Sentences with phrase «budget surpluses at»

* This evaluation is based on a well - established pattern of budget surpluses at the federal level, except during exceptional circumstances such as the financial crisis, leading to declining government debt and debt ratios since the 1990s
The shift to budget surpluses at the federal level has raised public saving, so that the US national saving rate has been relatively constant in recent years.
Meanwhile, the budget office — an arm of the governor's office — says the state is on track for a budget surplus at the end of the 2016 - 17 fiscal year providing a 2 percent limit on spending is maintained.

Not exact matches

On his Twitter page, Ernie pointed out that seemingly reasonable assumptions back at the time of the January 2001 surplus celebration would have added up to a $ 15 trillion cumulative budget surplus through 2028.
Despite the fact that economic growth for this year is now forecast to be substantially lower than that expected at the time of the April Budget, Mr. Oliver is still confident that the federal government will record a surplus in 2015 - 16.
They can not blame external economic developments for the «unexpected» slowdown in the economy and the elimination of the surplus this year since these same external economic conditions existed at the time of the April budget.
In the 2014 budget, it was clear that even with the freezing of the EI rate at $ 1.88, excess EI revenues would account for much of the projected surpluses and that the EI premium rate would have to be reduced significantly in 2017.
Despite the unforeseen fall in oil prices in 2014, the Conservative government, with a lot of slight of hand (reduction in contingency reserve, selling GM shares at fire sale prices, optimistic economic and oil price assumptions), produced a budget that financed all of its pre-election promises, while still leaving a surplus of $ 1.4 billion in 2015 - 16 rising to $ 4.8 billion in 2019 - 20.
This is happening around the world, apart from Japan (Graph 10), but Australia has been at the forefront, with a combination of budget surpluses and privatisations.
The idea of an independent Parliamentary Budget Office arose in late 2004 when the final outcome for the surplus for 2003 - 04 came in at $ 9.1 billion rather than the estimated $ 1.9 billion provided in the Budget.
These large discrepancies suggest that the April Budget forecast of a surplus of only $ 1.4 billion could be understated by at least $ 2.5 billion.
As a result, the budget surplus for 2015 - 16 was not reflective of the economic forecast at that time.
As such, looking only at 2014 - 15, a balanced budget or surplus is a very distinct possibility.
The deficit for 2016 - 17 is now projected at $ 18.4 billion, rather than a surplus of $ 1.7 billion forecast in the April 2015 Budget.
Let's remember that in the May 2006 Budget, the Harper Government proposed to examine the possibility of allocating a portion of any surplus at year - end larger than $ 3 billion to the Canada Pension Plan and Quebec Pension Plan.
He said Congress should use the reform to close tax loopholes and run budget surpluses while we are at some modicum of full employment.
Oyster Bay finance director Robert Darienzo said at the Feb. 6 meeting that the fee increases would create a surplus in the town's parking budget this year that would allow for a tax cut in 2019.
The governor's Division of Budget is estimating surpluses if future spending increases are held at less than 2 percent.
Heathrow Express workers: # 700 Network Rail: # 500 Docklands Light Railway: # 900 Virgin Rail: # 500 London Overground: # 600 London Underground: At least # 850 BAA staff: up to # 1,200 London Underground maintenance workers at Tube Lines: # 850 London Overground maintenance workers employed by Bombardier: # 650 Workers at the mayor of London's bike scheme: # 500 The latest TfL accounts for the full financial year 2011/12 show a budget surplus of # 759 millioAt least # 850 BAA staff: up to # 1,200 London Underground maintenance workers at Tube Lines: # 850 London Overground maintenance workers employed by Bombardier: # 650 Workers at the mayor of London's bike scheme: # 500 The latest TfL accounts for the full financial year 2011/12 show a budget surplus of # 759 millioat Tube Lines: # 850 London Overground maintenance workers employed by Bombardier: # 650 Workers at the mayor of London's bike scheme: # 500 The latest TfL accounts for the full financial year 2011/12 show a budget surplus of # 759 millioat the mayor of London's bike scheme: # 500 The latest TfL accounts for the full financial year 2011/12 show a budget surplus of # 759 million.
State Comptroller Tom DiNapoli says the $ 5 billion - plus pot of money due to settlements with banks and other financial institutions over alleged wrongdoing in the Wall Street crash should not be looked at as a budget surplus.
Budget Director Laurence Soule has indicated that Westchester County will close the 2010 financial year with at least a $ 60 million dollar surplus.
Recently, he's appointed a new commission to look at cutting property and other taxes, and has said the state may have a budget surplus to pay for them.
The potentially hefty surplus could set of a rare battle at the Capitol in next year's budget debate: What do with money a cash - strapped state hasn't seen in years following the economic downturn of the last decade.
State Comptroller Tom DiNapoli says the $ 5 billion dollar plus pot of money due to settlements with banks and other financial institutions over alleged wrongdoing in the Wall Street crash should not be looked at as a budget surplus.
Elizabeth Lynam, with the budget watchdog group Citizens Budget Commission says the surplus is, at this point, «fictional,» because the money has not actually materializebudget watchdog group Citizens Budget Commission says the surplus is, at this point, «fictional,» because the money has not actually materializeBudget Commission says the surplus is, at this point, «fictional,» because the money has not actually materialized yet.
Overall, he insists that the city's budget cushion — the reserves and surplus funds at the beginning of the fiscal year — should be between 12 and 18 percent of city expenditures.
Stringer, testifying at a joint legislative budget hearing Tuesday, reiterated his call from 2014 to take $ 40 million a year in surplus money from the Battery Park City Authority and send it to NYCHA.
However, some budget experts have questioned whether Cuomo's $ 2 billion projected budget surplus is attainable as it relies on capping state spending growth at 2 percent.
The governor's budget director, Bob Megna, concedes that the $ 2 billion dollar surplus for 2016 is just a projection at this point, but he says he believes that it will become a reality, even if the economy goes south.
Demonstrations have been taking place — and will continue to take place — at schools throughout the city protesting Mayor Michael Bloomberg's insistence that he needs to eliminate 6,000 teaching positions for budgetary reasons despite a $ 3 billion budget surplus.
«We've gone from a $ 10 billion dollar deficit to a $ 2 billion dollar surplus,» Cuomo told state lawmakers at his recent budget presentation.
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.
Town officials said the town was working with an operational surplus at the end of 2016 because the budget did not account for an $ 18 million garbage tax judgment from Nassau County and a $ 3.4 million equipment write - off by the town's highway department.
A survey released here at the annual meeting of the National Conference of State Legislatures reported that revenues flowing to state coffers over the past year almost doubled predictions, allowing most states to close fiscal 1995 with healthy budget surpluses.
Finances are in good order at schools managed by the Crescent City charter group, with surplus funds that can be rolled over into next year's budgets.
Moore addresses the State budget surplus, and the proposed 6.2 % pay increase in the current budget for teachers during a press conference on Tuesday, May 15, 2018 at the Legislative Building in Raleigh, N.C. Robert Willett
(hh) If the unencumbered amount of cumulative surplus revenue from tuition held by a charter school at the end of a fiscal year, less (i) the amount of the fourth quarter tuition payment, (ii) the amount held in reserve for the purchase or renovation of an academic facility pursuant to a capital plan, and (iii) any reserve funds held as security for bank loans, exceeds 20 per cent of its operating budget and its budgeted capital costs for the succeeding fiscal year as is reported in a capital plan to be submitted in the school's most recent annual report, the amount in excess of said 20 per cent shall be returned by the charter school to the sending district or districts and the state in proportion to their share of tuition paid during the fiscal year.
On the other hand, if I'm frugal with my money and find a way to reduce my monthly food and household spending, that part of my budget is going to have a surplus at the end of the month.
The board's policy demands a balance of at least $ 150,000 at all times in the special fund, so the it had to go to the city for permission to transfer $ 480,000 out of its 2011 operating budget surplus to cover the remaining costs of the review.
A budget surplus of $ 13.6 billion as at 30 June 2005 at the federal level suggests that resource availability is not the issue.
A federal budget surplus of $ 13.6 billion (as at 30 June 2005) suggests that resource availability is not the issue.
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