How will New York State close a $6.1 billion budget deficit

How will New York State close a $6.1 billion budget deficit

NEW YORK STATE HASA $6.1 BILLION BUDGETDEFICIT.GOVERNOR CUOMOSAYS MUCH OF THATCOMES FROM THERISING AMOUNT OFMONEY THE STATESPENDS ON MEDICAID."IF IT IS NOTFINANCIALLYSUSTAINABLE THEN WEACCOMPLISHNOTHING."ACCORDING TO USNEWS AND WORLDREPORT NEW YORKHAD THE SECONDHIGHEST MEDICAIDSPENDING IN THECOUNTRY IN 2018.CUOMO'S PLACINGTHE BLAME ON LOCALGOVERNMENTS,SAYING THEY'VE BEENIRRESPONSIBLE INHOW THEY RUNMEDICAIDPROGRAMS-- SINCETHE STATE IS PAYINGTHE BILL."YOU HAVE NOFINANCIAL EFFICIENCYOR ECONOMY OFSCALE OR TO CALL UPAND SAY I THINK THIS ISA PROBLEM OR THIS ISA PROBLEM BECAUSEYOU HAVE SOMEONEELSE PAYING THECHECK."THE PLAN-- REINSTATETHE MEDICAIDREDESIGN TEAM THATWAS USED IN 2011 TOFIND $2.5 BILLION INSAVINGS.CUOMO SAYS THISWILL HAVE ZEROIMPACT ON LOCALGOVERNMENTS ASLONG AS THEYFOLLOW CERTAINGUIDELINES."LOCAL GOVERNMENTSHAVE TO HAVE AFINANCIAL STAKE INTHE GAME."WHILE THE MEDICAIDSAVINGS PLAN ISINTENDED TO SAVE$2.5 BILLION-- THATSTILL LEAVES A $4BILLION DEFICIT.THERE WAS FAR LESSDISCUSSION ONCLOSING THAT GAP.STATE GOP CHAIRNICK LANGWORTHYSAYS--WHILE THEGOVERNOR RATTLEDOFF A LAUNDRY LISTOF NEW SPENDINGITEMS HE OFFEREDZEROACKNOWLEDGEMENTOF OUR RECORDBREAKINGPOPULATION DRAIN ORTHE STATE'SPRECIPITOUSECONOMIC DECLINE.A LOT OF TIME WASSPENT ON EDUCATION,WHICH WILL SEE AN$826 MILLIONINCREASE-- LESSTHAN HALF OF THE $2BILLION REQUESTEDBY THE BOARD OFREGENTSCUOMO WANTS TOSHIFT MONEY TOPOORER SCHOOLDISTRICTS--"YOU COULD PROVIDEMORE MONEY, OR YOUCOULD IMPROVE ANDREDESIGN WHAT WE'REDOING AND HOW WEDO IT."THE ALLIANCE FORQUALITY EDUCATION ISNOT SATISFIED WITHHIS PLAN SAYING OURSCHOOLS DON'T NEEDAN EQUITYMASQUERADE, THEYNEED THE $3.8 BILLIONTHE STATE OWESTHEM.THE DEADLINE TOPASS THE BUDGE