Sentences with phrase «balanced budget this year»

The hemorrhage was particularly acute among states, many of which had little wiggle room to cope with sinking tax revenue because they have to produce balanced budgets every year.

«Our Government's sound economic management and unwavering commitment to balance the budget this year — while creating jobs, growth and long - term prosperity for Canadians — has resulted in a resilient economic performance in a challenging global economy.

* Balanced budgets every year.

* Balanced budget every year.

With its strong commitment to cultural and economic diversity, the Cincinnati Waldorf School relies heavily on the success of its annual fundraising to achieve a balanced budget each year.

It's what brings us a balanced budget this year and a balanced budget next year.»

But school representatives questioned whether they can continue counting on the state's largesse to balance budgets year after year.

«It means we have to balance our budget every year and the discourse in this city often fails to note that by law the city government of New York City must balance its budget every year or else we fall under the control of the Financial Control Board,» said de Blasio.

LAUSD Can Balance Budget This Year, but Potential Losses Loom Los Angeles Unified can balance its budget this year thanks to a windfall from voter - approved Proposition 30, but needs lawmakers to pass Gov. Jerry Brown's new student funding formula to keep its coffers filled next year, district officials said Tuesday.

Not exact matches

Ontario has set out a target to balance the budget within a few years, as has Quebec, whose debt burden is slightly heavier.

The PQ has laid out plans to reduce that pesky deficit as well, stating the government would balance the budget by the 2015 - 2016 fiscal year.

The CAQ has come out swinging with the promise of balancing the province's budget within a year of being elected.

We aim to create 25 million new jobs over the next 10 years, secure Social Security and Medicare for the next 75 years, balance the federal budget by 2030, and make America energy - secure by 2024.

After eight consecutive years of deficits the goal of a balanced budget remains elusive.

The fiscal outlook is a stark contrast to last year, when premier Kathleen Wynne trumpeted the first balanced budget in nine years.

The authors said Trudeau's fiscal stimulus would add 0.5 % to economic growth this year and next, allowing the economy to reach its non-inflationary level of potential output faster than if former prime minister Stephen Harper's obsession with a balanced budget had remained Ottawa's priority.

Unlike the years before the crisis, the global consensus now is that governments should be agnostic when it comes to fiscal policy; too much debt is problematic (Greece, Spain, etc.), but it can take more than a balanced budget to inspire business confidence and get executives to spend.

Now that conservatives complained about the $ 1.3 trillion catchall spending bill — which blew through previous budget limits by $ 300 billion over this year and next, House GOP leaders have scheduled a vote this week on a proposed amendment to the Constitution to require a balanced federal budget.

Together, these revenue increases are projected to be sufficient to balance the budget in each of the next three years.

Glen Hodgson, senior vice-president and chief economist, Conference Board of Canada It's good that the government is still shooting to balance the budget by 2015 and gives itself room to do it at least a year earlier.

Republican Presidents, including Trump, have promised to balance future budgets with gigantic reductions in discretionary spending, a category that includes both outlays for defense, and all other areas that are voted each year (as opposed to entitlements that provide benefits guided by a fixed formula).

The boom years for employment and balanced federal budgets in the 1990s had everything to do with the emergence of the Internet rather than with any enlightened economic policies.

Legislators in a handful of oil - rich states are struggling to do the seemingly impossible as the 2016 fiscal year draws to a close this week: balancing their budgets, as required by law, despite massive declines in revenues due to falling oil prices.

While Congress generally found a way around the most unpleasant aspects of 1980s - era cliffs, their presence imposed a parsimonious mood on Washington that eventually resulted in the balanced budgets of the Clinton years.

It took some painful cuts and some reorganization of state agencies to balance the budget, and Texas is one of only seven states — mostly oil - producing ones — that saw revenues decline last year, according to the National Association of State Budget Offbudget, and Texas is one of only seven states — mostly oil - producing ones — that saw revenues decline last year, according to the National Association of State Budget OffBudget Officers.

The parliamentary budget office's report says the slippage in spending is likely to affect the budgetary balance sheet by reducing planned deficits in one year at the expense of deeper spending in future years.

Page 287 of the 2014 Budget has an estimate that a 1 - percentage point decrease in GDP growth would reduce «the budgetary balance by $ 3.7 billion in the first year, $ 4.5 billion in the second year and $ 6.0 billion by the fifth year.»

Last year, when asked about balanced budget legislation he told the House of Commons Standing Committee on Finance «I don't think writing something into law, and then expecting that future governments will be held by that, is realistic.»

The best fiscal rules are more flexible, promising to keep the structural deficit in check, for example, or pledging to balance the budget over a number of years.

My 10 - year plan is to balance the budget on day 1.

[105] On January 8, 2008, to address ongoing structural budget issues, Governor Corzine proposed a four - part proposal including an overall reduction in spending, a constitutional amendment to require more voter approval for state borrowing, an executive order prohibiting the use of one - time revenues to balance the budget and a controversial plan to raise some $ 38 billion by leasing the Garden State Parkway, the New Jersey Turnpike, and other toll roads for at least 75 years to a new public benefit corporation that could sell bonds secured by future tolls, which it would be allowed to raise by 50 % plus inflation every four years beginning in 2010.

Finance Minister Mike de Jong may have called this year's provincial budget a «triple B» effort (a «boring balanced budget»), but The Vancouver Board of Trade thinks today's budget deserved a B +.

Yes I realize the AFB and everyone else has a formula to balanced budgets, but with corporate taxes a mere shadow of what the were some 20 years ago, it will take a whole pile of growth or it will tax some major tax reform to keep the books out of the red and push into the black.

Balancing the budget in every year would mean that governments would be forced to increase taxes and cut spending in downturns, and to do the opposite when the economy is growing quickly.

The budgetary balance has deteriorated significantly compared to that forecast in the March 2012 Budget, by $ 5 to $ 7 billion per year.

For all the years of GOP lawmakers calling for balanced budgets, at least on paper, the House budget would reach balance, while the Senate budget would not.

It has recently been reported that the University of Alberta wants to «reopen two - year collective agreements» with faculty and staff «to help the university balance its budget...» This appears to be in direct response to Alberta's provincial government announcing in its March budget that there would be a «7 % cut to operating grants to universities, -LSB-...]

Even with this adjustment, we believe that the outlook for direct program expenses in the outer years is understated, putting the achievement of a balanced budget over the medium term at even greater risk.

Based on the past eight years and current rhetoric the answers for the Conservative government would appear to be: minimal; zero or lower; and, balanced budget legislation.

The current monthly results, along with the surprising better - than - expected economic growth for the second quarter of 2014, strongly suggest that the federal government will post a surplus in 2014 - 15, one year ahead of their political commitment to balance the budget in 2015 - 16.

But Jim Prentice got that backwards, and this is how we got the Alberta NDP, as it appears today: afraid to trim spending, unlikely to raise taxes further, and hoping that a gradually recovering economy can balance the budget eight years from now.

On February 3, 2011, the C.D. Howe Institute released its 2011Shadow Budget [1] entitled A Faster Track to Fiscal Balance, arguing that federal government should undertake aggressive actions to restrain the growth in program expenses in order to achieve a fiscal surpluses one year earlier than forecast in the October 2010 Update [2].

Given recent economic developments (which suggest there will be no surplus this year) and global uncertainties, together with a commitment by all three major political parties to balanced budgets and no tax increases (other than the NDP), it would be fiscally imprudent for any political party to make new major election «promises» in the coming months without indicating how they would be financed.

In the last election, the Conservative promised additional tax expenditure, amounting to $ 3 billion a year, once the budget is balanced.

Chula Vista faced a $ 400,000 deficit this fiscal year, but a $ 1.6 million Federal Emergency Management Agency reimbursement from the January 2017 storm helped them balance the budget.

Including Mr. Harper's vow in 2008 that a government led by him would «never» go into deficit, this is the second time in three years that the Conservatives have made a balanced - budget promise during an election campaign only to abandon it after being reelected.

If the deficit was due to «extraordinary developments», the budget could be in balance the following year, especially if the government maintains its practice of including a risk adjustment factor or Contingency Reserve (normally $ 3 billion) in its budget projections.

«Balancing the budget for a fourth year in a row --- while other provinces grapple with debt, deficits, and economic uncertainty — is an accomplishment that gives the business community reassurance that B.C. is on the correct course,» said Iain Black, President and CEO of The Vancouver Board of Trade.

Under Bill C - 59, if the Minister of Finance tables a budget that projects a deficit or if a deficit is reported at the end of the fiscal year, the Minister must appear before the House of Commons Finance Committee within the first 30 days of the House of Commons sitting to explain the reasons for the deficit and present a plan for a return to balanced budgets.

I think we will get some version of the so - called penny plan to reduce spending as well (penny plan = hold flat nominal discretionary spending, or reduce it or 1 % each year until the budget is balanced).