From NY Post:
April fools! Legislative leaders, citing lame- duck Gov. Paterson's huge legal troubles and the late release of a massive, $6 billion borrowing scheme, privately concede there's no chance to get a new state budget adopted by the April 1 start of the new fiscal year.
In fact, many predict there won't be a budget until late June, at the earliest, the time proposed by Lt. Gov. Richard Ravitch to start a newly configured fiscal year in which he wants to begin a multibillion-dollar bailout borrowing program.
Some state budget experts, grappling with a projected $9 billion-plus deficit, forecast a new budget won't be adopted until after the November election, setting a record for lateness.
Budget delays require passage of "continuing budget resolutions" submitted by a governor to keep basic state services functioning.