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Paterson Stops the Clock on NYS Construction Projects
By
Sabrina Jaszi
Published Mar 31, 2010
Modified Mar 31, 2010
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By
Sabrina Jaszi
Published Mar 31, 2010
Modified Mar 31, 2010
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In light of "severe cash-flow difficulties" Paterson is ordering state constructions workers to lower their excavators and shut off their jackhammers. Effective April 1, he's cutting money to hundreds of current and not-yet-begun constructions projects, until a budget comes out or emergency financing can be arranged. Actually, that's the same day the budget is due, but so far Paterson has not given an estimate of when it will actually be completed. (According to CBS a final budget has been delivered before the deadline only six times since 1975.) The AP reports that state-funded projects addressing "emergency health and safety needs" are exempt from the order, as are those paid for by federal economic stimulus funds. Still, there will be layoffs, warned a senior advisor to Paterson.
Tagged
Albany
budget
construction
financial crisis
governor paterson
state-funded construction
Sabrina Jaszi
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