Sentences with phrase «as budget gaps»

The new salary data became available as budget gaps plagued Suffolk and Nassau, where employee salaries constitute about a third of each county's budget.

A looming fiscal challenge awaits Gov. Andrew Cuomo and state lawmakers as budget gaps are opening up in the coming years, forcing decisions on issues ranging from school aid to Medicaid spending.

Not exact matches

The lines track more or less in sync until a decade ago, when they diverge as home prices shoot toward the stratosphere, the gap growing wider with each year, like huge jaws swallowing homeowners» retirement savings and vacation budgets and pushing them further into debt.

As the 2016 fiscal year comes to a close, first - term Governor John Bel Edwards and the state legislature have been in crisis mode, struggling to close a fiscal 2017 budget gap that could run as high $ 800 million — and that is after $ 485 million in emergency spending cuts this yeaAs the 2016 fiscal year comes to a close, first - term Governor John Bel Edwards and the state legislature have been in crisis mode, struggling to close a fiscal 2017 budget gap that could run as high $ 800 million — and that is after $ 485 million in emergency spending cuts this yeaas high $ 800 million — and that is after $ 485 million in emergency spending cuts this year.

As the 2016 fiscal year comes to a close, first - term Gov. John Bel Edwards and the state legislature have been in crisis mode, struggling to close a fiscal 2017 budget gap that could run as high $ 800 millioAs the 2016 fiscal year comes to a close, first - term Gov. John Bel Edwards and the state legislature have been in crisis mode, struggling to close a fiscal 2017 budget gap that could run as high $ 800 millioas high $ 800 million.

The government took a stab at cross-border price differences in the 2013 budget when it eliminated tariffs on baby clothing and sports equipment — rates as high as 18 per cent for skates — to try to narrow the gap.

As we have detailed before, there is a wide gap in the reconciliation instructions in the two budgets that could result in a $ 2 trillion difference in debt over ten years.

As localities adjust to the property tax cap, more may turn to sales tax revenues to fill in budget gaps.»

The proposed $ 152 billion budget proposal as unveiled by Cuomo did not include a contingency plan for repealing the measure, which is projected to result in a $ 3.7 billion gap in the state's revenues.

As the chancellor decimates local authority budgets, he's encouraging councils to make one - off assets sales to plug the gap.

School districts in this year's budget did receive a boost in foundation aid as well as a complete end to the Gap Elimination Adjustment.

However, as the governor's footnote indicates, the gaps could be turned into surpluses if spending growth continues to average 2 percent a year, as opposed to the nearly 4 percent average increase that would occur if the budget was on autopilot.

Governor Andrew Cuomo's proposed solutions for addressing the gap, as revealed when he delivered his proposed $ 168 billion budget in January, includes a mix of one - shot revenues, tax increases and some spending cuts.

The budget deficit for the current fiscal year had grown to $ 350 million dollars, and the projected gap for the new fiscal year would be a $ 3.5 billion dollar hole, if spending were to take place as planned.

As illustrated in the Executive Budget financial plan, the state will be facing significant budget gaps in each of the next three years, and a new payroll tax on employers will be a tempting target for future administrations and Legislatures looking for increased revenues, but reluctant to impose new or higher taxes directly on indiviBudget financial plan, the state will be facing significant budget gaps in each of the next three years, and a new payroll tax on employers will be a tempting target for future administrations and Legislatures looking for increased revenues, but reluctant to impose new or higher taxes directly on indivibudget gaps in each of the next three years, and a new payroll tax on employers will be a tempting target for future administrations and Legislatures looking for increased revenues, but reluctant to impose new or higher taxes directly on individuals.

The state faces an over $ 4.4 billion budget gap, as well as funding cuts and policy changes from Washington that could cost New York and some of its taxpayers billions of dollars.

Paterson said the gap in the budget is roughly the same size as the expected gap in federal funding.

Well, it may not be the happiest of budget days this year for Albany as Gov. Andrew Cuomo is set to unveil a 2018 - 19 spending plan that has to contend with a $ 4.5 billion spending gap.

Budget gaps in coming fiscal years could run as high as $ 3.4 billion without a voluntary 2 percent cap on spending increases in the state budget, Comptroller Tom DiNapoli's office found in a report released MBudget gaps in coming fiscal years could run as high as $ 3.4 billion without a voluntary 2 percent cap on spending increases in the state budget, Comptroller Tom DiNapoli's office found in a report released Mbudget, Comptroller Tom DiNapoli's office found in a report released Monday.

Cuomo's plan includes $ 1 billion more for schools and the extension of an additional tax on New York's highest income earners, known as the millionaire's tax, in order to pay for education spending and close a $ 3.5 billion budget gap.

New York's expected budget gap is growing larger — a more than $ 4 billion deficit heading into the next fiscal year now poses a challenge for Governor Andrew Cuomo and state lawmakers as they prepare to run for re-election.

A report released by Comptroller Tom DiNapoli's office on Friday raised the possibility of potential budget gaps in coming years as a result of increases in spending, tax cuts and one - shot revenue sources in the current - year spending plan.

As forUlster's budget gap, assuming there is one, we know little more than what the administration tells us.

As rumors swell that the city plans to increase property taxes to fill its projected $ 2 billion budget gap, the City Council Speaker wants Mayor Michael Bloomberg to know that a tax hike is not on the table.

As the Brown administration's 2018 capital budget was unanimously approved Tuesday by the Common Council, concerns were raised about a $ 35 million gap in the 2016 - 17 operating budget.

It would be an effort to narrow the state's budget gap — one whose effect is partially symbolic, as it would save the state only $ 200 million to $ 400 million of the projected $ 9 billion deficit.

As predicted, Governor Paterson's budget plan to cut down the projected $ 15.4 billion budget gap is pretty draconian.

As illustration, even if the legislature were to impose $ 4.2 billion in new tax and fee measures - as recommended by the Executive Budget — it would still leave the state with $ 11 billion in an accumulated structural budget gap over the next five years; a figure that will likely grow given the ongoing deterioration of state tax collectionAs illustration, even if the legislature were to impose $ 4.2 billion in new tax and fee measures - as recommended by the Executive Budget — it would still leave the state with $ 11 billion in an accumulated structural budget gap over the next five years; a figure that will likely grow given the ongoing deterioration of state tax collectionas recommended by the Executive Budget — it would still leave the state with $ 11 billion in an accumulated structural budget gap over the next five years; a figure that will likely grow given the ongoing deterioration of state tax collecBudget — it would still leave the state with $ 11 billion in an accumulated structural budget gap over the next five years; a figure that will likely grow given the ongoing deterioration of state tax collecbudget gap over the next five years; a figure that will likely grow given the ongoing deterioration of state tax collections.

The report, generated as part of the state's «Quick Start» budget process, projects the deficit will reach $ 3 billion next year along with a gap of almost $ 250 million this year.

The Commissioner also told lawmakers that the state's diverse array of pre-kindergarten programs need to be consolidated, and she stuck by the Regents call for $ 2.4 billion more for schools in the budget, along with ending a cap on funds to some schools known as the Gap Elimination Adjustment.

Budget Committee chairman Paul Sarlo echoed Senate President Steve Sweeney's call to reserve tax hikes as a final option to close budgetBudget Committee chairman Paul Sarlo echoed Senate President Steve Sweeney's call to reserve tax hikes as a final option to close budgetbudget gaps.

The report noted «while projected budget gaps may currently appear modest — certainly when compared with gaps faced in some recent years — the next Mayor and City Council are likely to face significant budget challenges,» a situation Mr. Thompson described as Mr. Bloomberg and Ms. Quinn rather literally passing the buck.

De Blasio told reporters after the meeting that he intends to look for targeted agency cuts, particularly within the Department of Education, but has no immediate plans for an agency - wide budget cut, which is known as a «Program to Eliminate the Gap.»

Cuomo said due to the structural reforms enacted in last year's budget as well as the reforms proposed in this budget, the budget gap in 2013 - 14 is projected at $ 715 million.

Washington (CNN)- Amid the partisan political posturing of Sunday talk shows, indications emerged of how a congressional budget compromise might take shape even as a stop - gap deal remains elusive.

Russell says Cuomo's budget hurts schools, as it presents no increase in foundation aid or reduction in the Gap Elimination Adjustment.

The charts below illustrate the deteriorating fiscal outlook as measured by the traditional budget gaps calculation (showing the growth in next year's gap, from $ 1.8 billion in April plan to $ 4 billion in the July plan) and the governor's alternative measure, assuming spending is held to 2 percent (showing a flip from a $ 692 million «surplus» as of April to an $ 841 million gap as of July).

Albany has long used the MTA as a piggy bank, raiding dedicated transit funds on a regular basis to cover gaps in the state budget.

The budget backlash continues today as several groups representing education, public employees, and low - income New Yorkers bashed Gov. Andrew Cuomo's budget, saying there are other ways to close the state's $ 10 billion gap without laying off workers or cutting from education and health care.

The legislation comes as the Thruway Authority faces a $ 36 million budget gap and as toll hikes may be possible system wide.

It's unlikely the gap will be as big as the one he faced his first year in office, when the budget was out of balance by $ 10 billion.

As the state grapples with a $ 3.5 billion budget gap for the fiscal year that starts April 1, how $ 9 billion worth of settlement money from 22 Wall Street entities that first arrived in 2014 is being spent is again drawing scrutiny and criticism.

Gov. Andrew Cuomo's budget this year increases education aid by about $ 990 million, with $ 2.1 billion being spent over the next two years and also ends the education cuts known as the gap elimination adjustment.

YONKERS - In the face of New York State's $ 15 billion budget gap, Senator and Deputy Majority Leader Jeff Klein (D - Bronx / Westchester), joined by Senator Andrea Stewart - Cousins (D - Yonkers), and the Director of the NYS Lottery, will propose the expansion of gaming options at the New York State's existing video lottery terminals (VLTs) and electronic gaming tables as a way to generate a projected $ 145 million in education funding.

The state faces a budget gap of at least $ 3.5 billion — of which the administration says $ 2.8 billion will be closed by as - yet - unspecified spending restraint.

The chamber's budget proposal would also spend $ 456 million to restore the Gap Elimination Adjustment, as well as $ 1 billion in Foundation Aid.

Flanagan said his conference will remain focused on restoring the Gap Elimination Adjustment, a statutory formula that has distributed cuts across school districts in recent years, as the state has grappled with budget deficits.

Still, whatever the grumblings, Mr. Cuomo's strategy has largely worked: He has avoided taking positions on controversial issues, even as the state, facing a large budget gap, grapples with the prospects of laying off state workers, raising taxes or eliminating programs.

For a second consecutive year, Cuomo also is relying on his 2 percent growth assumption — as expressed in the magic footnote at the bottom of the financial plan — to obscure the existence of future budget gaps.

Based on current - law spending trends (including the $ 864 million 2015 - 16 aid hike the Conference Board regards as insufficient), the state financial plan currently incorporates budgets gaps for every year from 2016 through 2018.