The Governor's amendment allows the Education Trust Fund
Budget Stabilization Fund to be used to provide temporary emergency assistance funding to the public schools and institutions of higher education to repair damages resulting from a natural disaster declared by the Governor.
The first - term Orange County Democrat put her name alongside the taxpayer organization's name, stating their shared support for Proposition 2, the Rainy Day
Budget Stabilization Fund Act.
While
the Budget Stabilization Fund serves as Illinois» nominal «rainy day» reserve, sufficient funds have yet to be allocated.
Not exact matches
Mr. Bellone's original
budget had not called for dipping into the sewer
stabilization fund at all, but rather closing the
budget gap in the $ 2.7 billion
budget through borrowing from the New York State Dormitory Authority, a path that would have required legislation approved at the state level.
Assembly: Modifies Executive
Budget proposal and transfers money into a «Fiscal
Stabilization Fund.»
They accounted for the $ 13.6 billion cost of all the contracts by adding
funds to the existing labor reserve in the
budget, spending $ 1 billion from a separate account known as the «health
stabilization fund» and forcing unions to come up with $ 3.4 billion worth of health care savings through FY2018.
In 2011, and again in 2014, the county dipped into the sewer
stabilization fund, using the money to help plug
budget gaps.
Pointing to the police revenue sharing defeat, the decision not to
fund VEEB, and the loss of additional hotel / motel revenue — as well as use of the sewer
stabilization funds — Mr. Schneiderman voted against the
budget for the first time in 10 years.
The preliminary
budget includes $ 5.5 billion in reserves, including $ 1 billion in the general reserve, $ 250 million in the Capital
Stabilization Reserve, and $ 4.25 billion in the Retiree Health Benefits Trust
Fund.
While the preliminary
budget had already laid out $ 1 billion for the General Reserve and $ 500 million for the Capital
Stabilization Reserve, the mayor added another $ 250 million to the Retiree Health Benefits Trust
fund, bringing it to a total of $ 3.7 billion.
For 2014, under Mr. Bellone's watch, the county
budget included $ 33 million from the program's sewer
stabilization fund.
Partners in Prosperity
Funding was included in Picente» s 2015
budget and
funds projects in infrastructure, public safety, arts and culture, sharing agreements and economic development as well as tax
stabilization.
As $ 33 million from the sewer
stabilization fund had been
budgeted to be used this year, it remains to be seen what would occur if voters fail to approve the plan in November.
County Executive Steve Bellone's original
budget last year had not called for dipping into the sewer
stabilization fund at all, but rather closing the
budget gap in the $ 2.7 billion
budget through borrowing from the New York State Dormitory Authority, a path that would have required legislation approved at the state level.
«The
budget includes an undefined $ 150 million «
stabilization fund» along with several
funding categories earmarked for specific purposes such as pre-K and after school programs,» said NYSSBA Executive Director Timothy G. Kremer in a statement.
In signing Suffolk County's 2014
budget last week, County Executive Steve Bellone put his John Hancock on a plan devised by a majority of county legislators that calls for borrowing nearly $ 33 million from its sewer
stabilization fund.
The lion's share of these ARRA education dollars was appropriated through the new $ 50 billion State Fiscal
Stabilization Fund (SFSF), a population - based program created to expeditiously replenish education
budgets decimated by declining tax revenue.
Summer professional development Teacher and principal recruitment Enrollment
Stabilization Update Measure G1
funds allocation Fiscal health risk analysis report Board
Budget... Read More
The bill requests an increase in
funding to school district between $ 222 - 450 per student, provides $ 30M to be allocated to rural school districts (approximately $ 89,700 for Hanover School District), a permanent buy down of $ 150M on the current $ 850M
budget stabilization factor (approximately $ 60,000 for Hanover School District), and a reduction in state reporting requirements for rural school districts.
These
stabilization funds, totaling $ 32.6 billion dollars, are set aside to help states customize a recovery plan to allow each state to fill in gaps in education, service sectors, and other
budgets.