Sentences with phrase «budget rainy day fund»

Voter support for Proposition 2, a new version of a state budget rainy day fund, is increasing but is still shy of the majority backing that Gov. Jerry Brown will need to pass his signature ballot measure, according to a new poll.

Not exact matches

Keep the budget balanced or run a small surplus, then have a «rainy day» fund for emergencies.

They were able to pare the budget deficit down to $ 3.2 billion, but even that amount would nearly deplete the state's rainy day fund.

For state and local governments, the statutory requirements for balanced budgets meant that fiscal policies turned restrictive relatively quickly once budget surpluses and rainy day funds were exhausted, and this was only temporarily mitigated by federal transfers to the states as part of the initial fiscal stimulus program.

In addition, many governments have «rainy day» funds that they can draw down during periods of budget stringency.

While the Budget Stabilization Fund serves as Illinois» nominal «rainy day» reserve, sufficient funds have yet to be allocated.

But by having a solid budget in place and making adjustments where necessary, SAHMs are able to not... MORE only track all expenses but also bank money for rainy days, family vacations and even college funds.

While there is currently no consensus on how large a state rainy day fund should aim to be, bonding agencies and state budget officials generally target 5 percent as the appropriate amount.

Gov. Deal has overseen three balanced budgets without raising taxes, saved millions of taxpayer dollars by maintaining Georgia's AAA bond rating, and increased our rainy day fund by more than 500 %.

«Years of decreasing, stagnant or slow economic growth have led local governments to cut vital services and tap their rainy day funds to balance budgets, a practice that is not sustainable in the long term,» the comptroller said.

Altogether, an $ 11 million budget gap remains under Walsh's proposal, and he has said that he expects to fill that gap with rainy day funds.

Walsh's budget office was able to cut more than $ 3 million in projected spending, but the city will run an $ 11 million deficit by taking money from its «rainy day» fund.

In a letter to Kevin Lembo, the state comptroller, Barnes noted that the state still remains «significantly short» of a rainy day fund target of 15 percent of the overall state budget.

Benjamin Barnes, secretary of the Office of Policy and Management, warned that the rainy day fund — known as the «budget reserve fund» — will have to be used to pay down the deficit unless the legislature acts to reduce spending.

The state's comptroller is siding with Governor Cuomo over concerns that federal health care cuts will damage New York's budget, but he says the governor's budget experts should have saved more money in rainy day funds.

[10][14] Key parts of his plans are for «governors to identify plans to erase budget deficits in future years,» to cap state debt, and to require excess surplusses to be deposited into the «rainy day fund».

Despite such cuts, Miner's budget spends $ 18 million more than the city will receive in revenues, a gap that will be filled by using up 30 percent of the city's $ 61 million rainy day fund.

Mr. Cope has been a good steward of Sherman, managing its municipal budget well and rebuilding the town's rainy day fund.

California Gov. Jerry Brown has submitted his May revised 2018 - 2019 budget, which indicates he will leave office in January with the maximum $ 13.5 billion rainy - day fund.

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 budget that Connecticut lawmakers passed last year included a so - called volatility cap that requires any income tax revenue received above $ 3.1 billion be set aside for the rainy day fund.

The report also calls for accounting reforms similar to those Ravitch suggested to New York lawmakers during the Paterson administration, such as multiyear budgeting and robust rainy - day reserve funds.

As with last year's budget cycle, de Blasio has tried to ensure that city agencies are creating larger savings and reserve funds are being set aside for rainy day spending.

In a report issued today focusing on the recession's impact on the budgets of New York and New Jersey, the Fed branch also recommended the states create «rainy day» funds to protect against future revenue gaps, plan in advance for spending cuts and reduce reliance on personal income taxes, which are affected by changes in the economy.

In addition, the Senate Democrats dropped plans to use $ 35 million from the state's rainy day fund to plug the budget deficit.

The New York State Comptroller is out with an audit that shows the city of Troy's finances are in dire straits, thanks to poor budgeting, the overuse of rainy day funds to fund day - to - day operations, and insufficient funding for capital costs.

New York state's comptroller is siding with Governor Andrew Cuomo over concerns that federal health care cuts will damage New York's budget, but he says the governor's budget experts should have saved more money in rainy day funds.

«My audits have shown some school districts will be able to rely on ample rainy day funds to offset the low growth in revenue, but others must examine their budgets to determine where they can limit spending or cut costs in order to stay under the cap,» Mr. DiNapoli said in a statement.

Cuomo and his budget director Robert Megna have said that the cuts are not as bad as Bloomberg claims and that the city could use its rainy day fund to patch the budget.

However, there are some concerns from within and outside the Council that the city budget is growing too quickly and that there is not enough being put aside in reserves, though rainy day funds are at their highest levels ever.

Speaking at the last public hearing before the City Council and City Hall finalize next year's budget by the June 30 deadline, Mulgrew said the UFT has repeatedly brought ideas to the table on how to close the city's projected budget gap without teacher layoffs, such as cutting back on outside contractors at the Department of Education or using a portion of the city's rainy - day fund.

Under law, unrestricted reserves, known as «rainy day funds,» are restricted to 4 percent of a district's budget.

«We just don't have much time left to fix the problem,» the mayor said, warning that the 2014 budget is especially worrisome, with an expected gap of $ 3 billion between projected expenses and revenues, and no rainy - day fund left to pay the bills.

The budget dips $ 18.5 million into the city's rainy day fund balance, which would leave only $ 27 million left.

The delay of $ 750 million will be combined with short - term borrowing of $ 250 million from a series of other state accounts — including the so - called «rainy - day fund,» a step that critics have previously said Paterson should take to avert budget cuts.

As mayor, my immediate priority would be to use $ 15 million to help balance the proposed 2017 - 18 city budget, which currently draws down $ 18 million from our fund balance reserves (rainy day fund).

An audit issued by State Comptroller Thomas DiNapoli finds that unrealistic budgets, insufficient revenues, and the lack of rainy day funds left the Town of Fishkill in fiscal stress.

Just about all of the typical budget tricks (cashing in rainy - day funds, refinancing debt, looking for one - time windfalls) have already been used.

The Trump - DeVos budget and the House Appropriation Committee bill raid student aid programs — including the federal Pell Grant reserve, which the federal government slowly established after an inadequate rainy day fund led to painful cuts56 to the program — by $ 3.9 billion and $ 3.3 billion, respectively.57 The Pell Grant is the fundamental building block of financial aid support for low - income students.

The confusion seems to come from «Classrooms and Kid's» reduction to an intra-School Aid Budget rainy day reserve fund that was titled «MPSERS Reserve Fund.&rafund that was titled «MPSERS Reserve Fund.&raFund.»

Along with re-electing Gov. Jerry Brown on Tuesday, voters awarded him one of his campaign priorities: strengthening the state budget's rainy day fund.

As mayor of San Francisco, Newsom set up a rainy - day fund that prevented teacher layoffs during the recession and state budget cuts.

They've undergone a bit of a makeover over the last couple of years, when they used to provide a custom grade for several aspects of your financial life (e.g. they offered specific scores for your mortgage, monthly budget, rainy day fund and your home value and appreciation).

Filed Under: Personal Finance Tagged With: budget, budget preparation, emergency fund, freelancer, freelancing, full - time work, household budget, impulsive buying, income, part - time work, rainy day fund, reserve funds, retirement

Filed Under: Debt Consolidation, emergency fund, Personal Finance, retirement Tagged With: budget, credit card, credit card payment, debt, Debt Consolidation, Debt Problems, due date, emergency, emergency fund, household budget, rainy day, rainy day fund, reserve funds, retirement

Government funding is short duration by nature because of the annual appropriations process, and lack of any restraint — little in the way of rainy day funds — a presumption of prosperity in budgeting.