Budget Crisis

Gov. Andrew Cuomo

Cuomo Among New Govs Taking Office Amid Historic Budget Crisis

New York’s incoming governor, Democrat Andrew Cuomo, says he won’t raise taxes even though he will inherit a budget deficit of at least $9 billion when he takes office in January.


Lt. Gov. Richard Ravitch (credit: AP Photo/Hans Pennink)

Lt. Gov. Ravitch To Discuss Fixing NY Finances

Ravitch is a widely respected fixer for governments in crisis. He was a key player in saving New York City from bankruptcy in the 1970s and preserving the city’s transit system.