Sentences with phrase «available revenue»

Three specific events triggered the 2012 crisis: an abrupt reduction in federal and state funding (see Figure 1), the inability of the district to cut many of its costs, and political pressures on the district to spend available revenues in a given year.

Fluctuation in state spending tracks very closely with gross domestic product (GDP)(Figure 5).9 This is primarily driven by legal restrictions in all states but Vermont that require balanced budgets (generally, budgets for which budgeted expenditures do not exceed available revenues).10

Illinois has the worst credit rating in the nation, and was downgraded by Fitch Ratings to two notches above «junk» status in February, in large part due to «the financial implications of spending far in excess of available revenues,» according to the ratings agency.

This «deficit shuffle» reduces budget transparency, creates funding instability for critical State programs and allows the State to avoid making the difficult decisions needed to effectively align spending with available revenue.

Incurring additional debt to refurbish the project in 2007 did not make financial sense based on expected costs and available revenue from the power sales.

In contrast, the federal government can engage in deficit spending, enacting spending bills that exceed available revenues.

In light of the benefit growth under current law — which greatly outpaces the growth in available revenue — it is far from clear that further net increases are a wise use of scarce dollars, particularly since broad - based expansions can be quite costly.

We will continue this long - term approach of progressively reinvesting all our available revenue in our playing resources as we look forward.»

The funding collected by the city actually decreased last year, but if done correctly, available revenues are estimated to be $ 137 million next year and even more the year after that.

Each year, districts are under pressure from constituents and employee organizations to match expenditures to available revenues.

The plan would cost the state roughly $ 200 million over the next two years, and McCrory promised to pay for the salary increases from additional and available revenues and would not raise taxes.

So we pulled all available revenue history for any company that has traded publicly in the IT and software spaces.