Sentences with phrase «city revenue by»

The budget also includes a hike in water rates of $ 1.95 per unit, which is projected to increase city revenue by $ 1.3 million.

Mayor Bill de Blasio revealed Thursday that the federal tax reform boosted city revenues by an unexpected $ 1 billion this year.

Not exact matches

In 2014, men owned 1.5 New York City businesses for every one owned by women, and male - owned companies made nearly 5 times more revenue, on average.

Though most states theoretically require consumers to track and pay sales tax on purchases even if the tax isn't collected by the vendor, that rule has gone largely unenforced, leading to billions in lost revenue for cities and states.

The course, built on a former trash dump, is owned by the city and operated by the Trump Organization under a 20 - year contract that gives most of the revenue to President Donald Trump's company, the Post said.

The Trump golf course that was built and subsidized by New York City saw as 12 percent decline in revenues in the past year, according to The Washington Post.

As tax revenues have shrunk, the city's financial obligations have grown — mainly to an ever - expanding pool of 30,000 retirees, promised life - time pensions and health benefits by short - sighted government officials over decades who consistently failed to fund those future obligations.

The Foster City, Calif. - based pharmaceutical company grew profits on its $ 24.9 billion in revenue by 318 % in 2014.

The New York City - based insurance company formerly known as ING, grew profits on its $ 11 billion in revenue by 289 % in 2014.

The city also has a fairly large high - growth company density at 191.4 — that's the number of companies out of 100,000 with annual revenues more than $ 2 million (and growing by 20 percent over a three - year period).

In December, the Los Angeles City Council voted to create a permanent revenue stream for its affordable housing program by slapping a fee on new homes and apartments.

The company, which was co-founded by Kalanick just four years ago, is doubling its revenue every four months, has hired 225 people in the past year, and now operates in 35 cities.

Yeah, they've been resolved by stripping Baltimore City of essential tax revenues so that whole areas of the city are desolate or abandoned and we look like a third - world country, with a Gold Coast and exclusive subuCity of essential tax revenues so that whole areas of the city are desolate or abandoned and we look like a third - world country, with a Gold Coast and exclusive subucity are desolate or abandoned and we look like a third - world country, with a Gold Coast and exclusive suburbs.

And companies can't take on more debt, nor can states and cities because they're being badly squeezed by falling tax revenues and rising pension plan shortfalls.

The city's finance department is looking into alternative payment methods like Apple Pay, PayPal and Bitcoin for the roughly $ 600 million in parking ticket revenue it collects annually by issuing up to 10 million tickets.

The population also will suffer indirectly, by lower federal revenue sharing with U.S. states and cities.

By the City's own estimates, this policy will take years to become revenue neutral and will only open up a handful of rental options, mostly for luxury properties.

Apollo Power (formerly SolarPaint) became active on the stock exchange just over two months ago, after completing the merger of its solar energy activity (which has yet to generate revenue) into stock market shell company Or City Holdings, formerly controlled by Inbal Or.

The Idea Village in New Orleans has sustained more than 1,000 jobs and $ 83 million in revenue by retaining and supporting the city's entrepreneurs.

The Peepul Capital - backed company aims to double its revenues to Rs 100 crore this fiscal as against around Rs 50 crore last year by entering newer geographies like tier - II cities and bringing on board new partners for their business to business (B2B) segment.

According to the latest quarterly Hotel Bulletin for Q1 2014, compiled by HVS, Zolfo Cooper and AM: PM, hotels in all 12 of the cities reviewed recorded a growth in RevPAR (revenue per available room) for the second consecutive quarter.

The Community Enhancement Fund, which was created and is supported by Measure H, a half - cent local sales tax measure approved by Rancho Cordova voters in November 2014, generates approximately $ 7.2 million annually in revenues for the city's general fund.

We're going to have to follow manchester united's lead and bring in revenue from marketing and fans worldwide by winning trophies otherwise the toy play things (chelsea, city) will continually be able to offer better wages and transfer fees.

(Under the current system, which stipulates that teams share equally in all national and international television revenue, there's a considerable disparity in local TV income, with large - market teams, such as the Los Angeles Lakers and the New York Knicks, receiving amounts that dwarf those earned by teams in smaller cities, such as the Utah Jazz and the Vancouver Grizzlies.)

The financial linchpin in those plans is the renovation of Burnham Harbor, the city's largest harbor, which is responsible for about one - third of the revenues generated by the district's harbor system.

The city paid about $ 8.3 million, to be funded by future gaming revenues, according to City Manager John Mezcity paid about $ 8.3 million, to be funded by future gaming revenues, according to City Manager John MezCity Manager John Mezera.

The bill, backed by IDC Leader Jeff Klein of the Bronx, would capture six percet of the city's sales tax revenue for a one - time revenue bump that would help make repairs to the subway.

At the same time, the number of jobs have not recovered to pre-recession levels, regulatory reform is being implemented at a sluggish pace and the state and city governments are increasingly relying on the revenue generated by Wall Street.

People point to the worrying figures about the numbers of journalists that have been laid off (with net newsroom employment down by more than 10,000 since 2007), the difficulties facing city and state newspapers, and to the dramatic decline of ad revenues.

By simply making the City's tolling system fairer — reducing tolls that are too high and adding and restoring tolls where traffic is worst and transit options are plentiful — we can generate the revenue we need to maintain, modernize, and expand our aging transit system and improve our road and bridge network, creating 30,000 + new, local, annually recurring jobs in the process.

Similarly, though New York City's contributions to the MTA are at historic lows, it won't do much good for the city to restore transit funding to its rightful levels if that just results in an equivalent MTA revenue sweep by the stCity's contributions to the MTA are at historic lows, it won't do much good for the city to restore transit funding to its rightful levels if that just results in an equivalent MTA revenue sweep by the stcity to restore transit funding to its rightful levels if that just results in an equivalent MTA revenue sweep by the state.

If the state were to divert those funds, the city would have to bridge the lost revenue either by making service cuts or taxing more heavily elsewhere.

The legislation introduced by state Sen. Jeff Klein would direct a portion of city sales tax revenue toward the $ 836 million plan.

As mayors prepared to make their case, the state School Boards Association released a survey that found work force costs in schools outside the state's major cities are on track to grow an average of more than $ 1 billion annually by the 2013 - 14 school year; revenues under a tax cap, however, would grow only $ 229 million per year through 2013 - 14, on average.

The bill, sponsored by state Sen. Jeff Klein, would direct a small portion of the city's sales tax revenue to pay for half of the transportation authority's $ 836 million, short - term plan to improve subway service.

By restoring state revenue sharing to former levels to pay for unfunded state mandates, which are driving many cities, towns, and counties toward bankruptcy, New York's local governments could fully fund their services and still cut their highest - in - the - nation property taxes.

According to the report, the city has a general fund of $ 93 million, supported primarily by $ 33 million in property taxes, $ 21 million in sales tax, and $ 11 million in casino revenue.

Move NY says that by implementing its plan, the city could generate $ 1 billion in revenue to fund not only subway repairs, but other improvements like better bus service and lower - priced MetroCards for poor households.

Governing conducted the first national analysis of how city revenues might be affected by autonomous vehicles.

The MTA failed to collect nearly half of the all the fines it should have between 2013 and 2015 — costing the city more than $ 13 million in revenue, a new audit by state Comptroller Tom DiNapoli has found.

To a large extent, state fiscal policies have caused great pressure on property taxes in needy cities, counties and school districts, including decisions: to reduce revenue sharing; to decrease the share of local school budgets covered by state aid, to divide the non-federal share of Medicaid costs without considering ability to pay, and to allocate STAR benefits... (read more)

One third of Atlantic City's casinos, including one run by Donald Trump, have announced plans to close, and Moody's investor rating services has downgraded the casino industry from stable to negative citing «declines in comparable monthly gaming revenue.»

Part of this is due to collapsing overall tax revenues, which had been buoyed up in previous years by huge amounts of tax paid by financial services in the City.

Illicit marijuana sales in New York are estimated at $ 3 billion, and an official study by City Comptroller Scott Stringer in 2013 found that potential tax revenue for the state would likely exceed $ 400 million, if an adult - use marijuana market was legalized in New York City.

«According to a report compiled by Senator Klein and I, the City of Mount Vernon has suffered significant depreciation in property value, as well as a loss of much needed tax revenue due to the prevalence of zombie, foreclosed or abandoned properties in the cCity of Mount Vernon has suffered significant depreciation in property value, as well as a loss of much needed tax revenue due to the prevalence of zombie, foreclosed or abandoned properties in the citycity.

The mayoral hopeful and other City Council members announced legislation that would cut fines issued to restaurant owners under the Health Department's restaurant grading system by about 15 percent, reducing the revenue the city receives in the name of protecting small businesCity Council members announced legislation that would cut fines issued to restaurant owners under the Health Department's restaurant grading system by about 15 percent, reducing the revenue the city receives in the name of protecting small businescity receives in the name of protecting small businesses.

«First, Governor Cuomo must use a portion of the new revenue to help implement comprehensive congestion pricing, by constructing cordon infrastructure and addressing needs in transit deserts around the city.

«The increased allocation of funding by the city council, albeit, well intended, is inappropriate, misplaced and does not help with stabilizing our tax base,» the mayor said on Monday, noting over the last four years, over $ 4 million in tax revenue and over 200 properties are in arrears.

While the city's bond rating was downgraded to A +, the third - highest grade issued by S&P Global Ratings, last year, the agency improved the city's outlook to «stable» due to the city increasing non-property tax revenues, decreasing discretionary spending and securing $ 12.5 million from the state that wasn't an advance on payments the state owes the city for the Empire State Plaza.

Despite such cuts, Miner's budget spends $ 18 million more than the city will receive in revenues, a gap that will be filled by using up 30 percent of the city's $ 61 million rainy day fund.