Sentences with phrase «budget hole for»

It will cause a very large budget hole for Erie County when the credits run out.

Not exact matches

President Donald Trump plans to stick with his campaign pledge to slash the corporate tax rate from 35 percent to 15 percent, but the dramatic cut raises a problematic question for the White House: How can the president deliver the «massive» tax cut he promised without also blowing a massive hole in the budget?

But despite it likely to blow a massive hole in their budget Mourinho would move for Bale if he does come onto the market this summer.

While the cost of the land was the same, commissioners budgeted $ 6 million for development because that proposal called for a 9 - hole golf course and driving range.

The Chicago Park District board Wednesday approved a $ 400 million spending plan for next year's budget, which will include modest fee increases and cuts in spending to close a $ 22 million hole.

A transfer of funds in Cuomo's $ 152.3 billion executive budget proposal could blow a hole in the budget for the NYC Department for the Aging, potentially leading to the closure of dozens of senior centers.

Factcheck Please: The money can't be used to plug budget holes — it never would be $ 700 million for one state, and accepting it would cost districts more money.

The budget deficit for the current fiscal year had grown to $ 350 million dollars, and the projected gap for the new fiscal year would be a $ 3.5 billion dollar hole, if spending were to take place as planned.

New York, obviously, faces a different situation today as the faltering economy has led to a $ 3.5 billion hole in the state budget for the coming 2012 - 13 fiscal year, which begins April 1.

«Every opportunity is being given for military personnel to retrain either for alternative roles in the armed forces or in civilian life, but the simple fact is we have to tackle the massive deficit we inherited from Labour and the huge black hole in the defence budget,» he explained.

Federal officials have reportedly confirmed that they are cutting off a major portion of funding for New York's Essential Plan, opening a roughly $ 1 billion hole in the state budget and raising new doubts about the future of a rapidly growing health insurance option for the working poor.

Several months ago, Paterson — citing the state's $ 9.2 billion budget hole — vowed to cut off funding for the state parks system, meaning that 41 parks and 14 historic sites would be shut down altogether and services cut at 24 more.

The decision creates a $ 15.8 million hole in this year's budget and will make it even more difficult for county Executive Edward Mangano to balance next year's projected budget, which is supposed to be submitted to the legislature Thursday.

«Recent state budgets advanced by the Governor and approved by the Legislature have improved the long term picture for counties, but in the short term counties have a deep hole to climb out of.

By keeping state operations spending growth at 2 percent, the budget hole is closer to $ 1.8 billion.As expected, the governor tucked into the budget non-monetary initiatives, such as new sexual harassment policies, the codification of abortion rights in state law and methods for New York to participate in «early voting,» all of which he touted in his Jan. 3 State of the State address.

What started out as a small, off - budget, temporary surcharge on insurance to help pay for charity care, hospital debt and graduate medical education as New York hospitals deregulated in the late 1990s, has ballooned over 19 years into a multibillion - dollar all - purpose revenue fund that supports dozens of public health programs, and plugs billion - dollar holes in the state's general budget.

So when one line within that budget is found to have a surplus of nearly $ 140 million — even though it's a fund reserved for county residents» most valuable resource — borrowing from it with the explicit agreement that it will be paid back beats plugging a hole with debt payments, plus interest.

Cuomo has long warned that deep cuts to federal health care spending could rip huge holes in the state's budget and devastate health care coverage for New Yorkers.

Answers: money will go into the black hole known as the NYS budget, heck no they wont lower taxes, they've got expenses to pay for, like more affordable housing that pushes up the costs for everyone else.

After you subtract $ 23 million for the current fiscal year (a number that does not, for the record, fit with state Comptroller Tom DiNapoli's projection of an up to $ 1 billion hole in the current budget), that leaves a two - year General Fund surplus of $ 415 million.

New York trails other states in modernizing its 911 systems to handle greater cellphone use, in part because lawmakers routinely divert money intended for that purpose and use it to plug holes in the state budget.

Now George has a # 4 billion black hole in his budget and he's under fire for his tax cuts for the rich.

Bill Hammond: «Federal officials have reportedly confirmed that they are cutting off a major portion of funding for New York's Essential Plan, opening a roughly $ 1 billion hole in the state budget and raising new doubts about the future of a rapidly growing health insurance option for the working poor.»

The budget passed earlier in the year had contained a hole of nearly $ 900 million, and a shortfall of well over $ 3 billion was looming for the fiscal year set to start on April 1.

«Obviously we're a big part of the state and whenever there is a big hole in the state budget that needs to be filled, we can feel that pinch,» said Freddi Goldstein, a spokeswoman for Mayor Bill de Blasio.

And while I sympathize with his frustrations regarding «the holes in his roads and in the county budget», for most in the community know that I, as a minority legislator, have been one of the most prominent voices in county government trying to stop financial missteps over the past few years.

The state budget is now more than six weeks late as Paterson pushes for furloughs and considers layoffs to fill a $ 9.2 billion hole.

State Senator Neil Breslin appeared with Assembly members Pat Fahy and John McDonald, in a show of support for Mayor Sheehan, who implored all city residents, state workers and politicians to blitz state lawmakers in a fund drive of epic proportions to not only land the $ 12.5 million to plug the hole in Albany's budget, but also fix funding formulas so the mayor never needs to pick the tin cup again.

A state - funded capital construction program added on as a patch in the state budget to offset that hole in the waiver is a start, but it's just $ 1.2 billion, spread over seven years, and there are a lot of institutions in competition for a piece of it, Hannon said.

Suffolk County Executive Steve Bellone says «unauthorized bonus payments» to long - time District Attorney Thomas Spota's prosecutors were given without approval for the past five years, with the three most recent payments resulting in a nearly $ 900,000 hole in the county's budget.

A transfer of funds in Gov. Andrew Cuomo's $ 152.3 billion executive budget proposal could blow a hole in the budget for the city Department for the Aging, potentially leading to the closure of dozens of senior centers.

While the executive proposal includes $ 200 million in funding to address the opioid crisis, it does not prevent the state from using the existing funds designated for these programs to plug other holes in the budget, according to Bill Hammond, health policy analyst at the Empire Center for Fiscal Policy, a conservative - leaning think tank.

Suffolk County Executive Steve Bellone says «unauthorized bonus payment» to longtime District Attorney Thomas Spota's prosecutors were given without approval for the past five years, with the three most recent payments resulting in a nearly $ 900,000 hole in the county's budget.

But Cuomo's hands are tied: If he goes big in the budget for a moonshot issue like, say, the Dream Act, progressive advocates will poke holes in whatever compromises were needed to attain it.

The real loser may be DiNapoli who will certify the budget is in balance on the day it ia passed, but 60 days out, at the start of the campaign season, we'll be another 2 - 3 billion in the hole and he will be tagged a shill for Shelly.

New York finally got some good news from Congress on Wednesday when the Senate pushed forward $ 2.6 billion in aid for the state, after two months of lost votes on the issue threatened to blow big holes in local and state budgets.

ALBANY — For months, the state has been sounding the alarms on how the repeal of the Affordable Care Act would blow a huge hole in the state budget.

Governor Cuomo has warned for months that the proposed repeal of the ACA would blow a multi-billion dollar hole in the state budget, and potentially cost state and local governments and New York's hospitals $ 4.5 billion.

«So we're nine million in the hole on the sales tax projections for 2015, we're under budget, and the County Executive seems to think that the best way to solve every problem that Erie County is facing is by throwing more money at it, and I don't think we can afford it,» said Lorigo.

Given that the Collins - Faso amendment would blow a $ 2.3 billion annual hole in the state budget, Poloncarz said the state might make up for the loss by simply shifting other costs onto the counties.

And yet the city remains trapped in a cycle of begging the state for money every year to patch holes in its budget.

The city is projecting a $ 5.5 billion hole for its next budget year, which begins in July 2010.

Independent budget analysts for the Suffolk County Legislature say County Executive Steve Bellone's budget next year has a potential $ 50 - million hole in it.

The reason for these mid-season emergency meetings is a hole in the current - year budget, which Malloy's budget office and Comptroller Kevin Lembo peg at about $ 120 million, and the legislature's nonpartisan Office of Fiscal Analysis pegs at $ 254 million.

They also say Mejias has to answer for his past legislative record of backing the home energy tax, annual reassessments, and increasing property taxes and budgets that have left Nassau in a $ 300 - million hole.

For some Democrats in Connecticut, the idea is simple: hedge funds have the money and they already get a tax break, so the state could plug budget holes with a 19 percent surcharge on investment companies.

Freeing counties from Medicaid costs: An amendment in the bill requires the state to stop shifting 13 percent of New York's Medicaid costs to counties, creating a $ 2.3 billion budget hole and a significant political headache for Gov. Andrew Cuomo and the state Legislature.

The superintendent took the fall for the mistake, and now the district, which has already endured layoffs and program reductions in recent years, is facing a gaping hole in its budget and looking for the state to help.

[needs update] The job losses would account for some of the cuts announced under the defence review — intended to help plug the # 38 billion hole in the defence budget.

DiNapoli says the losses are likely to blow a bigger hole in the state's budget, at least for the short run.