Sentences with phrase «by budget reductions»

Not exact matches

While he would have liked to have seen more investor - specific changes — «it's always nice to have more rather than less,» he says — he thinks it's unlikely we'll see any reductions in capital gain taxes or major increases in TFSA room until at least 2015, when the government says it can balance the budget by.

Republican Presidents, including Trump, have promised to balance future budgets with gigantic reductions in discretionary spending, a category that includes both outlays for defense, and all other areas that are voted each year (as opposed to entitlements that provide benefits guided by a fixed formula).

[105] On January 8, 2008, to address ongoing structural budget issues, Governor Corzine proposed a four - part proposal including an overall reduction in spending, a constitutional amendment to require more voter approval for state borrowing, an executive order prohibiting the use of one - time revenues to balance the budget and a controversial plan to raise some $ 38 billion by leasing the Garden State Parkway, the New Jersey Turnpike, and other toll roads for at least 75 years to a new public benefit corporation that could sell bonds secured by future tolls, which it would be allowed to raise by 50 % plus inflation every four years beginning in 2010.

Countries experiencing the biggest reductions in expected growth include Brazil and India, whose economies have cooled this year; newly industrialized Asian economies, like Korea and Singapore, hit by a broader global slowdown; and Britain, struck by austerity budgeting.

The House budget, on the other hand, paves the way for more responsible, revenue - neutral tax reform accompanied by at least some mandatory spending reductions that are a down payment on fiscal responsibility.

Using the sensitivity analysis provided by the Department of Finance in the April Budget, a reduction in real economic growth of 0.6 percentage point would result in deterioration in the budget balance of approximately $ 2.5 billion in 2015Budget, a reduction in real economic growth of 0.6 percentage point would result in deterioration in the budget balance of approximately $ 2.5 billion in 2015budget balance of approximately $ 2.5 billion in 2015 - 16.

We're seeing a lot of proposals in Congress that aren't accompanied by a lot of thought or analysis of what impact a deep cut in travel budgets could have,» such as a reduction in services for taxpayers and for veterans, and fewer job - related conferences.

Lesson # 4: «What is clear and critical for understanding the current situation is that a balanced budget was (NOT) achieved almost entirely through reductions in spending» (NOT) added by authors.

One - eighth of this total, or $ 178 billion, comes from the macroeconomic effects of the budget's deficit reduction, as estimated by the Congressional Budget Obudget's deficit reduction, as estimated by the Congressional Budget OBudget Office.

But even with that reduction, the federal debt is projected by the Congressional Budget Office to be a staggering $ 26 trillion.

Greece is already managing to beat some of its deficit - reduction targets, as figures released Wednesday show that its central budget deficit for the first two months of 2012 had shrunk by more than half compared with the same period last year.

Meanwhile, Standard & Poor's, which last week downgraded Spain's sovereign rating by two notches, said the country is «very unlikely» to meet its budget deficit reduction targets.

The reduction in spending on the environment began before the budget of 2012, and will continue after 2015 according to the latest budgetary estimates provided by the departments and agencies concerned.

In addition, there are material expenditures missing from the operating budgets going forward, such as the Golden Ears bridge toll fees removal in year two and beyond, the one - third replacement cost of the Pattullo bridge (which was to be funded by tolls) and the second 50 % of the promised 100 % MSP premiums reduction.

The control number assigned to the information collection requirements in this part by the Office of Management and Budget pursuant to the Paperwork Reduction Act of 1995, 44 U.S.C. Chapter 35, is OMB number 0581 — 0191.

The Senate is said to commenced work with eleven economic bills in creating over 7.5 million jobs and poverty reduction by 16.4 per cent with 2017 national budget.

Skelos and Libous need to cut the Senate Budget by 25 % or more I am sure Jay Jacobs and John Sampson would support a reduction of 25 % or more in the Senate bBudget by 25 % or more I am sure Jay Jacobs and John Sampson would support a reduction of 25 % or more in the Senate budgetbudget.

The final agreement not only burnishes Cuomo's liberal credentials by extending (though not expanding) the millionaire's tax, raising the age of criminal responsibility of New York and addressing the high cost of college tuition for members of the middle class, it also dramatically increases his (already considerable) budget powers, enabling him to single - handedly make spending cuts in the event of widely expected future federal funding reductions.

Thanks to an aggressive campaign by ATU Locals across Connecticut, bus and train fare increases and service reductions that had been scheduled to take effect on July 1 have been canceled in a state budget adjustment bill signed by Gov. Malloy.

Comparable to reductions for SUNY and CUNY, the Executive Budget reduces unrestricted financial assistance to New York's independent colleges and universities (Bundy Aid) by 10 percent, comparable to reductions proposed for SUNY and CUNY.

The Utica Common Council has passed a budget that includes a 4.4 percent tax increase, a reduction of the spending plan submitted by the mayor.

The team, which also includes State legislators, is conducting a comprehensive review of New York's Medicaid Program and is to report its findings and recommendations for cost reductions to the Governor by March 1, 2011 for consideration in the budget negotiation process.

House Republicans are seeking to cut the U.S. Education Department's budget by $ 2.4 billion, or 3.5 percent — a substantial reduction, though far smaller than the $ 9.2 billion in cuts that Trump proposed.

Campaign literature distributed by Oyster Bay Town Supervisor Joseph Saladino over the weekend touted a budget without a tax hike, the town's reduction of debt and ethics reform.

State Budget Director Bob Megna issued a statement yesterday rejecting the mayor's claim that the city stands to lose $ 2 billion if Cuomo's spending plan is enacted as - is by the Legislature and also insisting the mayor has more than enough stashed away to make up the difference of whatever the final aid reduction might be.

«I am confident that the 10 percent reduction can be achieved without requiring new closures of state parks or historic site by reevaluating our operations to identify additional efficiencies, eliminating redundancies, and examining how savings from actions taken in the current fiscal year will help in in the next fiscal year,» said Andy Beers, acting commissioner of the Office of Parks Recreation and Historic Preservation, before a joint legislative budget committee this morning.

Bloomberg's budget cut funding for the public advocate's office by 11 percent, which comes on top of last year's 40 percent reduction.

It should be noted that the austerity measures she justifies are not intended to contain budget deficit (as in Greece) but to reduce the growth of the prices via reduction of the demand, that is, by making the population poor intentionally.

That this House expresses deep concern at the impact of the UK Government's policies on Wales; notes the UK Government's real - terms reduction of the Welsh Budget by # 1.5 bn; notes that Wales currently suffers from the lowest average rates of pay in Britain and has the highest proportion of individuals affected by cuts to social security including the Bedroom Tax; further notes that Wales suffers the highest energy bills in the UK and that these, along with low pay, have compounded the cost of living crisis in Wales; and calls on the Government to immediately scrap the Bedroom Tax, freeze energy bills and undertake measures to increase pay rates in Wales.

The report praises Assembly Ken Zebrowski's «Rockland County Deficit Reduction Task Force» proposal, stating that «the task force would exist for a three - year period, and could extend its oversight by majority vote for two - year periods until the deficit bonds were paid off... The task force would have broad oversight and budget recommendation powers.

Though the law reducing fines was enacted last year, the revenue reduction projected by Ms. Mark - Viverito is not reflected in the administration's preliminary budget.

Due to the fact many services provided by the County of Erie, State of New York are fully or partially paid for by the federal government, on March 16, 2017 County Executive Mark Poloncarz ordered certain commissioners and heads of departments that rely on federal funding to review the Trump 2018 Budget Blueprint and provide a report on the expected impact of it on Erie County services, including, but not limited to, the identification of any programs impacted by the Trump 2018 Budget Blueprint (including the expected cut in funds received), possible reduction in direct county jobs as a result of any cut, impact on third parties that receive funds from Erie County that are received from the federal government, as well as any other known impact.

Last year, the nonpartisan Congressional Budget Office concluded that enacting medical malpractice reform would, on average, reduce malpractice insurance costs by 10 percent nationwide, and probably more in New York, resulting in a more than $ 300 million of overall reduction in health care spending in our state bBudget Office concluded that enacting medical malpractice reform would, on average, reduce malpractice insurance costs by 10 percent nationwide, and probably more in New York, resulting in a more than $ 300 million of overall reduction in health care spending in our state budgetbudget.

In his State of the State address this week, Malloy said, in order to balance the budget, there would need to be a reduction of the state workforce by more than 1,000 employees.

He ignored the recommendations of his own bipartisan deficit reduction commission, proposed a federal budget that was so political it was rejected 97 - 0 by the Senate, reneged on a deficit compromise last summer and went AWOL on the supercommittee deliberations.

Lawmakers in the next few weeks will consider a proposal to reverse a change to the STAR, or School Tax Reduction, program that was earlier rejected by the Legislature but ended up in the budget anyway.

Here's the full text of Cuomo's e-mail, which was forwarded by a reader (interestingly, it speaks in very general terms about the budget and «realigning» spending, but makes no mention of the deep education and health care cuts, which opponents say will lead to service reductions):

-LSB-...] Analysts warned that such a big reduction in tax revenue would leave a crater in the state's budget, but Brownback -LSB-...] promis [ed] that the cuts would more than pay for themselves by juicing the economy and creating jobs.»

We will fund a significant premium for disadvantaged pupils from outside the schools budget by reductions in spending elsewhere.

The report draws on government and trade statistics, academic evidence and economic theory to challenge arguments that the health and social benefits of reducing alcohol consumption are likely to come at a cost to the economy, finding: · Any reduction in employment and income resulting from lower spending on alcohol would be offset by spending on other goods · Econometric analysis of US states suggests that a 10 % decrease in alcohol consumption is associated with a 0.4 % increase in per capita income growth · Lower alcohol consumption could also reduce the economic costs of impaired workplace productivity, alcohol - related sickness, unemployment and premature death, which are estimated to cost the UK # 8 - 11 billion a year The analysis comes at a timely moment, with health groups urging the Chancellor to raise alcohol duty in next month's Budget.

In the 1990s, they cut the Army by 35,000, alongside deep cuts in the defence budget and reductions in military capability.

With a $ 348 million increase in taxes on health insurance already approved by lawmakers as part of the 2008 - 09 Deficit Reduction Plan (DRP), The Business Council strongly opposes an additional $ 481 million in health care and health insurance taxes that are proposed as part of the 2009 - 10 Executive Budget.

The proposed assembly and senate budgets move in the right direction by moderating some of the proposed spending reductions.

Also speaking at the climax of the squabble, deputy senate president, Ike Ekweremadu, called for the reduction of the budget by 30 percent.

As outlined above, we estimate that # 1.6 bn of the total estimated budget cut of # 1.9 bn facing the service could be met by the proposed workforce reduction.

The council can only meet the legal requirement to balance its budget by raiding # 3milion from its reserves while carrying out a raft of mid-year spending cuts, including cutting personal budgets for adult care users by a fifth and targeting high - cost adult care packages for reductions (appendices 4 and 5, pages 12 - 13).

White Plains, NY — The Republican members of the Westchester County Board of Legislators issued a report on 2011 County Budget announcing support for the 2 % property tax reduction, while citing reservations about the flawed and rushed budget process, and that they are prepared to support vetoes to the budget by the County Executive that will make it more fiscally responBudget announcing support for the 2 % property tax reduction, while citing reservations about the flawed and rushed budget process, and that they are prepared to support vetoes to the budget by the County Executive that will make it more fiscally responbudget process, and that they are prepared to support vetoes to the budget by the County Executive that will make it more fiscally responbudget by the County Executive that will make it more fiscally responsible.

Any failure on the part of Congress to enact mandated spending reductions or abide by new spending caps would trigger automatic across - the - board budget cuts.

Cuomo's budget director, Bob Megna, said today that the state plans to pay for any such tax reductions by keeping spending increases to within two percent — a self - imposed constraint that matches the property tax cap the governor applied to municipalities.

The reduction was achieved by eliminating a position, slashing the office supply budget line and reducing its rental costs, among other cuts.