Budget Expands Trust Bail-Out and Seeks Extra Cash from Insurers

By Michael Whiteley, Eastern Bureau Chiefmike@workcompcentral.comNew York Gov. David Paterson's $134 billion budget for fiscal year 2010-2011 would boost the amount that state workers' compensation officials can borrow to bail out the self-insured group trust industry and would require carriers to repay some of the more than $100 million they collected from employers for premium assessments that may never have been handed over to the state.Paterson unveiled his spending plan on Jan. 19 amid media reports that the reductions are unprecedented. The proposed budget would cut state spendin...