Monday’s Briefing: Paterson Plans A Speech

Atop our roundup of news from around the state is word that the Governor wants to have a talk with all of us. And the news isn’t good.

Governor David Paterson says the state’s financial situation isn’t good, and getting worse. The New York Post’s Fred Dicker, dean of the Albany correspondents, reports exclusively that Paterson plans a TV address Tuesday night to say he’s making big cuts.

Says Dicker:

“The governor’s address – which his aides hope will be televised by public and cable news stations – will say that plunging state revenues will force painful cuts in state services, necessitate a reduction in the state work force, possibly through layoffs, and require other difficult economic measures, source said.

Paterson is also expected to announce that he’s ordered state agencies to slash spending beyond the relatively modest 3.3 percent cuts he ordered in late spring.”

No other outlet’s reporting this as of noon Monday.

One reason why Paterson believes things are worse than predicted?  CEO bonuses are down, and that means state taxes on those massive bonuses are down.

Elsewhere:

Athletic Supporters:

Apropos of Not Much:

Happy Monday, and if there’s a good story that we’ve missed, drop a note here.

[We take this moment to remind you that the Daily Briefing is neither straight news nor commentary, just in case you’re confused.  It’s simply a roundup of news from elsewhere, written in not-the-usual-style.]

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