David paterson net worth

David Alexander Paterson became the 55th Governor of the State of New York on March 17, 2008. In his first address as Governor, he spoke about the challenges facing New York and his plans to build a better and brighter future for all citizens. He was ahead of the national curve in predicting and acting on the state’s fiscal downturn. During Governor Paterson’s 2008 inaugural address, he foretold of an impending national fiscal crisis and collapse. This forecast compelled New York’s Legislature to convene for a special session in August 2008. As a result of this session, the state reduced its deficit by $2 billion and mitigated further devastating financial upheaval, allowing it to maintain its credit rating for the duration of his term. He enacted legislation attaching severe criminal penalties to predatory lending and reduced New York’s fiscal deficit by nearly $40 billion. One of his greatest achievements was establishing a new budget process that has yielded on-time budgets since he left office. Governor Paterson embodies a rare combination of skills, including a unique underst

David Paterson

David A. Paterson became New York's 55th Governor on March 17, 2008, and marked his entry into office as the state’s first black governor and the second legally-blind governor in U.S. history. In his initial address as Governor, Paterson detailed his vision to confront and surmount the challenges facing New York, aiming to foster a prosperous future for all its residents. During his tenure, Governor Paterson was proactive in addressing the State's fiscal challenges, even before the national awareness of the economic downturn heightened. His leadership spanned across several crises, including the most severe economic crisis New York State had ever faced, during which he implemented comprehensive reforms affecting various sectors.

Governor Paterson's administration was distinguished by significant reforms in health care and social policy. He rationalized New York's Medicaid reimbursement system to enhance investment in primary and preventative care. His legislative achievements include the overhaul of the Rockefeller Drug Laws and the enactment of the Bigger Bet

About

David A. Paterson was born May 20, 1954, in Brooklyn, NY to Portia and Basil Paterson. He earned his bachelor’s degree in History from Columbia University in 1977, and completed his J.D. at Hofstra Law School in 1982. Paterson was the first non-white Secretary of State in New York and the first African-American Vice-Chair of the National Democratic Party. In 1985 he was elected to represent Harlem in the New York State Senate. And in 2002, he became the minority leader of the New York State Senate, the first non-white legislative leader in New York’s history. He made history again in 2004 when he became the first visually impaired person to address the Democratic National Convention, held in Boston, Massachusetts. Paterson was elected New York’s first African-American Lieutenant Governor on November 7, 2006. On March 17, 2008, he became governor, completing the unexpired term of Governor Eliot Spitzer following Governor Spitzer’s resignation. Paterson, who is legally blind, is nationally recognized as a leading active advocate for the visually a

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