Sentences with phrase «budget surplus grew»

Wisconsin's net budget surplus grew to nearly $ 1 billion, money that Gov. Scott Walker and Republican legislative leaders are eyeing for income and property tax cuts.

MADISON, Wis. (AP)-- Wisconsin's net budget surplus grew to nearly $ 1 billion, money that Gov. Scott Walker and Republican legislative leaders are eyeing for income and property tax cuts.

With the budget surplus growing — the city's personal income tax receipts were up 69 percent from last year, according to a new report, he said — it was clear that politics, not the budget, was behind the mayor's drive to lay off 4,278 teachers.

Not exact matches

The structure that is currently in place should ensure a balanced budget and growing surpluses over time, provided the significant downside risks in the U.S. and the EURO area do not materialize..

No budget surplus has ever helped an economy grow, because a budget surplus sucks money out of the economy.

With the deficit eliminated and with growing budget surpluses, he also implemented major structural reforms, especially in education, research and innovation.

Middle Country's accounting practices were all the more questionable, auditors contended, because they had warned the district once before — in 2009 — that its budget surpluses had grown too large.

Controversy over budget surpluses is growing statewide, with taxpayer groups charging that districts build up reserves in large part to provide bigger contract raises for employee unions.

Despite reporting a multi-billion-dollar city budget surplus that continues to grow, Mayor Bloomberg refused to reconsider his plan to lay off 4,278 teachers — 5 percent of the teaching force — when he presented his executive budget on May 6.

Gov. Cuomo called layoffs unnecessary, citing the city's $ 2 billion surplus (the mayor's budget plan showed the surplus has grown to $ 3.1 billion).

The most recent state financial plan assumed state operating funds would grow by roughly 4 percent for the next several years, Cuomo's latest budget assumes only half that growth, allowing the administration to project a $ 2.2 billion surplus by the 2016 - 17 fiscal year, according to the briefing book.

Clegg has said that from 2017 - 18 the government should start to raise spending and cut taxes, at the same time as taking advantage of a growing economy to increase the size of the current budget surplus.

The budget shows the EI account will be in surplus in 2015 — 16 and that surplus will grow to $ 5.5 billion the following year.