Sentences with phrase «budget reduction plan»

The governor had presented lawmakers with a $ 3.2 billion budget reduction plan, which legislators had said before the vote that they would not approve because it entailed mid-year cuts to schools.

As part of the $ 2.8 billion budget reduction plan legislators were poised to vote on, the state will likely hold up for six months millions of dollars in HEAL NY funds to Flushing Hospital, Jamaica Hospital, Elmhurst Hospital, Mt. Sinai Hospital in Astoria and Forest Hills Hospital, according to Stavisky.

City Council Speaker Christine Quinn, Manhattan Borough President Scott Stringer and other local leaders slammed the city for recently asking the NYPD to submit a budget reduction plan — especially after Saturday morning's attack in TriBeCa and the brutal sexual assault of an elderly birdwatcher in Central Park earlier this month.

Not exact matches

The forecast also reflects the ongoing impacts of measures announced in the 2012 Budget to freeze the Business Education Tax reduction plan.

[105] On January 8, 2008, to address ongoing structural budget issues, Governor Corzine proposed a four - part proposal including an overall reduction in spending, a constitutional amendment to require more voter approval for state borrowing, an executive order prohibiting the use of one - time revenues to balance the budget and a controversial plan to raise some $ 38 billion by leasing the Garden State Parkway, the New Jersey Turnpike, and other toll roads for at least 75 years to a new public benefit corporation that could sell bonds secured by future tolls, which it would be allowed to raise by 50 % plus inflation every four years beginning in 2010.

Only if the Government fully realizes its savings from the Debt Reduction Plan Savings Target would the budget be balanced in 2015 - 16, but just.

The Update incorporates the October average private sector economic forecasts and an increased «adjustment for risk» for 2011 - 12 to 2013 - 14, as well as an increase in employment insurance rates of only 5 cents (employee rate) for 2012, rather than the 10 cents set in legislation As a result, the balanced budget target is delayed from 2014 - 15 to 2016 - 17, prior to the inclusion of the Targeted Strategic and Operating Review Savings (now called «Deficit Reduction Action Plan Saving Target»).

As tabled, the budget had only planned $ 3 billion in debt reduction, plus another $ 300 million in «remaining surplus».

Past achievements include building the case for deficit reduction in the 1980s and early 1990s, for consolidation of the Canada and Quebec Pension Plans in the late 1990s, a series of shadow federal budgets and fiscal accountability reports in that began in the 2000s, and work on marginal effective tax rates on personal incomes and business investment, which has laid the foundation for such key changes as sales tax reform, elimination of capital taxes, and corporate income tax rate reductions.

In fact, many of the descriptions are not related to the planned reductions at all, but rather to how much more money the Government has provided in past budgets.

The Saskatchewan Party government announced a 3.5 % wage reduction to public sector employee compensation in last year's budget, amounting to a projected savings of $ 250 million, but that plan does not appear in this year's budget.

The planned Departmental savings in Budget 2012 consist of two major components — «reductions in departmental spending» and «updating defence capital funding».

This been accomplished in several ways: 85 % have scaled back on their exploration and development plans; 68 % have reduced their marketing and investor relations budget; 60 % have already begun laying off existing employees; 40 % have implemented organization - wide hiring restrictions; 34 % noted a reduction or elimination of incentive pay; and 32 % have made salary cuts.

The budget calls for tax reform that largely mirrors the House GOP's «Better Way» plan, though it does not mention much of the aspects that would pay for the changes in «Better Way» or other ways to make up for the revenue loss from the rate reductions it calls for.

The multi-year tables in New York State's just - released Enacted Budget Financial Plan for fiscal 2015 make continued use of Governor Andrew Cuomo's new fiscal conjuring device: a lump - sum, below - the - line reduction in future projected spending, based on the assumption that the governor will «propose, and negotiate with the Legislature to enact budgets that hold State Operating Funds spending growth to 2 percent.»

The SFY 2009 - 10 enacted budget, including the SFY 2008 - 09 Deficit Reduction Plan, will include $ 2.3 billion in Medicaid and other health - care «savings» and reimbursement and other reform initiatives.

The Utica Common Council has passed a budget that includes a 4.4 percent tax increase, a reduction of the spending plan submitted by the mayor.

Gov. David Paterson last Thursday proposed $ 5 billion in cuts over the next two years to fill a growing state budget deficit, and the plan makes deep reductions in funding to education, health care and state agencies.

If approved, the health taxes in the Deficit Reduction Plan and Executive Budget will drive up the cost of health insurance for all Business Council member employers that purchase health coverage — from sole proprietors and small businesses to the largest self - insured companies — yet will provide no additional covered benefits or have any effect on addressing the rising cost of health care.

The Business Council strongly opposes provisions in the 2009 - 10 Executive Budget that would impose almost $ 770 million in new or increased assessments and surcharges on health care and health insurance, including $ 590 million within the Deficit Reduction Plan.

The Executive Budget recommends a net decrease of 91 in DOT staff, an increase of 54 positions associated with the DOT takeover of maintenance and operation of Interstate 84; 15 new positions to replace consultant contracts for information technology and a decrease of 60 positions associated with the Department's workforce reduction plan and lower staffing for non-health and safety functions.

S. 249 / A. 162 (Parts D, G), A. 158 / S.58 (Part C), A. 160 / S.60 (Part D), Oppose, Deficit Reduction Plan & Executive Budget — Health Insurance Taxes

Cuomo in the past has called for reductions to state health care coverage for retirees but those plans haven't made it into the annual budget proposals.

Government plans set for April will cut # 220 million from the # 2 billion annual legal aid budget, predominantly through a 30 % reduction in fees for complex, high - cost cases and an 18 % cut in fees for other crown court work.

«Or if after 90 days the legislature fails to adopt their own plan, the reductions to the general fund and state special revenue fund appropriations and related disbursements identified in the division of the budget plan will go into effect automatically.»

Yet when we look at the Executive Budget, we see that he as included over $ 800 million in new taxes and assessments on health care and health insurance, including $ 590 million within the Deficit Reduction Plan for the current fiscal year.

Gov. David Paterson proposes a $ 5 billion deficit reduction plan to address this year's budget gap, including a $ 223.2 million cut to New York City schools.

House and Senate Republicans offered two different versions of no - tax - increase budget plans Tuesday that they insist can solve the state's projected two - year, $ 5 billion deficit without savage reductions in state aid to cities and towns and school funding.

State Budget Director Bob Megna issued a statement yesterday rejecting the mayor's claim that the city stands to lose $ 2 billion if Cuomo's spending plan is enacted as - is by the Legislature and also insisting the mayor has more than enough stashed away to make up the difference of whatever the final aid reduction might be.

Reduce the abuse,» said the governor, noting the average district would see a 2.7 percent aid reduction in his budget plan.

NBC New York asked Pataki if New York voters have the appetite for true deficit reduction, considering they just rejected the upstate Republican who had embraced the House budget plan.

And as Cuomo plans to run for re-election on a platform reducing taxes, Silver is likely to oppose any reduction in revenue after years of flat budgeting have lowered the quality of public services.

The legislative session ended with a thud earlier this month, as lawmakers settled on a budget plan that didn't have the dramatic policy changes and spending reductions Paterson was looking for to put the state on a more sound fiscal footing after he leaves office — and presumably politics — at the end of this year.

Jennings, nearing the end of his 20 - year term, last week unveiled a 171 - million dollar spending plan, reflecting a 2 - point - 4 million dollar reduction in operating expenses from last year's adoptive budget.

MANHATTAN — Gov. Andrew Cuomo proposed a plan to slash billions from the state's budget, including a 2 percent cut in Medicaid spending, a $ 1.5 billion reduction in school aid and nearly 10,000 state worker layoffs, according to a plan unveiled Tuesday.

Another central pillar of the budget agenda is a Rider Relief Plan that will invest crucial funding into the crumbling Metropolitan Transportation Authority for immediate repairs, a fare freeze for all riders, discounted MetroCards for the neediest individuals and an Express Bus fare reduction.

«The Republicans never had a plan for how they were going to close the budget, and, as a matter of fact, in the area of reduction of health care costs we went beyond what the Republicans proposed.»

The statewide teachers union has tallied projected reductions from 232 districts that have crafted their budgets so far and determined they collectively plan to eliminate 13,560 positions — mostly through layoffs.

Pataki was the last governor to achieve a budget reduction — which came in 1995 — before Cuomo was able to convince lawmakers to go along with his spending plan that aloso reduced spending.

Those general reductions come on top of municipal aid cuts and «holdbacks» approved last fall as part of a bipartisan $ 20.73 billion budget plan.

Veterans Department Funding: The Department of Veterans Services, which was fully established as a standalone agency last year, saw a planned $ 318,000 reduction in the preliminary budget from $ 3.95 million to $ 3.63 million.

To make up for the loss of potential tax revenues, Malloy's new plan also includes $ 150 million in reductions over the two - year budget cycle, bringing the total spending cuts to more than $ 144 million.

With a $ 348 million increase in taxes on health insurance already approved by lawmakers as part of the 2008 - 09 Deficit Reduction Plan (DRP), The Business Council strongly opposes an additional $ 481 million in health care and health insurance taxes that are proposed as part of the 2009 - 10 Executive Budget.

Cuomo's budget director, Bob Megna, said today that the state plans to pay for any such tax reductions by keeping spending increases to within two percent — a self - imposed constraint that matches the property tax cap the governor applied to municipalities.

Continues a Two - year Plan to Address County and State Budget Reductions: The County's budget addresses a significant fall off in sales tax revenue and other local revenue directly related to the financial and economic downturn in the U.S. and many other counBudget Reductions: The County's budget addresses a significant fall off in sales tax revenue and other local revenue directly related to the financial and economic downturn in the U.S. and many other counbudget addresses a significant fall off in sales tax revenue and other local revenue directly related to the financial and economic downturn in the U.S. and many other countries.

Assessing options and scenarios to proactively address potential significant additional budget reductions in 2011, including one of several options listed in the current Erie County Four Year Financial Plan to balance projected funding gaps that would reduce the Library's 2011 allocation by a further 10 % ($ 2.2 million); and

Meanwhile, bracing for potential federal cuts, the new deal specifies that if Congress cuts funding to New York by at least $ 850 million, the governor's budget director will develop a plan to make spending cuts that will automatically go into effect unless the Legislature imposes its own reductions within 90 days.

Gov. David Paterson criticized the lawmakers» $ 2.7 billion deficit reduction plan and said it does not go far enough to fill the approximate $ 3.2 billion budget gap the state faces, but Senate President Malcolm Smith (D - St.

That $ 200 million figure is now part of Paterson's deficit reduction plan for the budget even though the state does not have that money yet from the successful bidder.

In the words of the budget report, «Developing options for cost reductions and maximizing efficiencies while minimizing program impact is one of the Board's stated goals as it readies the new spending plan.»