Sentences with phrase «budget cushion»

He also pushed for increasing the city's budget cushion from the current 10 percent ($ 8.5 billion) for fiscal year 2018 to anywhere between 12 percent and 18 percent.
, I have built into my ER budget a cushion or surplus I use to protect myself against unforeseen expenses.
The current budget cushion is insufficient, Stringer said, sitting at 9 percent of adjusted FY 2019 spending.
Stringer also advocated for bolstering the «budget cushion» — the budget resources available at the beginning of each fiscal year to help the city weather unexpected events.
But as we confront the challenges ahead, we will have to grow our budget cushion and implement a more vigorous agency savings program.
Overall, he insists that the city's budget cushion — the reserves and surplus funds at the beginning of the fiscal year — should be between 12 and 18 percent of city expenditures.
Last week, City Comptroller Scott Stringer said the budget cushion in the preliminary fiscal 2019 budget is not enough to ward off any problems that could be caused by the TCJA.
«With our budget cushion still below optimal levels, now is the time to act and build up our reserves.
This is true in terms of the raw dollar amount, which is several billion, but with a $ 83.4 billion budget that has expanded rapidly under de Blasio, the city is somewhat short of a safe «budget cushion,» according to Comptroller Scott Stringer and other watchdogs.
Stringer said that the administration does not have enough of a «budget cushion» to rely on as economic prospects look gloomier going forward, urged de
He has called for a «budget cushion» between 12 and 18 percent of the city's operational budget, while the city's reserves currently stand at only 9 percent or $ 8.5 billion.
City Comptroller Scott Stringer has said the city should have a «budget cushion» of 12 - 18 % of its operational budget in reserves — the current number is about 10 %.
At the announcement of the adopted fiscal 2017 budget in June, de Blasio told Gotham Gazette he was quite comfortable with the budget cushion in place, but that the City would continue looking for additional savings.
Although Stringer has not been especially vocal in questioning the rapid increase in expenditure under de Blasio, he puts out his own easy - to - read analysis each year of the mayor's budget and has advocated for increased savings, insisting that the city must maintain an adequate «budget cushion» to weather a potential economic downturn.
Fortunately, investors now have access to an unprecedented amount data, including rising rents in select cities across the country that allow them to target properties that earn the best rental income within their budget cushion.
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