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Paterson Proposes Spending Cap in New York

By Mark Scott


Albany, NY – Governor David Paterson yesterday proposed a spending cap for New York State.

Paterson's proposal would cap the annual spending growth at the average inflation rate for the past three years. He says if such a cap had been in place in 2003, the state would have saved $17 billion dollars by last year.

Paterson says his bill would allow legislators to spend in excess of the cap during times of economic calamity or a terrorist attack, though they would need to produce a super majority of two-thirds to do so. The Governor says he believes his proposal is needed more when times are good than at a time of crisis like now.

Paterson's proposal came on the same day when more bad poll numbers arrived. A Marist College poll found that 51 percent of New Yorkers would prefer to have Eliot Spitzer as governor than David Paterson. Spitzer resigned in a prostitution scandal last year.

Paterson said he understands the frustration of voters and that he remains confident of turning things around in time to win a full term in November 2010.

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