Forget Pep Talks; Governors Warn of Tough Times

Wednesday, January 5, 2011
By Paul Martin

By JAMES R. HAGERTY And BEN CASSELMAN
WSJ.com

New governors in 26 U.S. states are starting to take office with somber warnings to constituents of more tough times amid revenue shortfalls and a weak job market.
With sagging economies, soaring budget deficits and the loss of federal stimulus money, incoming governors face the deepest fiscal crisis in decades and expectations that they will remain true to campaign pledges to slash spending and taxes.
“I don’t think a grand ceremony … would be appropriate,” Andrew M. Cuomo said Saturday after being sworn in as New York’s governor. The Democrat, whose father led New York two decades ago, promised to put a lid on property taxes and shrink the state’s government.

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