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New York's Financial Woes

Tuesday, October 20, 2009

The recession continues to take its toll on the nation, including its financial capital -- New York. The state has unemployment hovering near 9%, and Governor David Paterson just proposed big budget cuts to keep the deficit in check. In tonight's program, NBR's Susie Gharib talks to Paterson about the state of his state. Learn more about New York's economy here.

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External Links/Articles*

  • Center on Budget and Policy Priorities (CBPP)
    CBPP is an organization "working at the federal and state levels on fiscal policy and public programs that affect low- and moderate-income families and individuals." This links to an October 20, 2009 report published by the center. The report is titled, "Recession Continues To Batter State Budgets; State Responses Could Slow Recovery." The report includes a list of the states projecting mid-year 2010 budget gaps and the size of those gaps.
  • Empire State Development
    Empire State Development is a New York State agency that tracks economic data. This links to the page of the website offering the state's latest labor force and employment data.
  • New York Governor's Office
    This links to a press release the New York Governor's office released on October 15, 2009. The release describes the budget cuts Governor Paterson wants to implement to help reduce the state's budget deficit.
  • New York State Association of Relators (NYSAR)
    This links to the "Statistics" page of NYSAR's website. Here, you can review monthly, quarterly and year-to-date home sales and home price data.
  • *Clicking these external links will take you off the NBR web site on PBS.org. NBR has no affiliation with these sites.

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