The Albany TimesUnion is reporting:
Gov. David Paterson on Sunday said he is withholding $750 million in local aid that had been scheduled to go out starting Tuesday. The move was prompted by a looming shortfall for the current fiscal year that’s estimated to reach between $500 million to $1 billion.
The $750 million breaks down as follows:
- $500 million – school aid payments
- $112 million – municipal payments
- $47 million – health insurance premiums for state employees
The $500 million in school aid breaks down as follows:
- $436 million – STAR reimbursement
- $146 million – regular school aid
The $112 million in municipal payments breaks down as follows:
- $76 million – human services costs to counties
- $45 million – cities