Sentences with phrase «billion deficit»

Cuomo has said that he could flip what is currently projected as a $ 1.7 billion deficit for the next fiscal year into a $ 2 billion surplus by 2016, provided he can hold state spending growth to two percent or less.

April 1, the start of the state's new fiscal year, has come and gone and New York doesn't have a budget or anything close to a consensus on how to close its $ 9.3 billion deficit.

Cuomo has booked $ 450 million in savings from public employee unions as part of his plan to bridge a $ 10 billion deficit in the upcoming fiscal year, which begins April 1.

To help balance a $ 3 billion deficit in the 2011 - 13 budget, caused by munificent tax cuts to upper - income earners and corporations, Gov. Scott Walker and his Republican lawmakers cut state aid to schools by $ 792 million over two years.

His most urgent priority has been to close a record $ 10 billion deficit without borrowing or raising taxes.

New York State has a $ 4 billion deficit and is not in a position to make up funding,» Cuomo said.

The governor and lawmakers are struggling to close a $ 9.2 billion deficit in the budget, which is expected to include more than $ 135 billion in spending.

Later today, he is expected to unveil a budget proposal that deals with a $ 4 Billion deficit, reforms state taxes in light of federal changes, and is expected to...

The state is already looking at a $ 3.6 billion deficit over the next two years.

In Ohio, Gov. John Kasich (R) is set to unveil what will undoubtedly be a controversial budget next week aimed at closing an $ 8 billion deficit.

«We had a $ 10 billion deficit — a hole in our budget,» Tkaczyk said.

We were supposed to come to some sort of agreement about $ 2 billion in desperately needed budget cuts, to save New York State's balance sheet before it starts to spiral into a more than $ 16 billion deficit.

Gov. David Paterson criticized the lawmakers» $ 2.7 billion deficit reduction plan and said it does not go far enough to fill the approximate $ 3.2 billion budget gap the state faces, but Senate President Malcolm Smith (D - St.

Malloy says lawmakers need to approve the deal in order to help reduce a projected $ 5 billion deficit in the state's next two - year budget.

If the AHCA passed, New York would have faced a $ 7 billion deficit, said the governor, and would have either have to cut services or raise taxes.

«Unfortunately I think the reality that we're facing is likely to be considerably worse,» he said, noting that the projected $ 2.4 billion deficit does not include additional potential cuts in Albany, which could slash $ 2 billion in expected aide.

The Democratic governor proposed closing the state's $ 4.4 billion deficit a number of ways, including with $ 1 billion in revenue raisers.

The portion of the budget paid for by state taxpayers will rise just under two percent Despite the one - time windfall, he had to bridge a $ 1.8 billion deficit in the current budget, which he did by counting $ 373 million in additional, not immediately identified revenues as well as cutting $ 92 million from state agencies, booking $ 121 million in savings from «debt management» and cutting $ 1.4 billion from funding for various local assistance programs.

But now, tax revenues are running behind projections, a $ 2 billion deficit looms, and schools and hospitals are howling after two years of flat state budgets capped by an overall cut in spending in April.

Cuomo sided with the majority of Senate Republicans during the 2011 - 12 budget contretemps when it came to extending the surcharge as a way of closing the $ 10 billion deficit over union and liberal lawmakers» objections.

Peter Cafiero, chief of operations planning at New York City Transit, also pointed to a $ 15.2 billion deficit in the MTA's capital plan when Ms. Rose brought up the BRT.

Cuomo's budget division says it will cover most of the $ 3.5 billion deficit with unspecified cuts (and some accounting gimmicks, no doubt, like re-classifying certain spending programs) that hold operating spending growth to 2 percent.

«We are solving a $ 3.5 billion deficit with.85 percent in tax policy changes and.11 percent in fee policy changes.

Rep. Toni Walker, D - New Haven and co-chairwoman of the legislature's powerful appropriations committee, said the proposal, cobbled together with input from both Republicans and Democrats, represents a significant step toward closing a $ 3.5 billion deficit over the next two years and righting the state's wobbly finances for decades to come.

Issuing a plea for bipartisanship amidst a closely divided legislature and looming $ 1.5 billion deficit, Connecticut Governor Dannel P. Malloy delivers his State of the State address.

Despite Comptroller Tom DiNapoli's report that New York's tax revenue is $ 800 million above projections, Gov. Andrew Cuomo today said he still expects to deal with a $ 2.5 billion deficit in the coming 2012 - 13 fiscal year.

The new fiscal year started July 1, but Connecticut still does not have a state budget as lawmakers have remained gridlocked while the state faces a $ 3.5 billion deficit over the next two fiscal years.

The agreement, reached earlier today, ended a marathon battle over a bill that raises taxes, cuts spending and helps close the state's $ 42 billion deficit.

During his budget address last month, he highlighted superintendents» pay as a reason why state spending hasn't kept up with revenue, generating a $ 10 - billion deficit.

You took a $ 10 billion deficit, and you made it into a $ 5 billion surplus.

NYC Health + Hospitals, formerly the Health and Hospitals Corp., expects to face a $ 1.2 billion deficit next year, which will be exacerbated by federal cuts of $ 300 million in 2017 and $ 460 million per year through 2025, hospitals chief Dr. Ramanathan Raju said at a City Council hearing.

That doesn't leave a lot of wiggle room to raise reimbursement rates for qualifying hospitals, or for the public hospital systems such as New York City Health + Hospitals, which is facing a $ 2 billion deficit.

The $ 132.5 billion budget cuts spending by two percent and eliminates a $ 10 billion deficit through cuts to schools, public colleges, social service programs and health care.

Cutting wages by 20 percent through the one - day - a-week furlough won't erase the $ 9.2 - billion deficit, he said, touting alternatives such as buying medicine from Canada and firing temporary employees.

In the end, the governor stayed, state workers kept working and last Tuesday New York's $ 9.2 billion deficit was closed.

Under his watch, the state is facing a potential $ 7 billion deficit, revenues are down and our residents are fleeing the state in droves.

Paterson reiterated the importance of making aggressive budget cuts in areas such as Medicaid and education in order to address New York's estimated two - year $ 10 billion deficit.

During a Capital Tonight interview last night, Assembly Education Committee Chair Cathy Nolan recognized the «triple threat» faced by the state, financially speaking, at the moment: Lower than expected PIT revenues, a $ 4 billion deficit and the feds planning to do «who knows what» when it comes to health care reform.

A revenue report released Wednesday by the state Senate found an additional $ 1.5 billion in extra cash than projected by Gov. Andrew Cuomo, which lawmakers said would make the state's $ 4.4 billion deficit «more manageable.»

The budget is expected to be somewhat more complicated beast this year, with a $ 4.6 billion deficit for lawmakers to close in an election year and the traditional pressures of adding more money for schools.

The $ 168 billion spending plan introduced by Gov. Andrew Cuomo would increase revenue by $ 1 billion through fee and tax increases, working to close a $ 4.4 billion deficit.

We anticipate having a $ 9 - 10 billion deficit.

With this MTA - subway mess as a backdrop, Cuomo presented his budget plan last month, which has a $ 4 billion deficit to close, and proposed a tunnel running from Westchester to Long Island.

Saying it will be a «challenging year» as the state confronts a $ 4.4 billion deficit, Gov. Andrew Cuomo on Jan. 16 called for a 3 percent boost in school aid in his $ 168 billion executive budget proposal for the upcoming fiscal year.

In January 2003, however, the Governor acknowledged that the state government faced an unprecedented 15 - month, $ 11.5 billion deficit.

PLATTSBURGH Gov. Andrew Cuomo said hammering out this year's $ 168.3 billion spending plan was tricky because of a $ 4.4 billion deficit largely caused by federal shortfalls.

A state «Medicare for All» system would save $ 2.7 billion to insure state employees and retirees, which would take a big bite out of the $ 4.4 billion deficit the state faces.

The revenue is needed to close a $ 4 billion deficit.

Silver, a liberal Democrat with powerful union ties who has repeatedly stymied efforts by the last three governors to restrain spending, said he was fully behind Cuomo's pledge to slash the budget to close a projected $ 8 billion deficit for the fiscal year beginning April 1.

As a member of the New York Assembly, Faso developed and pushed proposals that led to real balanced budgets - including the first reduction in state spending in decades while closing a $ 5 billion deficit.