Sentences with phrase «balancing budget requirements»

TAGS: balanced budget requirement, budget, credit rating, debt, income tax, Mike Madigan, progressive income tax, Spending, spending cap, taxes

TAGS: balanced budget requirement, Bruce Rauner, budget, DCEO, debt, Fitch Ratings, Illinois Constitution, Illinois General Assembly, Jim Durkin, Mike Madigan, Spending, unpaid bills

The US balanced budget requirements are political.

Many states have what are called «fiscal constitutional requirements,» or provisions in state constitutions that dictate the bounds of legislative fiscal activity (i.e.: a balanced budget requirement).

Because of these balanced budget requirements, states can not borrow to fund current services.

Not exact matches

For state and local governments, the statutory requirements for balanced budgets meant that fiscal policies turned restrictive relatively quickly once budget surpluses and rainy day funds were exhausted, and this was only temporarily mitigated by federal transfers to the states as part of the initial fiscal stimulus program.

These requirements do not force complete balance on an annual basis: they generally focus on budget projections rather than realizations, so deficits can still occur when economic conditions are unexpectedly weak.

The new government wants the troika to lower this requirement of surplus to a balanced budget, freeing up cash for more government spending.

The state has not passed a single balanced budget since 2001, despite a constitutional requirement to do so.

Within hours, Mr. Paterson counterattacked, saying through a spokesman that he would call the Legislature into extraordinary session on Sunday evening to consider several measures, including an overhaul of the state university system that would allow individual campuses to set their own tuition rates and a requirement that the Legislature certify that budgets are in long - term balance.

The council can only meet the legal requirement to balance its budget by raiding # 3milion from its reserves while carrying out a raft of mid-year spending cuts, including cutting personal budgets for adult care users by a fifth and targeting high - cost adult care packages for reductions (appendices 4 and 5, pages 12 - 13).

Most councils are currently forecasting a deficit in 2016/17, forcing them to raid their reserves in order to meet the legal requirement to run a balanced budget at the end of the year.

She pointed to success in delivering on - time budgets in line with the statutory requirement that they be balanced, in preventing the closure of any firehouses, and in the creation of mandatory kindergartens citywide.

Two recent pieces described how Speaker Michael Madigan ignores constitutional requirements for creating a budget that balances appropriation needs with anticipated revenue.

But those bonds would be contingent on the state's producing a balanced budget, and the newly established board would have the authority to determine whether the budget meets that requirement.

States have not paid for pension costs on an honest accounting basis, and they have accrued billions of dollars in pension debt that avoids so - called «balanced budget» requirements.

It also looks at balancing budgets and the public sector borrowing requirement and public debt.

(Unlike federal officials, mayors are subject to local balanced - budget requirements.)

If this happens, it is common for ESFA to issue a Financial Notice to Improve because of the requirement to advance funds to bring the academy's budget into balance.

Despite operating with a drastically smaller operating budget than they had planned for, Tangi Academy has met every desegregation requirement and has achieved a balanced at - risk and special education student population — an accomplishment that TPSB has struggled to achieve in many of its own schools for over the last half century.

If the state doesn't want us to use levies to fund basic education, which they are recommending, then we need to figure out how to cover the 3.5 B. Meanwhile, with or without a balanced budget, we still have to provide every public school child the opportunity for an excellent education, which is part of the constitutional requirement addressing k - 12 public education in the state.

Additionally, this account has no minimum opening deposit or minimum balance requirement, so it's great for students on a tight budget.

And, with low balance requirements to waive your monthly fee, sticking to your budget is easy.

It will also give members more accurate and up - to - date information about their super account balances — a 2016 Budget requirement.

The design balances the specific curatorial requirements with the need to create a unique, public - facing and engaging space out of a limited budget.

But investment in education has declined — tight state budgets created by balanced - budget requirements and conservative opposition to funding those «liberal academics» have turned many state universities into semi-publc institutions at best.

Seven structural features are traditionally associated with agency independence: removal protection, specified tenure, multimember structure, partisan balance requirements, litigation authority, budget and congressional communication authority, and adjudication authority.

For the second time in three years the Pennsylvania legislature has proven itself entirely unable to carry out its most basic function, which is to pass a budget — any budget — which is balanced and otherwise meets constitutional requirements.

Response: We appreciate the costs covered entities face when complying with other statutory and regulatory requirements, such as the Balanced Budget Act of 1997.

If you're unsure how to balance your budget and coverage requirements, start by working with a licensed insurance agent to explore your options.

• Create base professional development policies and procedures, making individual PD program development easier to undertake • Simultaneously implement 4 PD programs for identified areas, without a single hitch in any program implementation process • Plan, develop and implement PD systems according to the core competencies and identified issues of multiple tracks • Determine existing opportunities and conduct informal and formal needs assessment programs for different tracks • Develop orientation plans by ensuring that all basic information is covered, including ethics and communication • Manage PD resources such as purchasing equipment, maintaining accurate records and submitting balanced budgets • Ascertain compliance by staff members and community groups and ensure that all legal requirements are fulfilled

RTI Shipping Inc., Hollis • NY 2004 — 2006 General Manager Provided overall management for successful shipping corporation with oversight for all accounting requirements, Bank Reconciliation, budget development, P&L statements, balance sheet generation and all other financial reports.

Each year, Council members approve the annual budget, balancing the financial requirements of regulating an ever - growing number of licensees with the need to keep licensing and assessment fees manageable for individuals.

The key to finding the right first home purchase for you is striking an acceptable balance of a home that comes as close to your dream home requirements as possible, but still stays within your budget.