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Saturday, February 28, 2009

David Paterson is in there pitching

Just like a lot a pitchers he sometimes loses the strike zone for awhile but these two are right in there.

This week the Governor continued to tackle the state’s economic challenges.

Yesterday he announced that due to increased enrollment in the federally-funded Food Stamp program, New York State has received $162.4 million in new federal funding through the Temporary Assistance for Needy Families (TANF) Contingency Fund – a federal fund that assists states in providing benefits and services to low-income families when unfavorable economic conditions exist.

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Governor David A. Paterson also called on Treasury Secretary Timothy F. Geithner to help restore the municipal bond market in order to protect the ability of local governments to borrow by issuing bonds. Governor Paterson is specifically calling for an infusion of capital from the Treasury Department to help stabilize the bond insurance market in order to reduce borrowing costs for local governments.

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