Updated 07/13/2010 07:36 PM
Paterson submits new revenue plan
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ALBANY, N.Y. -- As the Senate continues to struggle with passing a revenue bill, Governor Paterson has taken matters into his own hands. He's submitted a revised revenue bill to lawmakers.
This new version has an FMAP contingency plan if the billion dollars expected from the federal government for Medicaid doesn't come through. It also includes an amended version of the SUNY empowerment plan.
The Senate Democrats quietly introduced a standalone bill that would establish a SUNY empowerment pilot program at four schools: Binghamton, Albany, Buffalo and Stony Brook.
Assembly Speaker Sheldon Silver has made it very clear he doesn't think this SUNY plan should be included in budget bills.
Paterson released a statement, saying, "I will, once again, provide the legislature with an option that not only generates enough revenue to balance the budget, but also includes critical policy initiatives that should be addressed."
Also in this revised bill is a property tax cap. This comes as no surprise as Paterson praised New Jersey for its cap deal.