Sentences with phrase «fund deficit budgeting»

Read below: POOR BUDGET PRACTICES HURTING ROCKLAND COUNTY County Has Incurred Large Debt and General Fund Deficit Budgeting practices by Rockland County have left it with an accumulated deficit of more than -LSB-...]

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If the Central Bank creates money to refinance the bonds, then it will, effectively, be printing money to fund the government's budget deficit.

Through a combination of $ 1 billion from the sale of GM shares, a $ 2 billion reduction in the contingency fund and $ 1.8 billion taken out of Employment Insurance (a holdover from Budget 2014), the federal government was able to turn a modest deficit into a $ 1.4 billion surplus.

They were able to pare the budget deficit down to $ 3.2 billion, but even that amount would nearly deplete the state's rainy day fund.

He also sits on the Board of Directors, and in May 2015 he made a donation of $ 133,000 to the foundation to make up for funding it had lost as a part of the austerity measures put in place by Governor Bruce Rauner to address the state's $ 1.5 billion budget deficit.

The medium - term deficit projections of both the Office of the Parliamentary Budget Officer (PBO) and the International Monetary Fund (IMF) include a structural deficit component.

Reining In Rates O'Neil, one of the managers of the $ 26 billion Fidelity Total Bond Fund, said rising bond yields could be reined in by at least three forces: Federal Reserve Chair Janet Yellen's commitment to a very gradual program of rate hikes, the traditional aversion to budget deficits by the Republican - controlled Congress, and buying by overseas investors who may use the recent jump in rates to snap up more Treasuries.

New initiatives that would require on - going funding would mean either a higher deficit track and no balanced budget in 2015 - 16 or new expenditure cuts to pay for the new initiatives.

These large Rust - Belt metropolitan areas are collapsing under the weight massive budget deficits and catastrophically underfunded public employee pension funds.

The second implication is that there likely will be upward pressure on interest rates as widening budget deficits for 2018 and 2019 will cause a larger supply of U.S. Treasury securities to be issued to fund rising U.S. budget deficits.

Sound financial policy requires that the Government fully fund any budget deficit by issues of securities to the private sector at market interest rates, and not borrow from the central bank.

A factor pushing yields higher in Japan has been the large supply of bonds coming onto the market to fund the budget deficit.

The bottom line is that after the prolonged tax giveaway exacerbates the federal budget deficit — along with the balance - of - payments deficit — we can expect the next Republican or Democratic administration to step in and «save» the country from economic emergency by scaling back Social Security while turning its funding over, Pinochet - style, to Wall Street money managers to loot as they did in Chile.

Last spring, the Parliamentary Budget Office (PB)-RRB-, and the International Monetary Fund (IMF) forecast that the deficit would not be eliminated in 2015 - 16, let alone 2014 - 15 because the deficit includes a structural component.

During the next crisis the Fed will buy $ trillions in debt to «fund» U.S. government budget deficits.

The main problem facing all states and municipalities is the budget deficits with their pension funds.

This $ 300 - million budget deficit is not paid for by additional government debt, but by union members who must increase their contributions to the pension fund.

A combination of reserve drawdowns and domestic debt are expected to continue funding Saudi's budget deficit, which bankers estimate will reach $ 100bn this year.

«The government has rejected the analysis of the Parliamentary Budget Office (PBO), the International Monetary Fund (IMF), and others, that the deficit includes a structural component that will not be eliminated without significant expenditure cuts and / or revenue increases.»

Capital Markets Fixed Income Saudi Arabia has issued its first sovereign bonds since 2007 to help fund a widening budget deficit caused by continued spending amid low oil prices.

Those maneuvers, reflecting political pressures to avoid adding to the budget deficit, caused many Democrats to wince even as they voted for the bill because it would effectively shift funds from one anti-hunger program to another.

After speaking to Mayor Bloomberg yesterday, Gov. David Paterson is reconsidering a deal to tax nonresident hedge fund managers as a means of generating new revenue to help the state close its budget deficit.

«The question that we should ask is how can you inherit a budget deficit of 9.3 % of GDP, proceed to reduce taxes, bring down inflation, bring down interest rates, increase economic growth (from 3.6 % to 7.9 %), increase your international reserves, maintain relative exchange rate stability, reduce the debt to GDP ratio and the rate of debt accumulation, pay almost half of arrears inherited, stay current on obligations to statutory funds, restore teacher and nursing training allowances, double the capitation grant, implement free senior high school education and yet still be able to reduce the fiscal deficit from 9.3 % to an estimated 5.6 % of GDP?

«And it would lead to large budget deficits, which fund many of the programs that people depend upon.»

Gov. David Paterson last Thursday proposed $ 5 billion in cuts over the next two years to fill a growing state budget deficit, and the plan makes deep reductions in funding to education, health care and state agencies.

Over the last two years, Albany has stolen $ 260 million in dedicated transit funds from the MTA in order to patch up deficits elsewhere in the budget.

LAGOS — As the pressure on federal revenue mounts following steady decline in oil revenue, the Federal Government would be resorting to a Sukuk Bond for funding the widening budget deficit.

His proposal cuts funding for the department of public works, among other things, in an effort to close a $ 16.5 million budget deficit without raising property taxes.

POUGHKEEPSIE — An audit of the City of Poughkeepsie's books by the state comptroller's office has found that inaccurate budgeting has created an $ 11 million general fund deficit.

Also at the hearing, the county comptroller's office released a fact sheet showing there was a $ 48.9 million budget deficit for 2017, according to preliminary unaudited results from Nassau's five primary operating funds.

Major issues in the 2013 legislative session included the state's budget deficit, education funding, state pensions, and abortion.

Walsh's budget office was able to cut more than $ 3 million in projected spending, but the city will run an $ 11 million deficit by taking money from its «rainy day» fund.

House and Senate Republicans offered two different versions of no - tax - increase budget plans Tuesday that they insist can solve the state's projected two - year, $ 5 billion deficit without savage reductions in state aid to cities and towns and school funding.

The Citizens Budget Commission, a nonprofit financial watchdog group, in a report last week, predicted that even with the planned fare increases, the MTA stands to post budget deficits in the hundreds of millions of dollars in the next several years without a new revenue stream to fund the subwayBudget Commission, a nonprofit financial watchdog group, in a report last week, predicted that even with the planned fare increases, the MTA stands to post budget deficits in the hundreds of millions of dollars in the next several years without a new revenue stream to fund the subwaybudget deficits in the hundreds of millions of dollars in the next several years without a new revenue stream to fund the subway plan.

The 2015 Budget had: A budget deficit Increased taxes Was dependent on taxes No clear guide to restore macroeconomic stability Cuts in funds to productive seBudget had: A budget deficit Increased taxes Was dependent on taxes No clear guide to restore macroeconomic stability Cuts in funds to productive sebudget deficit Increased taxes Was dependent on taxes No clear guide to restore macroeconomic stability Cuts in funds to productive sectors.

To balance the Fire Department's budget operating funds will have to be cut to reconcile the overtime deficit.»

Mr. Hammerle was a member of the board during the tenure of former Town Supervisor Bill McGintee, whose financial mismanagement resulted in charges against the onetime town budget officer, Ted Hults, in Mr. McGintee's resignation, and in an internal town fund deficit that was just recently tallied at $ 27 million.

Benjamin Barnes, secretary of the Office of Policy and Management, warned that the rainy day fund — known as the «budget reserve fund» — will have to be used to pay down the deficit unless the legislature acts to reduce spending.

The term is applied to funding that was cut throughout New York in 2009 - 10 and 2010 - 11 to help close a massive state budget deficit.

[10][14] Key parts of his plans are for «governors to identify plans to erase budget deficits in future years,» to cap state debt, and to require excess surplusses to be deposited into the «rainy day fund».

The mayor raised the issue of the $ 15.2 billion MTA capital budget deficit and the state's failure to abide by a 2007 settlement that promised additional education funds to the city — saying arguments about lean economic times no longer hold water.

Paterson, grappling with a $ 9.2 billion deficit and lawmakers who fear for their re-election, has been funding state government with weekly budget extenders since failing to win passage of a state budget on April 1.

While the business community has called for a complete end to the millionaires tax, Cuomo said the state needs the billions of dollars in revenue the tax generates each year to fund programs and manage looming budget deficits.

Lawmakers are already eyeing an estimated $ 4 billion deficit in next year's budget, and Cuomo said other health care funding cuts proposed by Washington Republicans would only make the situation worse.

As Cuomo seeks to resolve a budget deficit he estimates at more than $ 4 billion, school aid funding for education could also be on the chopping block.

Comptroller Tom DiNapoli released his analysis of the proposed 2016 - 17 state budget on Tuesday, finding it increases the state's debt load and has a $ 1.8 billion deficit in the general fund.

After releasing his $ 77.7 billion preliminary budget, NYC Mayor Bill de Blasio raised the issue of the $ 15.2 billion MTA capital budget deficit and the state's failure to abide by the 2007 CFE settlement that promised additional education funds to the city, saying arguments about lean economic times no longer hold water.

Among DiNapoli's proposals: - Require the governor to have a gap - closing plan for out - year deficits; - Impose a binding revenue forecast; - Increase reserve funds; - Require open budget negotiations;

Gov. Andrew Cuomo is in Albany, where he will be delivering his executive budget at 1 p.m. at the State Museum — a proposal that is expected not to include a lot of good news news to a multibillion dollar deficit and funding cuts from Washington.

According to an audit released today by state Comptroller Tom DiNapoli's office, «inaccurate budgeting» by the Hudson River city has left it with a $ 11 million general fund deficit and caused «severe» fiscal stress.