Updated Friday morning
The Paterson Administration says the plan would cut $5 billion over the next two years (including $3 billion this year).
About half the savings ($1.3 billion) would come from cuts in local assistance. The biggest chunk of that is a cut in school aid ($480 million) -- the TU has broken out how much local districts are slated to lose. The administration has also released a list of individual programs in line for cuts. A few of the cuts that caught our eye during a quick scan of that list: the Tuition Assistance Program ($26.2 million), aid to community colleges ($22.6 million) and Operation SNUG ($400k) -- a anti-gun program which includes Albany.
The governor's plan also is banking on $200 million from striking a franchise agreement for running VLTs at Aqueduct. When (if) that deal goes through, NYRA has talked about upgrading facilities at Saratoga with some of its money from the deal. [Saratogian]
Also part of the plan, though its a long term measure, is the new "Tier V" pension for state workers. The pension tier was part of the deal Paterson struck with the state worker unions last year to avoid layoffs -- but the change never made it out of the legislature.
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