Sentences with phrase «budget gap»

That leaves just $ 6.5 million in that fund source, which the comptroller said is the only pool from which the city is allowed to take money for closing budget gaps.

The growing budget gaps for local governments are not a new problem.

State tax revenues are down, contributing to the largest structural budget gap in seven years.

He will likely try to close a remaining $ 2 billion dollar budget gap without raising any new taxes.

«The district's budgeting practices made it appear that the district needed to both raise taxes and appropriate fund balance and reserves to close projected budget gaps,» read the report.

He said he would close the 10 billion dollar budget gap without raising taxes.

Those were proposals offered as possible ways to fill future budget gaps.

In 2011, and again in 2014, the county dipped into the sewer stabilization fund, using the money to help plug budget gaps.

The majority of districts struggle with cuts, but a few have taken the controversial step of actually generating funds to bridge budget gaps.

It's true that the city and the state are facing huge budget gaps.

But the school boards association also notes that 99 percent of the districts had to tap into their reserve funds, rainy day funds, in order to cover budget gaps.

The executive says his spending plan closes a $ 30 million budget gap while maintaining and enhancing programs in a responsible manner.

He continued to use budget cuts and public employee layoffs to reduce the state's sizeable budget gap.

«By tightening our own belt for years and growing our economy, we've kept our house in order and closed our own budget gap without further cuts,» the mayor said.

The governor's division of the budget revised revenue estimates down halfway through the last fiscal year, so there was not an unexpected budget gap.

The combined budget gap is $ 3.8 billion dollars and growing.

It was the basis for the governor's repeated claim to have turned a huge budget gap into a $ 2 billion surplus, which never actually entered the realm of fiscal reality.

The initial budget gap was estimated to be $ 2.4 billion.

That money would be taken from a budget line for sewer tax rate stabilization to help plug the county's $ 150 million overall budget gap.

Should it pass, lawmakers must still meet to find ways to close the entire budget gap.

And while it saves money this year, it leaves the baseline budget in place — so it makes next year's budget gap even bigger.

These efforts to close budget gaps make it harder to meet your other challenge — raising student achievement.

Even after painful cuts, budget gaps in those two states alone total nearly $ 4 billion.

The state faces a nearly $ 1 billion budget gap for the upcoming fiscal year, its first significant hole in several years.

That upside revenue potential alone will pretty much offset projected out - year budget gaps.

In recent years, the city's school district has made several decisions to help close budget gaps, including cutting about 200 staff positions.

She noted multi-million dollar budget gaps and dwindling state and federal resources.

The money that states win can not plug budget gaps, but must be applied to meeting the requirements of the Race.

He closed a $ 10 billion budget gap without raising taxes or committing to new borrowing.

Even with these big service cuts and even with the use of all of the state's flexible reserves for «non-rainy-day» purposes, the Governor's budget would still leave the Legislature and the next Governor with budget gaps of $ 2 billion in 2007 - 08 and $ 4 billion in 2008 - 09.

Buffalo Comptroller Mark Schroeder speaks Tuesday in City Hall, warning of tough financial times ahead for the municipal government if it doesn't curb its habit of closing budget gaps by using reserve funds.

Ferreras - Copeland called out agencies for assuming that the Council would fill budget gaps with its discretionary funding - particularly for the Department for the Aging and the Department of Youth and Community Development - and also pointed out that they had given few details about how $ 2 billion in new funding would be implemented.

The National Governors Association says 27 of its member governors plan to close state budget gaps by cutting education funding this year.

Norway has started withdrawing cash from the fund to pad widening budget gaps as low crude prices weigh on the oil - reliant economy.

Brynien spoke at a pre State of the State rally at the site of the former Occupy Albany encampment, where he suggested that instead of closing the state's $ 2 billion dollar budget gap through state agency consolidations, and other cuts, corporate tax loopholes should be closed instead, and «high priced» private consultants curtailed.

When Elgin — a town that has had to fill budget gaps in the millions — couldn't afford a park project on its own, officials looked to partner with a neighboring park district.

As illustration, even if the legislature were to impose $ 4.2 billion in new tax and fee measures - as recommended by the Executive Budget — it would still leave the state with $ 11 billion in an accumulated structural budget gap over the next five years; a figure that will likely grow given the ongoing deterioration of state tax collections.

Make up, in the coming year, for a yawning budget gap in the Pell Grant college - aid program, estimated at roughly $ 7 billion.

State Comptroller Thomas DiNapoli warned yesterday that the city faces budget gaps of $ 3.5 billion and $ 8 billion in the next two fiscal years — far...

In passing the bill, Illinois becomes the latest in a slew of states including Florida and Wisconsin to overhaul the union rights and evaluation methods of public - school teachers in light of large budget gaps, looming layoffs and pressure from the Obama administration to focus on teacher accountability.

Several proposals in Washington, including the changes to the Affordable Health Care Act, could mean multi-billion-dollar budget gaps for New York state.

The new salary data became available as budget gaps plagued Suffolk and Nassau, where employee salaries constitute about a third of each county's budget.

Syracuse faces an estimated budget gap of $ 16 million next year, which would eat up most of the $ 20 million that remains in the city's fund balance.

Both Cuomo and DiNapoli said the state also is facing a $ 4 billion budget gap next year.

Some Democratic lawmakers have indicated they want more revenue - raisers next year in order to fill the remaining budget gap, which now stands at around $ 2 billion.

A report released by Comptroller Tom DiNapoli's office on Friday raised the possibility of potential budget gaps in coming years as a result of increases in spending, tax cuts and one - shot revenue sources in the current - year spending plan.

New York's expected budget gap is growing larger — a more than $ 4 billion deficit heading into the next fiscal year now poses a challenge for Governor Andrew Cuomo and state lawmakers as they prepare to run for re-election.

The state Association of Counties has predicted a structural budget gap of over $ 4 billion dollars over the next five years if there are no changes, and some upstate cities are teetering on the verge of bankruptcy.