ALBANY, N.Y. -- New York Governor David Paterson wants to put a state spending cap in place and is rejecting his lieutenant governor's reported plan to borrow billions over several years to escape a fiscal crisis.

Paterson says spending is the state's top problem and it must be curbed or capped before resorting to borrowing.

The current deficit is projected at $2 billion. The state budget is due April 1 includes a deficit approaching $9 billion in a $130 billion spending plan.

Governor Paterson

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