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December 9, 2009

Paterson: State Has Run Out of Cash

New York 1 News
Governor David Paterson, Lieutenant Governor Richard Ravitch and State Budget Director Robert Megna once again stressed the state's dire financial situation during an address on Wall Street today.

Speaking at the Museum of American Finance, Paterson said New York is on the brink of fiscal disaster, calling the state "ground zero for the recession."

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