Sentences with phrase «budget gaps in»

Many states foresee budget gaps in both fiscal 2011 and 2012.

The MTA expects a balanced operating budget through 2019 but it anticipates budget gaps in subsequent years, beginning at $ 112 million in 2020 and building up to $ 493 million in 2021, even with planned biennial fare and toll increases of 4 percent in 2019 and 2021, according to the report.

State Comptroller Tom DiNapoli cautioned that despite smaller out - year budget gaps in the NYC 2014 fiscal plan, significant risks to the budget remain.

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.

Budget gaps in coming fiscal years could run as high as $ 3.4 billion without a voluntary 2 percent cap on spending increases in the state budget, Comptroller Tom DiNapoli's office found in a report released Monday.

As illustrated in the Executive Budget financial plan, the state will be facing significant budget gaps in each of the next three years, and a new payroll tax on employers will be a tempting target for future administrations and Legislatures looking for increased revenues, but reluctant to impose new or higher taxes directly on individuals.

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.

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

The second, and more pressing problem, is closing what is estimated to be a multi-billion dollar budget gap in fiscal 2012.

And Wisconsin has closed a much larger budget gap in the past without scrapping worker organizing rights.

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.

Cuomo said due to the structural reforms enacted in last year's budget as well as the reforms proposed in this budget, the budget gap in 2013 - 14 is projected at $ 715 million.

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.

He also opposed a similar surcharge on those making $ 1 million or more in order to close a $ 10 billion budget gap in the 2011 - 12 fiscal year.

With a projected $ 3.8 billion budget gap in FY 2019 and signs of a potential economic slowdown, Comptroller Stringer emphasized the importance of building up the City's budget reserves and finding savings in his testimony before the City Council Committee on Finance's hearing on the Fiscal Year 2017 Executive Budget.

Governor Cuomo said earlier this week that «there is a need» for a special legislative session to address a $ 350 million dollar budget gap in the current fiscal year, and a growing $ 3.5 billion dollar gap for next year.

Malloy is expected to propose both tax increases and spending cuts to balance the largest budget gap in recent state history.

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.

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

• Schools chief Barbara Byrd - Bennett reminded board members that the district faces a $ 1.1 billion budget gap in the 2016 fiscal year, and called for action by state lawmakers to help alleviate budget pressure in the coming fiscal year, which begins in July.

What's commonly been defined as the district's budget gap in the past — the difference between the cost to continue existing programs and salaries and what the district is allowed to tax under state revenue caps — is actually $ 1.2 million.

States alone face a $ 97 billion budget gap in the next two years.

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 fiscally responsible path would have been to enact revenue - raisers and spending curbs elsewhere in the budget to fill the gaps.

According to a statement the SBA released this morning, the competition will allow entrepreneurial models to compete for prizes of $ 50,000 apiece, helping to fund operating budgets and fill in gaps in the entrepreneurial ecosystem.

The «McPick 2» deal bridged the gap for a while, but this new value menu is a huge step forward in the budget battles.

The 2014 budget announces that the government will introduce «legislation to prohibit unjustified cross-border price discrimination to reduce the gap between consumer prices in Canada and the United States,» but gives no indication what this legislation may include.

She added that by Congressional Budget Office estimates, cited by Harvard professor and former Secretary of the Treasury Larry Summers, a 0.2 percentage point increase in GDP would eliminate any long - term budgeBudget Office estimates, cited by Harvard professor and former Secretary of the Treasury Larry Summers, a 0.2 percentage point increase in GDP would eliminate any long - term budgetbudget gap.

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.

Driving for Uber or selling handmade jewelry on Etsy can be a great way to fill in the gaps in your budget.

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.

As the 2016 fiscal year comes to a close, first - term Governor John Bel Edwards and the state legislature have been in crisis mode, struggling to close a fiscal 2017 budget gap that could run as high $ 800 million — and that is after $ 485 million in emergency spending cuts this year.

The budget gives an estimate deficit of only 2.9 billion in 2014 - 2015 (page 10), so it is very reasonable to suggest that somewhat faster economic growth would fill this gap.

In this environment, which states stand to collect the most from a cross-border sales tax, relative to their budget gaps?

As the 2016 fiscal year comes to a close, first - term Gov. John Bel Edwards and the state legislature have been in crisis mode, struggling to close a fiscal 2017 budget gap that could run as high $ 800 million.

In an era when there is a $ 200 billion infrastructure gap just for Canadian municipalities but political leaders at all levels are convinced the public wants balanced budgets, where will the dollars come from?

The government took a stab at cross-border price differences in the 2013 budget when it eliminated tariffs on baby clothing and sports equipment — rates as high as 18 per cent for skates — to try to narrow the gap.

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.

Maglan concentrated on investing in companies with economic difficulties in the United States but the low values in Puerto Rico and «the steps taken by the Governor to close the gap in the budget» attracted Maglan to invest for the first time in municipal debt.

What then happens is that businesses have to find the funds to fulfill their promises to supporters and this can create a gap in their operations budgets.

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I know our club will have to make a statement in the transfer market next summer if and when Alexis Sanchez and Mesut Ozil decide to quit the club at the end of their contracts, and their departures will leave a nice sized gap in our wage budget which we could fill with a big arrival, but Griezmann looks too likely to join one of the bigger sides.

The goal is to provide modest funding to fill gaps in a school's operating budget allocation for parent education programming.

The goal is to provide modest funding to fill gaps in a school's operating budget allocation for programing to encourage inclusion.

As localities adjust to the property tax cap, more may turn to sales tax revenues to fill in budget gaps.»

In the end, the Legislature wound up approving a $ 132 billion budget that closed a $ 10 billion gap without any broad - based tax increases.

The association released it's 2014 budget recommendations this week and the proposal includes phasing out the gap elimination adjustment and phasing in the foundation aid formula.

Without the offset of the 18 percent wage hike included in the deal realized through health care savings negotiated by the administration with the UFT and Municipal Labor Council, which represents all city employees, this agreement «could increase future budget gaps to levels that would be more difficult for the city to deal with, especially during another downturn,» Moody's warned.

The proposed $ 152 billion budget proposal as unveiled by Cuomo did not include a contingency plan for repealing the measure, which is projected to result in a $ 3.7 billion gap in the state's revenues.

State aid in recent years has actually increased in state spending plans, while the budget this year closed the gap elimination adjustment.