Sentences with phrase «budget shortfall of»

But Karmala Sherwood, the academy's executive director, said the school had to lay off the employees, mostly administrators, to remedy an unexpected budget shortfall of more than $ 100,000.

If the school had only 200 students it would have a budget shortfall of $ 486,000, he said, while an enrollment of 305 students would essentially break even.

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

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.

The school system is facing a budget shortfall of $ 600 million to $ 700 million and remains in protracted talks with the Chicago Teachers Union, whose members have voted to authorize a strike if a deal can not be reached.

Within five years of opening, the school anticipates a budget shortfall of half a million dollars, an ongoing deficit that will get worse over time.

As reported by WILL, «In 2011, Oconomowoc School District faced a budget shortfall of almost $ 500,000.

The city faced a budget shortfall of approximately $ 500,000, even after incorporating benefit contributions from its staff.

Gov. Jeb Bush has ordered the legislature into a two - week special session, starting Oct. 22, to resolve a budget shortfall of $ 1 billion or more in the current year.

Figures obtained by BBC Wales show Welsh councils face a combined budget shortfall of # 145m over the next year.

Otsego County has enacted a hiring freeze for all workers except for those at the county correctional facility as a way to address what officials say is a budget shortfall of almost $ 4.7 million.

«That means, with a budget shortfall of this magnitude, a reduction in headcount is unavoidable,» Walcott said.

The state faces a budget shortfall of as much as $ 4.4 billion.

Major issues in the 2013 legislative session included physician - assisted death, marijuana decriminalization, and plans to address a projected budget shortfall of $ 50 - $ 70 million.

According to a January article in Education Week, 31 states face budget shortfalls of $ 30 billion or more, and the nation's governors have acknowledged that education will have to bear its fair share.

Not exact matches

The governor's offices of several states with rural areas who have struggled with budget shortfalls since 2017, like Missouri, Ohio, and West Virginia, did not respond to request for comment.

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.

Gov. Lincoln Chafee has said the state, which is facing a $ 117 million budget shortfall next fiscal year, can't rely on those lottery winnings — and, of course, no state can.

Asked if his stand against adding to budget shortfalls made him feel like one of a dying breed, Corker answered: «I do.»

However, a new shortfall of $ 170 million has opened in the state's current $ 29 million budget, even after legislators cut $ 230 million in last year's session.

The parliamentary budget officer estimated the Liberals will post a $ 22.1 - billion shortfall this fiscal year, which would be $ 4 billion more than the projection of $ 18.1 billion in the federal government's February budget.

Cuts to the highest per - capita spending in Canada will doubtless be part of the budget Premier Alison Redford unveils on March 7, but a shortfall on the revenue side, namely oil and gas royalties, has prominent Albertans calling for a more stable source of funding: a provincial sales tax.

It expects to report a whopping $ 16.7 - billion budget shortfall for the year ended March 31 (about 3 % of GDP), its third consecutive deficit.

While he suggests avoiding entities with big budget shortfalls like Illinois, there are a number of other opportunities out there for investors trying to get better yields than the still - low returns that Treasurys provide.

The government will not sell public assets for the purpose of meeting operating budget shortfalls.

With ISIS continuing to fight, Russia and China throwing their weight around, and budget shortfalls becoming bigger and bigger problems, the Department of Defense will definitely need strong leadership in the form of a commander - in - chief and his political appointees in the months immediately following the inauguration next year.

The University of Missouri (MU) is losing about 1500 students and is facing a huge $ 32 million budget shortfall four months after it attracted national attention as the site of massive race - based campus protests.

Remember, if the government gives us a tax cut they'll still have to make up the budget shortfall somehow, chiefly by selling more bonds to American citizens (who happen to be the same people getting the tax cut) or foreigners (who will raise the money by selling us more of their goods and services, or buying less of ours).

Government officials in Illinois and other states face a dilemma of budget shortfalls and the need to feed over 40,000 prisoners daily.

In fact, noting that 50 % of the MSP premiums have already been eliminated (with the impact being absorbed in «general revenues»), the new payroll tax collected will more than make up the remaining MSP revenue shortfall, and is a material contributor to achieving the balanced budgets that are forecast.

The EI increases, which were originally expected to funnel an extra $ 15 billion into Ottawa's coffers over three years, were a key part of Flaherty's strategy to phase out the government's $ 50 - billion - a-year budget shortfalls.

While I'm not persuaded by the argument that Canada needs countercyclical Keynesian deficit spending (I think we're already out of recession), I do know what fiscal policy I would consider worse: arbitrarily cutting spending in a weak economy to balance the budget in light of a revenue shortfall stemming from lower than expected nominal GDP.

Thomas Peterffy, one of three Connecticut residents with an 11 - figure net worth, has taken his wealth from Greenwich to Florida, a move that all by itself explains part of the state's budget shortfall.

As schools grapple with budget shortfalls, hiring investigators to dig into the most egregious examples of athletic - inspired transfers is a tough sell.

-LRB-...) Television stations, airports, hospitals, schools, fire brigades and social services from Spain's southernmost tip to the Balearic islands in the east are reducing headcount as Rajoy tasks regions and municipalities with shouldering 60 percent of the cuts needed to reduce the budget shortfall to 2.8 percent of gross domestic product in the next two years.

But the budget office projects the government producing a $ 1 - billion shortfall in 2015 - 16 followed by smaller surpluses of $ 600 million and $ 2.2 billion over the next two years.

However, when one adjusts for the impact of the Canadian Commercial Corporations, there is a large shortfall from the March 2010 Budget projections, amounting to $ 3.2 billion in 2012 - 13, which is not adequately explained.

For instance, during the recent stimulus bill, Billions of dollars in federal tax dollars were diverted to states to cover budget shortfalls, which had the indirect effect of preventing municipalities from declaring bankruptcy.

That said, the long - term implications of bailouts, tax shortfalls and lack of budget discipline is likely to be significant inflation pressure beginning about 4 years or so out, and continuing for the remainder of the decade.

Last spring the budget for human services and public education in Massachusetts was threatened with devastating cuts because of a shortfall in revenues.

Our economy is not in the best shape of all right now while California and now Texas are firing teachers due to budget shortfall, so JO's timing is a bit off.

Anne L. Bryant, executive director of the school boards association, said it was «disappointing» that the law «does not provide adequate funding,» which she said would «challenge schools» ability to provide school nutrition by adding a new funding burden for schools at a time when there are critical budget shortfalls.»

In SFUSD, for example, the school board has in the past contributed funds to cover a food services shortfall; in an era of steep budget cuts, that's a hard pill to swallow.

They are increasing class sizes, furloughing teachers, asking students to bring one ream of paper per class due to budget shortfall.

Second thing is that money could disappear overnight because of the budget crunch and the shortfall that they face according to the comptroller,» said Astorino.

To the extent that conservatives succeed in reducing fiscal woes to a case of runaway spending, politicians find it easier to address budget shortfalls with public sector furlough days, wage freezes, layoffs and benefit cuts than with progressive tax increases that, many economists conclude, would cause the least harm to the recovery.

The governor and state Legislature laid out a plan as part of the budget package in April to cope with any potential shortfalls resulting from a dramatic decrease in federal funds.

Cuomo's budget bill also would allow the diversion of settlement cash into the general fund to «prepare for, prevent, deter or respond to» disasters and emergencies, man - made or natural, or to cover shortfalls in projected federal Medicare or Medicaid revenues.

Years of profligate spending and crushing taxes have left the state with a $ 10 billion 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.