Sentences with phrase «budget reserves»

It increases city budget reserves to $ 750 million a year and reduces projected deficits in the out years, he said.

Government agencies with large R&D budgets reserve a portion of these budgets for small businesses.

Higher - than - expected state revenues could in 2015 - 16 trigger a series of new legal benchmarks that would restrict the size of budget reserves districts could maintain in the following year.

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.

Samuels said that while the state has among the largest budget reserves of any state, at a projected $ 10.4 billion by the middle of next year, continued low oil prices mean legislators will face some tough decisions when they return to Austin in January.

Democratic leaders are also calling for using $ 35 million from Connecticut's budget reserve fund.

City officials said the budget reserves are relatively high, at $ 5.25 billion, and de Blasio said that he's instituting a partial hiring freeze for certain managers and administrative workers.

«This spending growth is not accompanied by any additional increase to the city's budget reserves, and budget gaps projected in future years have grown,» said Citizens Budget Commission president Carol Kellermann.

Astorino notes Moody's main concern is the county government's participation in the state's pension amortization program and its effect on the county's budget reserves.

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.»

«This spending growth is not accompanied by any additional increase to the city's budget reserves, and budget gaps projected in future years have grown.»

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.

Maria Doulis, vice-president of the Citizens Budget Commission, said it's good to see that de Blasio is aware of the possibility of an economic downturn but she would like to see the budget reserves increase.

We have a budget reserved for the purpose, but will also consider investment proposals.

The California School Boards Association wasted no time in reissuing its call for the Legislature to repeal the cap on school districts» budget reserves, which the association calls fiscally irresponsible.

The Budget reserves an extra # 2bn for adult social care over the next three years.