Stalemate in Legislature Has New York Near Its Last Dollar [NY Dead Broke, Almost!]
Stalemate in Legislature Has New York Near Its Last Dollar DANNY HAKIM November 26, 2009 ALBANY — New York State is running out of cash. Without a budget deal, New York will be left with just $36 million in the bank by the end of December, according to current projections. And the money will last that long, officials say, only if the state chooses to fully exhaust its emergency reserves by tapping several billions dollars worth of temporary loans from its rainy-day fund and short-term investments. For weeks, Gov. David A. Paterson has invoked the shrinking amount of available cash...
Original Article: Forum: News/Activism
Tags: Albany State, Billions, Budget Deal, Danny Hakim, Last Dollar, Loans, Money, New York State, Rainy Day Fund, Running, Short Term Investments, Stalemate, X97