Sentences with phrase «budget deficit»

They warned, however, that projected budget deficits of as much as $ 40 million within two years could cause a credit downfall unless the city finds a way to balance the books.

The city faces a $ 4 billion dollar budget deficit in the next fiscal year.

It changes numerous deductions and tax breaks and is expected to add $ 1 trillion or more to federal budget deficits over a decade, according to congressional estimates.

He said he planned to fix a state budget deficit by forcing higher benefit costs onto public workers and eliminating nearly all of their collective bargaining rights.

He says without changes in rules regarding pension payouts, union contracts and other issues, counties face a $ 4.2 billion dollar budget deficit by 2020.

State officials recently estimated that 85 percent of the state's school districts were operating with budget deficits.

But won't he need that money to close budget deficits as far as the eye can see?

We recognize that there are strong differences over how to reduce budget deficits.

Some analysts might say higher interest rates are not due to improved long - term economic prospects but to a steep increase in future budget deficits as tax revenue falls and spending increases.

The city faces budget deficits averaging $ 23 million a year for the next three years, according to previous estimates.

Despite large budget deficits in major countries, long - term rates of interest remain remarkably low.

Having huge budget deficits in our district challenged our decisions of trying to give our students the best opportunities with less money.

He says there's still a structural budget deficit of $ 2 billion dollars for next year.

And late last year, the Republican tax cut was enacted that will add more than $ 1 trillion to federal budget deficits over a decade.

The answer: higher taxes and bigger budget deficits.

A bigger issue is closing the state's increasing budget deficit.

Whether it's sooner or later, I don't know but they can't run budget deficits and refinance their debt forever.

With massive budget deficits at the federal and provincial levels, justice budgets are likely to be on the chopping block.

But the district, having exhausted surplus funds to balance this year's budget, is estimating a $ 7 million budget deficit next year.

Along with a government budget deficit of $ 1.2 trillion, that's nearly $ 2 trillion in new government debt that will need financing annually.

And they're more than happy to share responsibility for closing last year's $ 10 billion budget deficit without raising taxes.

This isn't surprising given that the mayor's executive plan itself shows considerable budget deficits from 2020 through 2022 — all during years his administration has projected a growing economy.

But faced with a $ 12 million annual budget deficit, the trustees said they must reduce their financial aid to 50 percent scholarships.

Me: I think they have both said that they want to eliminate the current budget deficit but leave space for borrowing for capital?

Over time, the share that students are asked to pay has risen as states turn to tuition increases to address budget deficits.

The economy is only now recovering from bad times, and there is great pressure to get the federal budget deficit under control.

If the government raises tax rates to cover budget deficits, then my retirement tax rate could be higher.

The survey also reveals that schools continue to use reserve funds in record amounts to plug budget deficits.

There is probably nothing that is sacred anymore with the federal government and almost every state government facing mounting budget deficits, loss of tax revenue and so on.

By that time, he noted, the job will be that much more difficult, since budget deficits tend to grow over time.

About two thirds of the structural budget deficit remains to be eliminated.

Then there's the national budget deficit, which adds to our national debt and will have to be handled at some point in the future.

In an ideal situation, governments are just borrowing this money to cover short - term budget deficits or to finance mission critical projects.

A significant number of states are experiencing severe budget deficits due to loss of state tax revenues and no quick turnaround is expected.

It doesn't take an economist, however, to see that shrinking revenues and increasing expenditures are a recipe for future budget deficits and fiscal meltdown.

The size of the expected budget deficit is unknown.

If returns are five percent, it would mean an additional budget deficit of $ 3.8 billion that members would have to pay into!

This one - percent change results in an additional budget deficit hole of $ 1.9 billion, which will not be financed through government debt.

The state faces a projected $ 4 billion budget deficit thanks in part to weaker than expected tax returns.

The governor insists he will be able to close the $ 10 billion + budget deficit without borrowing and raising taxes.

A disconnect has developed over just how big the state budget deficit actually is.

He also had to close giant budget deficits and at times cut taxes and spending, though overall state spending grew during his 12 years in office.

Just when the governor appeared ready to think hard about new concepts, an $ 18 billion budget deficit appeared.