Sentences with phrase «budget reserve fund»

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.

Not exact matches

The agreement was that they wouldn't completely change our budgeted expenses, but they would move them up gradually and I would pay for them from reserve funds.»

Since Living Goods» overall budget is increasing, it also aims to raise an additional $ 3 million in reserves (about $ 2 million in 2015 and about $ 1 million in 2016).148 It expects to raise some funds from partnership consulting fees and margins on goods sold to CHPs, leaving about $ 10 million per year that would need to be supported by donor funding.149 In 2012 Living Goods raised $ 2.8 million, and in 2013 it raised $ 3.3 million from donors.150 Living Goods told us that it believes there is a decent chance it will reach two - thirds of its funding target for the first year through agreements with funders who have supported its work in the past, but the money has not yet been secured and the funding need will grow each year.151 The Children's Investment Fund Foundation (CIFF), one of Living Goods» major core funders historically, will be deciding in Q1 2015 whether to fund Living Goods» scale -Fund Foundation (CIFF), one of Living Goods» major core funders historically, will be deciding in Q1 2015 whether to fund Living Goods» scale -fund Living Goods» scale - up.

The Congressional Budget Office estimates that three major trust funds will deplete their reserves within the next ten years, with a fourth...

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

Elsewhere, emerging market central banks and sovereign wealth funds have been selling reserves and risk assets to defend currencies and or plug budget holes.

This amount was also asked by The US White House to reserve in the US Budget for 2016 to fund cybersecurity measures.

A combination of reserve drawdowns and domestic debt are expected to continue funding Saudi's budget deficit, which bankers estimate will reach $ 100bn this year.

The Diocese of Europe warned a reliance on reserve funds in the current budget «could not continue indefinitely» as it approved plans for greater contributions to help meet costs.

«The question that we should ask is how can you inherit a budget deficit of 9.3 % of GDP, proceed to reduce taxes, bring down inflation, bring down interest rates, increase economic growth (from 3.6 % to 7.9 %), increase your international reserves, maintain relative exchange rate stability, reduce the debt to GDP ratio and the rate of debt accumulation, pay almost half of arrears inherited, stay current on obligations to statutory funds, restore teacher and nursing training allowances, double the capitation grant, implement free senior high school education and yet still be able to reduce the fiscal deficit from 9.3 % to an estimated 5.6 % of GDP?

The draft audit notes that the city's goal had been to maintain an unrestricted fund balance (sometimes referred to as a reserve fund) of 5 percent of its total general fund budget.

To reduce administrative costs, control reserve levels, and improve management practices, the Citizens Budget Commission recommends that the Office of the NYC Comptroller increase its oversight of union - administered benefit funds through the following actions:

The comptroller said some of the potential budget gap could have been avoided if Cuomo's budget department had been «more aggressive» in putting more money in reserve funds to provide for unforeseen future events.

Will he also tell us whether those costs will be funded from the Ministry of Defence budget or drawn from the Treasury reserve?»

Obviously, that has been funded from outside the defence budget through the reserve, so it will not impact on other defence spending.

The enacted budget held spending growth to 2 % for the sixth consecutive year and the Governor's commitment to spending restraint has led to higher reserves and reliable funding for key State programs, including education and health care.»

(The latter of which would «eclipse the surplus along with the funds set aside in the retiree health benefits trust and the budget's general reserve.»)

Buffalo Comptroller Mark Schroeder speaks Tuesday in City Hall, warning of tough financial times ahead for the municipal government if it doesn't curb its habit of closing budget gaps by using reserve funds.

The cuts fill a $ 1.7 million budget gap, and leaves some funds in reserve for the future.

Such capital budget shall indicate debt service charges of previous projects, proposed down payments and other expenditures for new projects, and the recommended sources of all proposed capital financing including, but not limited to, capital reserve fund, sinking funds, current revenues, temporary borrowing, bond sales, federal and state grants, loans or advances.

The modification of WCB assessment criteria will eliminate the requirement for the State Insurance Fund to hold reserves for assessments; as a result, the Executive Budget proposes to direct SIF to release $ 1.75 billion in reserves to the state to support its capital plan over the next four fiscal years.

Santino took office as supervisor in 2016, when the town's $ 436.4 million budget included using $ 23.5 million in reserve funds to cover operational expenses, officials said.

«It's a new administration and leaving it with $ 1 million in unreserved reserve funds with a $ 3 billion budget is kind of risky,» Kopel said.

They accounted for the $ 13.6 billion cost of all the contracts by adding funds to the existing labor reserve in the budget, spending $ 1 billion from a separate account known as the «health stabilization fund» and forcing unions to come up with $ 3.4 billion worth of health care savings through FY2018.

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.

He made news recently by raising concerns about City Hall's budgeting practices, which have involved the use of reserve funds the past three years to balance the books.

The college's 2010 - 2011 budget, which was approved by the Broome County Legislature, is $ 48.8 million, with $ 6.8 million coming from the county and another $ 1 million from the college's reserve fund.

Among DiNapoli's proposals: - Require the governor to have a gap - closing plan for out - year deficits; - Impose a binding revenue forecast; - Increase reserve funds; - Require open budget negotiations;

De Blasio and the NYC Council agreed on an $ 82.1 billion budget for New York City that adds tens of millions in new spending for initiatives, including summer jobs for youths, after - school programs and reserve funds to help the city weather an economic downturn.

The Assembly's one - house budget includes a $ 200 million reserve fund to help health care providers afford an increase in the statewide hourly minimum wage to $ 15, while the Senate's version doesn't address the wage issue at all, but does have a Paid Family Leave proposal.

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 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.

The 2016 budget includes a $ 12.1 million projected deficit, which will need to be covered by the city's reserve fund.

Overall, he insists that the city's budget cushion — the reserves and surplus funds at the beginning of the fiscal year — should be between 12 and 18 percent of city expenditures.

Last month, Cuomo's chief labor negotiator said at a legislative hearing that there was no budgeted reserve for wage increases, and that «we're going to be looking at savings within the negotiations to help fund those.»

The assessment came at the request of Utica's mayor and common council after they took painstaking steps to reverse an $ 8 million budget gap and depleted fund reserves in 2012.

Today, Palmieri's $ 69 - million budget would not raise taxes nor would it draw from Utica's fund reserves, which have swelled to more than $ 5 million.

Christie has been pursuing Horizon for months, first proposing in his February budget address that the company fork over hundreds of millions of dollars in reserve funds to support his anti-addiction campaign.

Christie singled out Horizon during his annual budget address, saying the insurer should tap into «excess surplus» from its $ 2.4 billion in capital reserves to fund the anti-addiction campaign the governor hopes to make his lasting legacy.

The Assembly's one - house budget carved out some of the capital funding reserved for upstate rural hospitals to go toward Roswell Park Cancer Institute.

Tuesday the board cast a critical eye at the department's proposed budget for 2013, questioning why the relatively small district should have a reserve fund nearly -LSB-...]

Examples of the early successes of task force members include legally establishing its operating authority and scope of operation in the State Budget, requiring a study of re-use options of the Indian Point property, adding an additional $ 15 million to the State's Power Plant Cessation Mitigation Fund starting in 2020, extending the timeline for payments from that fund, and authorizing the HendrickHudson School District to start a reserve fund to plan for future tax impaFund starting in 2020, extending the timeline for payments from that fund, and authorizing the HendrickHudson School District to start a reserve fund to plan for future tax impafund, and authorizing the HendrickHudson School District to start a reserve fund to plan for future tax impafund to plan for future tax impacts.

The district will also remain qualified for AAA bond rating, which typically calls for school district reserve funds to be around 10 percent of its total annual budget.

Town board members approved Santino's $ 422.7 million 2017 budget in October, which he described as the first structurally sound budget in 25 years and said adds to the reserve funds.

Local budgets have been stretched to the limit, reserve funds have been depleted and services have been streamlined.

White House press secretary Sarah Huckabee Sanders said the administration would still keep pressing for a deal to save DACA via budget negotiations, but she repeated Trump's position that any deal reached should include funding for the border wall and get rid of the decades - old lottery program that reserves visas for people from countries that have relatively few immigrants in the United States.

But in a statement from the Nigerian Wailers signed by its Deputy National Publicity Secretary, Mr Fasipe Oluyemi, the group has called on the good people of Nigeria to come out en mass for a protest (#OccupyCBN) to stop this impunity of the Fraudulent Forex Trading, Round Tripping and racketeering going on in the Central Bank of Nigeria aided by its Governor, Mr. Godwin Emefiele and bring to an end the Manipulation of Forex, illegally funding Federal Government budget, short - changing the Money Deposit Bank's reserve ratio at the expense of the Masses as the abuse of internal process.

Fiscal 2017 Budget Resolution - Klobuchar Amendment Concerning Drug Importation — Vote Rejected (46 - 52, 2 Not Voting) The amendment would establish a deficit - neutral reserve fund relating to lower prescription drug prices for Americans by importing drugs from Canada.

Perhaps the fact that Osborne in the small print of his 2013 budget abolished stamp duty reserve tax on hedge funds may have something to do with it.