Fulton Daily News
Gov. Paterson: State Is Out Of Money; He Withholds Payments to Local Governments, Schools
Gov. David Paterson Sunday made good his threat to share the pain of an unbalanced state budget.
He announced he will withhold $750 million in payments to school districts, local governments and social services agencies. Paterson said these were not cuts; the state is going to hold the money longer, to make sure it has cash on hand to pay its bills.

