After offering New York City a $7.8 billion booster shot in September, Gov. Mario M. Cuomo yesterday turned to Long Island and prescribed a $900 million economic development package.

Although considered one of the richest regions in the state, Long Island has been hard hit by the regional recession and federal cutbacks in defense spending. As a result, unemployment has risen, and Suffolk and Nassau counties have had to combine service cuts with tax increases to contend with budget gaps caused by increased social service spending and falling tax collections.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.