to get a head start on the process of aggressively confronting the State’s substantial future deficits.