Sentences with phrase «budget shortfall coming»

Not exact matches

Many state tax systems are also inadequate to address coming budget shortfalls or to finance the kind of investment necessary to offset the drop in federal spending that will inevitably follow Congress's $ 1.5 trillion tax cut.

The forecast, due Monday, sets the benchmark when legislators meet in January to write a state budget for the coming fiscal year and fix shortfalls from the current year.

In the coming years, will these Congresses respond quickly to the revenue shortfall, or will they let budget deficits fester?

Democratic lawmakers in the state Senate scoffed at the Republican tax proposals, which come as Cuomo is seeking $ 1 billion in tax and fee hikes in order to close a budget shortfall.

«I firmly believe that continued hiring as our city is facing this budget shortfall, before we even have a budget plan for the coming fiscal year, is not in the best interests of the City and our taxpayers.

Cuomo came into office in 2010, in the wake of a recession with a yawning budget shortfall.

The General Assembly came back for a special session in December to deal with a shortfall in the state budget.

New York is facing one of its largest budget shortfalls in nearly a decade this year, and deficits in coming years will get larger and larger — making life more challenging for lawmakers and Gov. Andrew Cuomo.

The budget released last week comes when the state faces a $ 4.4 billion shortfall, a number largely expected to widen as changes to the federal tax code take effect.

Senate Minority Leader Sen. Jennifer Shilling said in an interview with The Associated Press that it's not up to Democrats to come up with a plan to plug a projected $ 1 billion transportation budget shortfall.

«This budget also has the first ever Federal Funding Response Plan,» Cuomo said at a press conference at the state Capitol, explaining that if there are major federal funding cuts, his Division of Budget «will come up with a plan that corrects the state budget for that shortfall.&budget also has the first ever Federal Funding Response Plan,» Cuomo said at a press conference at the state Capitol, explaining that if there are major federal funding cuts, his Division of Budget «will come up with a plan that corrects the state budget for that shortfall.&Budget «will come up with a plan that corrects the state budget for that shortfall.&budget for that shortfall.»

The latest report by the independent agency predicts the city faces a $ 1.2 billion budget shortfall for the coming fiscal year — nearly $ 800 million less in debt than the city's latest budget predicted.

The state already has a projected a $ 4 billion budget shortfall in the coming year and is bracing for additional cuts in federal funds for health care and other services.

Even though Oklahoma is facing a $ 600 million budget shortfall for the coming fiscal year, the state's new Democratic governor proposed increasing education spending by $ 110 million in fiscal 2004 in his recent State of the State Address.

The proposal comes at a time when rising welfare rolls and severe budget shortfalls have prompted several states to consider linking benefits to changes in behavior related to schooling, job training, health care, and marriage.

The HISD crisis comes as the district plans to eliminate up to 250 teaching positions to deal with a $ 115 million budget shortfall.

Both San Francisco public schools faced five straight years of districtwide budget cuts — which hit hardest in 2010 with a $ 113 million shortfall and last school year came to a more manageable $ 13 million.

Having failed to right the ship of state, Malloy engaged in a desperate attempt to save his political career by telling Connecticut's voters that there was no state budget deficit this year and that he would eliminate the $ 1.4 billion dollar projected budget shortfall for this coming year without having to raise taxes, cut services or seek concessions from the state employee unions.

In North Carolina, the push for charters is coming as the state grapples separately with a $ 1.9 to $ 2.4 billion budget shortfall that will result in drastic cuts to the state's public schools, with proposals like eliminating most teachers» aides positions in classrooms or cutting early education programs being considered.

In North Carolina, the push for charters is coming as the state grapples separately with a $ 2.4 billion budget shortfall that will likely result in drastic cuts to the state's public schools, with proposals like eliminating teacher's aides positions in classrooms or cutting out Smart Start and More At Four early education programs already on the table.

As most people know by now, North Carolina's elected leaders are facing a huge budget shortfall of nearly $ 3.7 billion as they work to craft a budget for the coming fiscal year.

In addition, CPS is grappling with a budget shortfall of about $ 1.1 billion in the coming school year.

New Orleans College Prep, the charter school that manages Walter L. Cohen High School, may have to dip into its reserves to cover a $ 300,000 gap between expenses and revenues in its $ 11.2 million budget for the coming year, if fundraisers and donations can not fill the shortfall, according to a report by Yomi Akinyemi for The Lens.

Lawmakers went to work during bleak financial conditions, with the vast majority of states facing budget shortfalls in the coming fiscal year.

School Board members haven't yet passed a budget for the coming school year, but they and other district officials are considering a mix of tax increases, position cuts, debt restructuring and program changes to cope with the shortfalls.

This post goes over the important of always watching property taxes, and how the the coming economic trends are showing that property taxes will definitely be raised to make up for shortfalls in city and state budgets...