Sentences with phrase «city budget deficits»

The report projects city budget deficits ballooning in the next two years at $ 16 million and $ 20 million, wiping out what is left of the city's $ 50 million fund balance.

There is no shortage of major problems on the horizon: a $ 2 billion city budget deficit, more than 100 municipal labor unions clamoring for raises, the need to maintain public safety while easing up on stop and frisk.

Not exact matches

But the city is also struggling with a budget deficit that may require firing hundreds of public employees to bring it under control.

Unlike the U.S. federal government, most states and cities have constitutions that prevent them from running budget deficits.

[187] In his annual budget address on October 13, 2010, Daley projected a deficit for 2010 of $ 655 million, the largest in city history.

POUGHKEEPSIE — An audit of the City of Poughkeepsie's books by the state comptroller's office has found that inaccurate budgeting has created an $ 11 million general fund deficit.

Miner's last budget proposal would have the city incur an $ 18.5 million deficit, according to a report from Syracuse.com.

In fiscal 2015, the first full budget year for the new mayor, the deficit was put at $ 1.7 billion, or 3.1 percent of expected city revenues of $ 72 billion.

Gov. David Paterson proposes a $ 5 billion deficit reduction plan to address this year's budget gap, including a $ 223.2 million cut to New York City schools.

Walsh's budget office was able to cut more than $ 3 million in projected spending, but the city will run an $ 11 million deficit by taking money from its «rainy day» fund.

Bloomberg said the city will face another budget deficit next year and residents should expect to see city agencies pared down.

House and Senate Republicans offered two different versions of no - tax - increase budget plans Tuesday that they insist can solve the state's projected two - year, $ 5 billion deficit without savage reductions in state aid to cities and towns and school funding.

Buffalo's fiscal watchdog says the city needs to get out of its longtime habit of taking money from reserves to close out budget deficits.

Paterson was especially furious last week after Bloomberg accused him of massively shortchanging the city while trying to close a $ 9.2 billion deficit in the state budget.

«As I mentioned before, we have a budget deficit of over $ 20 million next year and that is of great concern to me and I think a great concern to taxpayers here in the city and certainly to our employees and to get ourselves out of that hole we need to do a few things.

Finance Committee Chairwoman Kathleen Joy says the city can't continue to cut it's way out of yearly budget deficits, so lawmakers felt the time was right for this increase.

«I voted against the last three budgets for the city of Albany because they contained massive structural deficits, which are similar to the one we will face next year, which will be over $ 20 million and I would like to avoid having decisions where we take our most vulnerable citizens and punish them through the budget process.»

As budget season kicks off, officials expect the Syracuse City School District to have a deficit of $ 24 million next year.

Gov. Andrew Cuomo's proposed state budget increases New York City's deficit for the upcoming fiscal year by an estimated 58 %, creating an «immediate $ 1.4 billion gap» on top of an already existing shortfall of $ 2.4 billion, City Comptroller John Liu plans to tell Albany lawmakers in testimony Monday.

The mayor raised the issue of the $ 15.2 billion MTA capital budget deficit and the state's failure to abide by a 2007 settlement that promised additional education funds to the city — saying arguments about lean economic times no longer hold water.

In the past, the Syracuse City School District's budget deficit has been as high as $ 40 million, but this year it's $ 24 million, an official said.

The State Comptroller's Office advised the city last Friday that a 2014 budget deficit could lead to the return of a financial control board, which would assume oversight of the city's spending.

In the face of mounting budget deficits, the James Prendergast Library in Jamestown is planning to sell 19th - and 20th - century paintings and tapestries valued at as much as $ 1 million from its art collection through two New York City auction houses.

After releasing his $ 77.7 billion preliminary budget, NYC Mayor Bill de Blasio raised the issue of the $ 15.2 billion MTA capital budget deficit and the state's failure to abide by the 2007 CFE settlement that promised additional education funds to the city, saying arguments about lean economic times no longer hold water.

The city faces a $ 4 billion dollar budget deficit in the next fiscal year.

Joining Bloomberg in Albany today will be NYC Council Speaker Christine Quinn and NYC Comptroller John Liu, who according to the WSJ, will testify that Cuomo's budget will increase the city's deficit 58 percent, creating an «immediate» $ 1.4 billion hole on top of an existing shortfall of $ 2.4 billion.

Both Yonkers and Syracuse face large budget deficits, while the public debt of the city of Utica and Rockland County have been downgraded.

The measures were requested city officials and state lawmakers who represent the area as its school district seeks to plug yet another budget deficit.

According to an audit released today by state Comptroller Tom DiNapoli's office, «inaccurate budgeting» by the Hudson River city has left it with a $ 11 million general fund deficit and caused «severe» fiscal stress.

As foreshadowed by the Post, Mayor Bloomberg has called for the layoff of thousands of public employees, saying the city «simply can not afford the size of our current workforce» in the face of a mounting budget deficit.

While city finances have improved, the budget still has a structural deficit that requires one - shots to balance the books.

The 2016 budget includes a $ 12.1 million projected deficit, which will need to be covered by the city's reserve fund.

Speaking of the city's $ 39 million budget (devised by Sottile and approved by the Common Council), Gallo deplored the «unfortunate impact of a million - dollar deficit due to the prior administration's allocation from the city fund balance.»

PLATTSBURGH — Following months of budget negotiations, the city appears no closer to bridging the $ 1.6 million deficit.

The audit, released on Thursday, said that the city, after failing to account for a $ 1.3 million deficit, passed an unbalanced budget in 2010 that created a new $ 6 million cash deficit which was closed the following year with a 41 percent tax levy increase.

The budget predicts a $ 12.1 million deficit for the city, which will need to be paid from the city's reserves.

Bob Dougherty, a former Syracuse councilor, said city residents should keep an open mind about consolidation, because the city faces annual budget deficits of roughly $ 10 million to $ 20 million a year.

With the city's budget's in limbo, Albany Mayor Kathy Sheehan has launched a social media campaign to shore up a $ 12.5 million dollar deficit and find a permanent solution to end the annual funding crisis.

But an analysis by city Comptroller Scott Stringer, a Manhattan Democrat, determined that a component of the ACA factors heavily into the crippling $ 1.8 billion budget deficit projected for the public hospital system by 2020.

A deficit of more than $ 18 million currently exists in the proposed budget of the city of Syracuse.

The report suggested that Cuomo's shrinking city - school allowance is due directly to the state's yawning $ 4.4 billion budget deficit.

The city will face an $ 11 million budget deficit next year, compared to an initially expected $ 16.5 million deficit.

Because of his prescient attempts to stave off even worse budget deficits, Paterson is popular in New York City and with conservatives upstate.

The city was expected to run a $ 16.5 million deficit, but Walsh's budget puts next year's deficit at $ 11 million.

«They can take a look in the aggregate of the deficit spending budgets and how they plan to be able to sustain the fiscal health of the city,» Maroun said.

The city's budget office said Syracuse has been posting deficits for a number of years now.

The Syracuse City School District is facing a $ 24 million deficit in it's 2018 - 2019 budget.

The city is facing a multi-billion-dollar budget deficit that is only expected to grow worse as state aid shrinks.

Councilor Nader Maroun said he is not opposed to replacing vehicles for the police department, but he is concerned with how the city is going to continue paying for operations when it's projecting more than $ 16 million in a budget deficit and its fund balance is below $ 30 million.

«With revenues falling and a multi-billion dollar deficit looming, it's prudent to begin looking closely at the City's budget now,» she said in a statement.