A day after the Legislature passed one of the latest state budgets in New York history, financial and business analysts said the budget overspends and overtaxes while Gov. David Paterson said the work isn’t done.
The lame-duck Democrat says he’ll push lawmakers to approve his property tax cap, which appears to have little chance in the Assembly. On Wednesday, he repeated his threat to bring the Assembly back to Albany in October — the height of election season — to face a vote on his proposal to limit local property tax growth to 4 percent annually.
Powerful Assembly Speaker Sheldon Silver, a Manhattan Democrat, said he remains “open” to addressing the issue, but he noted the Assembly sought property tax relief by fighting to restore Paterson’s 5 percent cut in aid to schools to contend with a $9.2 billion deficit. Paterson vetoed that attempt.
Paterson also cast more doubt on the “framework” lawmakers said they’d agreed to Tuesday night for dealing with a landmark proposal to give the State University of New York and City University of New York more autonomy from Albany, which continues annual cuts to funding. Paterson told reporters Wednesday that he’s not sure what the “framework” means and he had no knowledge of agreements on details…
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