Budgetary shortfalls refers to a situation where there is not enough money available to cover all the planned expenses. It means there is a shortage or a gap between the expected income and the actual expenses. Full definition
But California, always proud of being a leader, has written into law that this is the preferred option if districts face budgetary shortfalls. (educationnext.org)
The teacher union - backed SOS (Save Our Schools) March on Washington — will have the Army of Angry Teachers and others taking to the streets and screaming about various education issues such budgetary shortfalls that must be made up by «taxing the rich.» (californiapolicycenter.org)
According to the statute's own language, it was designed with the «purpose of reducing the need for future tax increases, maintaining the highest possible bond rating, reducing the need for short term borrowing, providing available resources to meet State obligations whenever casual deficits or failures in revenue occur, and providing the means of addressing budgetary shortfalls.» (illinoispolicy.org)