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| Budget appears on track |
| By James M. Odato |
| Published: 04/29/2009 |
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ALBANY — Despite a sharp fall in income tax revenues, the state budget should be in balance for the rest of the year as long as a complicated reduction-in-force program is achieved to avoid midyear corrections, outgoing Budget Director Laura Anglin said Tuesday. In a presentation on the 2009-2010 budget of $132 billion, Anglin revealed personal income tax collections are down 30 percent comparing April 2008 with April 2009. She maintained the Paterson administration should be able to avoid reopening the budget as long as it rids the state of the expense associated with 8,700 positions. The plan is to achieve cuts through layoffs and attrition. "The governor has said we don't want to do the layoffs," said Anglin, who departs this summer to become president of the Commission on Independent Colleges and Universities. But she said the savings from cutting the work force is built into the financial plan: $170 million this year growing to $328 million next year. Read more. If link has expired, check the website of the article's original news source. |
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