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.
Not exact matches
Youthful naiveté and a keen eye for market
gaps led Minhas and her brother to start making a private - label line of spirits for bars and restaurants, and then to move
into budget beer; today their Calgary - based conglomerate includes one of the country's largest independent alcohol businesses, plus ventures in construction and media.
The lines track more or less in sync until a decade ago, when they diverge as home prices shoot toward the stratosphere, the
gap growing wider with each year, like huge jaws swallowing homeowners» retirement savings and vacation
budgets and pushing them further
into debt.
They also have recent real - world examples to make their case: Tax cuts in Kansas made by Gov. Sam Brownback failed to deliver the expected boost, forcing the state
into years of grueling
budget battles and harsh spending cuts to make up the
gap.
However, as the governor's footnote indicates, the
gaps could be turned
into surpluses if spending growth continues to average 2 percent a year, as opposed to the nearly 4 percent average increase that would occur if the
budget was on autopilot.
In 2011, and again in 2014, the county dipped
into the fund, using it to help plug
budget gaps which environmentalists say violates the terms under which voters agreed to tax themselves, making it illegal.
Mr. Bellone's original
budget had not called for dipping
into the sewer stabilization fund at all, but rather closing the
budget gap in the $ 2.7 billion
budget through borrowing from the New York State Dormitory Authority, a path that would have required legislation approved at the state level.
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.
In 2011, and again in 2014, the county dipped
into the sewer stabilization fund, using the money to help plug
budget gaps.
Faced with a $ 40 million
budget gap, he turned this «grim» situation
into 3 straight
budgets under the mandated state tax cap, built a
budget surplus of over $ 18 million this year, replenished the fund balance to $ 40 million, and improved the county's bond rating to among the highest in the State.
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.
In the
budget, the minimum wage hike was lumped
into one bill that also included $ 24.8 billion for schools and wiping out the
Gap Elimination Adjustment that the Senate Republicans wanted.
Facing a $ 40 million
budget gap he turned this «grim» situation
into 3 straight
budgets under the mandated state tax cap, built a
budget surplus of over $ 18 million this year, replenished the fund balance to $ 40 million, and improved the county's bond rating to among the highest in the State.
Facing a $ 40 million
budget gap he turned this «grim» situation
into 3 straight
budgets under the mandated state tax cap, building a
budget surplus of over $ 18 million this year, replenishing the fund balance to $ 40 million, improving the county's bond rating to among the highest in the State.
Facing a $ 40 million
budget gap he turned this «grim» situation
into 3 consecutive
budgets under the mandated state tax cap, built a
budget surplus of over $ 18 million this year, replenished the fund balance to $ 40 million, and improved the county's bond rating to among the highest in the State.
Facing a $ 40 million
budget gap he turned this «grim» situation
into 3 straight
budgets under the mandated state tax cap, building a
budget surplus of over $ 18 million this year, replenishing the fund balance to $ 40 million, and improving the county's bond rating to among the highest in the State.
When Cuomo first came
into office, the state was facing a $ 10 billion
budget gap.
He said he assumed the office when the county faced a $ 40 million
budget gap, then turned the «grim» situation
into three straight
budgets under the mandated state tax cap, built a
budget surplus of more than $ 18 million this year, replenishing the fund balance to $ 40 million, and improved the county's bond rating to among the highest in the state.
As the Syracuse City School District goes
into its
budget process, it's looking at a $ 24 million spending
gap, a revenue problem stemming from years of stagnant state aid in the face of rising educational costs.
County Executive Steve Bellone's original
budget last year had not called for dipping
into the sewer stabilization fund at all, but rather closing the
budget gap in the $ 2.7 billion
budget through borrowing from the New York State Dormitory Authority, a path that would have required legislation approved at the state level.
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The costs associated with closing those
gaps can then be worked
into the development
budget.
Schools have had to use the pupil premium to plug the
gaps caused by funding pressures elsewhere so this money simply gets subsumed
into the rest of their
budget.
At its May 8 board meeting, school director Ben Kleban told board members that the
budget has a deficit from grants in previous years that are now expiring, and that the board's task will be to close that
gap in the coming years without eating too deeply
into reserve funds.
New Orleans College Prep, the charter school that manages Walter L. Cohen High School, may have to dip
into its reserves to cover a $ 300,000
gap between expenses and revenues in its $ 11.2 million
budget for the coming year, if fundraisers and donations can not fill the shortfall, according to a report by Yomi Akinyemi for The Lens.
Facing a shrinking college - age population and growing
budget gaps, the system's president, Mark Ojakian, released an outline Monday for an «operational consolidation» unifying the community colleges
into a centrally managed institution that would retain its dozen campuses while shedding administrators at an annual saving of $ 28 million.
Grants can be a great option to fill
budget gaps, and turn some of your classroom dreams
into instructional realities.
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The Philadelphia School District's so - called doomsday
budget — which went
into effect because of the paucity of state funding — left CAPA with a $ 1.1 million
budget gap that has cut 19 teachers and staff members since 2012.
Above: the blue - shaded regions of the graphs from the UNEP Emissions
Gap Report 2014 show that we are on track to overshoot the «
budget» of carbon we can emit
into the atmosphere without triggering significant climate change.