Moreover, the admittedly quite uncertain long - term budget exercises released by the CBO last October maintain an implicit on -
budget surplus under baseline assumptions well past 2030 despite the budgetary pressures from the aging of the baby - boom generation, especially on the major health programs.
Not exact matches
Personal income tax will hit a 20 - year high of 12.5 per cent of GDP by 2020 - 21
under the
budget forecasts as the government relies on bracket creep and an increase in the Medicare levy to return the
budget to
surplus.
Under our leadership we cut more than $ 100,000 from the Legislature's 2015
budget, will be delivering a
surplus for 2014 and have overhauled how the Legislature operates.
Faced with a $ 40 million
budget gap, he turned this «grim» situation into 3 straight
budgets under the mandated state tax cap, built a
budget surplus of over $ 18 million this year, replenished the fund balance to $ 40 million, and improved the county's bond rating to among the highest in the State.
Even though the city has a
budget surplus, the mayor said the city is operating
under the premise that it would be on its own if a recession hit.
I am very proud to tell you that, based on the projected numbers we are seeing as of today, Oneida County will end 2011
under budget, which will mean that in every year of my administration, we have achieved an operating
surplus while providing critical services to the people of Oneida County.
Now,
under Cuomo's new
budget plan, roughly $ 850 million out of a $ 5.4 billion
surplus — generated by nearly a dozen major financial settlements finalized last year — would be set aside in reserves to settle «federal risks.»
Facing a $ 40 million
budget gap he turned this «grim» situation into 3 straight
budgets under the mandated state tax cap, built a
budget surplus of over $ 18 million this year, replenished the fund balance to $ 40 million, and improved the county's bond rating to among the highest in the State.
Facing a $ 40 million
budget gap he turned this «grim» situation into 3 straight
budgets under the mandated state tax cap, building a
budget surplus of over $ 18 million this year, replenishing the fund balance to $ 40 million, improving the county's bond rating to among the highest in the State.
Facing a $ 40 million
budget gap he turned this «grim» situation into 3 consecutive
budgets under the mandated state tax cap, built a
budget surplus of over $ 18 million this year, replenished the fund balance to $ 40 million, and improved the county's bond rating to among the highest in the State.
Facing a $ 40 million
budget gap he turned this «grim» situation into 3 straight
budgets under the mandated state tax cap, building a
budget surplus of over $ 18 million this year, replenishing the fund balance to $ 40 million, and improving the county's bond rating to among the highest in the State.
Gov. Andrew Cuomo in
budget projects has described several types of
surpluses under the proposed 2015 - 16
budget, with $ 525 million expected to be left over in the general fund.
He said he assumed the office when the county faced a $ 40 million
budget gap, then turned the «grim» situation into three straight
budgets under the mandated state tax cap, built a
budget surplus of more than $ 18 million this year, replenishing the fund balance to $ 40 million, and improved the county's bond rating to among the highest in the state.
And large
budget surpluses in some Clinton years meant that every constituency could find something
under its pillow: tax cuts for Republicans, entitlement expansions for Democrats and a balanced
budget for America.
Under a bill signed by the Republican governor in May, the state expects to give out rebates totaling about $ 240 million drawn from its
budget surplus.
Under Roberts, the Detroit Public Schools has generated an annual operating
surplus for the 2011 fiscal year, its first
surplus since 2002; accelerated the elimination of its $ 327 million legacy deficit; and adopted a balanced
budget for fiscal 2012.
Malloy claims that his $ 19 billion proposed
budget for this coming year includes a $ 22 million
surplus and is
under the state's constitutional spending cap by $ 8 million.
Of course, once you get to the stage where you have your finances in order and everything is
under control,
budget surpluses can be better spent on investing in appreciating assets such as property, provided the property market is rising, and only where you will be able to make more money from borrowing to buy the property than you would using the money elsewhere.
FDR ran deficits, Truman ran deficits (but also
surpluses with a GOP Congress & rapid defense cuts), Ike had
surpluses with GOP Congresses but not with Democrat, JFK ran deficits, LBJ ran deficits, Nixon had just one
surplus, thanks to Democrat Congresses, Ford ran deficits
under Democrat Congresses, Carter ran deficits, Reagan ran deficits, thanks to his
budgets» being declared «DoA» by Tip, Clinton ran deficits until the GOP took control of Congress & Bush ran deficits,
under mixed Congressional control.