Cuomo's Efforts to Close Budget Gap
Cuomo's Budget Cuts Would Halt Education and Medicaid Spending
New York Governor Andrew Cuomo unveiled a nearly one hundred and thirty three billion dollar budget proposal that calls for major cuts in education and health care spending.
If passed, the proposal would reduce education funding in the school year by 1.5 billion dollars. Executive Director of New York State School Boards Association, Tim Kremer, said the education funding reduction is equivalent to a 7.3% cut in state aid and he's concerned. Kremer said he wants to wait and see how this cut's going to be distributed across all districts.
The governor said the overall goal is to strengthen the economy and create jobs. However, in order to succeed in doing so, he said there must be some big changes. Cuomo said our current system of spending more than we make isn't a good formula, and we need "restructuring."
Cuomo said "I believe if we continue doing what we're doing,, the state will go down the road to ruin..." But, he also thinks we have an opportunity to take the road towards recovery. Cuomo's proposal would reduce the state's deficit by ten billion dollars without having to borrow money or raise taxes.