Sentences with phrase «budget gap over»

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.

«Assuming the governor continues to hold spending at 2 percent, if he holds spending growth, we have budget gaps over the next three years starting at a little over $ 700 million starting next year,» McMahon said.

On the plus side, the IBO estimated that budget gaps over the next two years would be smaller than the administration has projected.

Not exact matches

BRUSSELS, May 2 - The European Commission proposed a bigger new multi-year budget on Wednesday that will trigger battles among member states over how to fill the funding gap left by Britain's exit next year.

BRUSSELS, May 2 - The European Commission announced on Wednesday proposals for a new multi-year budget that is expected to see EU countries squabble among themselves over how to fill the funding gap left by Britain's exit next year.

BRUSSELS, May 2 - The European Commission met on Wednesday to agree proposals for a bigger new multi-year budget that will trigger battles among member states over how to fill the funding gap left by Britain's exit next year.

As we have detailed before, there is a wide gap in the reconciliation instructions in the two budgets that could result in a $ 2 trillion difference in debt over ten years.

With Albany looking at another $ 9 billion budget gap to plug next year, the cycle of transit raids blowing a hole in the MTA budget is primed to start all over again.

Gov. Andrew Cuomo unveiled a $ 168 billion budget plan that would close an over $ 4 billion gap by reducing some spending and imposing tax increases on health insurers, big businesses and prescription opioid users, among others.

Cuomo closes this year's budget gap by reducing spending at state agencies by over a billion dollars.

The state faces an over $ 4.4 billion budget gap, as well as funding cuts and policy changes from Washington that could cost New York and some of its taxpayers billions of dollars.

Gov. Andrew Cuomo once again criticized New York City Mayor Bill de Blasio over how to close a gap in the capital budget of the Metropolitan Transportation Authority.

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

NYS, according to Comptroller Thomas DiNapoli is currently at a $ 2 billion budget gap and expected to rise to $ 2.9 billion over the next 2 years.

Walker, who took office last month, says the emergency measure would save $ 300 million over the next two years to help close a $ 3.6 billion budget gap.

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.

The $ 3.5 billion budget gap identified in December is closed through $ 2 billion in spending reductions and $ 1.5 billion in revenues from the tax reforms enacted last year that maintained the millionaire tax, albeit only on multi-millionaires rather than anyone making over $ 250,000.

The circumstances in 2016 are far different: The state's financial picture has improved over the last five years and the budget doesn't face a yawning $ 10 billion gap.

Gov. Andrew Cuomo's budget this year increases education aid by about $ 990 million, with $ 2.1 billion being spent over the next two years and also ends the education cuts known as the gap elimination adjustment.

The tax increase would have been part of a broader effort to close the budget gap of $ 3.5 billion over two years.

At City Hall this morning, Albany Mayor Kathy Sheehan turned up pressure on the state over the $ 12.5 million in aid the city is seeking to close its budget gap.

In 2003, over the Governor's vetoes, the Legislature closed the state's budget gap in a much more balanced manner than New York State had pursued in the early 1990s, and the state is now enjoying the benefits of those choices.

In order to mask the full size of the budget gaps that his multi-year tax cuts would create, the Governor is proposing large service reductions, growing in value from close to $ 2 billion in 2006 - 07 to over $ 3 billion the following year.

The party said figures obtained from police forces and Her Majesty's Inspectorate of Constabulary (HMIC) show the current budget gap for forces in England and Wales stands at over # 500 million — equivalent to thousands of police officer jobs being lost.

A report released on Tuesday by Comptroller Tom DiNapoli's office raised alarms over the state's budget picture, finding lower tax revenue and a $ 4.1 billion budget gap.

The Capitol is still girding for a half - dozen public corruption trials and a coming battle over closing a $ 4 billion budget gap.

Democrats are divided over whether Paterson's wait - and - see - the - proposals approach is the best way to tackle the budget gap.

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.

«While closing a $ 4.4 billion gap, this year's budget sends $ 16.5 billion in aid to the city — more than 40 percent of funding awarded to all local governments — and a half billion dollar increase over last year,» Peters said in a statement.

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.

The state's financial situation is an utter disaster: Spending has risen by 10 percent over last year's budget, and the state is looking at a $ 9 billion shortfall for this fiscal year and then a $ 15 billion gap for the subsequent year.

Governor Cuomo has said he's agreed to add more than $ 8 billion to the state budget plan towarding closing the MTA budget gap, and the governor has repeatedly pointed out that the city benefits the most from MTA services; while a spokesperson for the mayor said that «New York City, through taxes, tolls and fares already contributes over 70 percent of the MTA's operating budget.»

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.

New York Insurance Association President Ellen Melchionni said she was «highly disappointed that the court did not stop this back - door tax on New York businesses... This is a secretive practice that the state employs when they want to fill budget gaps — amounting to more than $ 1.8 billion over the past seven years.»

Tkaczyk's assertions were in line with Superintendent Seth Turner's presentation to the board at the December meeting, during which business administrator Lissa Jilek said the gap elimination adjustment has cost the district $ 11.7 million since 2010, an amount which is equal to 4.1 percent of the total operating budget, and breaks down to over $ 800 per pupil.

He also submitted legislation to close what he said was an additional $ 620 million budget gap that has opened up over the weeks the Legislature has spent debating how to close the existing gap of more than $ 9 billion.

He also proposes eliminating the Gap Elimination Adjustment over the next two years, so that schools would receive $ 434 million that has been kept from them under a budget maneuver the state Legislature passed in 2009 during a billion - dollar budget crunch.

Borgononi says the gimmick has had a dramatic effect on school budgets, noting that over the four years that the Gap Elimination Adjustment has been in effect, Onondaga County schools have not received $ 270 million in state aid they were entitled to.

New York (CNNMoney.com)- Some U.S. states facing steep budget gaps have resorted to tax policies that could be harmful over the long term, a non-profit research group said Monday.

With the governor and state legislators at loggerheads over how to close the budget gap — a necessary first step toward restoring the state's credit rating and restoring its ability to sell bonds — there may be more rough sailing ahead.

While the number of graduate students supported by research grants has been higher than the number supported on training grants since the early 1980s, the gap steadily widened as NIH's research budget grew — then shot up in the early 2000s when NIH's budget doubled over 5 years (see graph below).

The second factor is that the budget is so much less than the first movie ($ 17M versus $ 27M, and that's not counting for inflation over the 10 - year gap), and boy does it show.

When asked how they «reduced their budget gaps» over the past two years, fewer than half had eliminated or limited cost of living raises for teachers, only 30 percent cut automatic step increases, and just 13 percent trimmed benefits.

If you add the «roll - up» expenses (the so - called fixed costs associated with items like contracts and pensions), you suddenly, have a budget «gap» of over $ 3 million.

They fear the possible end to traditional print books altogether, that too much control over our children's education will be in the hands of Apple, that outfitting each student with an iPad and requisite IT support will create additional financial burdens on school budgets, and that existing access gaps may be widened when some schools can not afford the technology.

But the nation's fourth - largest district, with over 350,000 students and an annual budget of over $ 5 billion faced a number of big challenges, among them, a growing principal shortage, a rash of underperforming schools, and a wide achievement gap between Miami - Dade students and students in other Florida districts.

Coachella Valley Unified has approved a plan to lay off over 50 teachers in order to close a $ 10 million budget gap.

Walker, who took office last month, says the emergency measure would save $ 300 million over the next two years to help close a $ 3.6 billion budget gap.