Sentences with phrase «contingency budgets»

From fires and floods to recent snowstorms, extreme weather has eaten into many schools» campus maintenance budgets and contingency budgets too.

Getting voters to pass a budget is even more critical this year because in the past defeated school budgets could be replaced by contingency budgets that raised taxes.

School boards can imposed contingency budgets which raise taxes substantially without any voter approval at all.

The ones that didn't got a defeat but the taxpayers are still going to get taken for a ride in the contingency budgets.

Q: In the past, defeated school budgets could be replaced by contingency budgets that raised taxes even higher.

The contingency budget, adopted after school district voters turn down a big property tax increase, is undemocratic too.

A contingency budget should not be a zero increase in the tax levy; it should be set it at the cap and contain necessary exclusions (debt service, increases in pension costs, tax certiorari payments and costs due to enrollment increases, etc.);

If you want real democracy, then let's eliminate the contingency budget option entirely.

The district must go to a contingency budget if the budget is defeated a second time.

After a budget is voted down, school boards can schedule another vote on the statewide re-vote day, June 19, or the board can adopt a contingency budget that does not increase taxes.

In school districts where the budget failed to pass, a second vote may be held on June 15 or school boards may forgo a second vote and adopt a contingency budget.

It only increases the Legislature's relative power in the budget process by taking the Governor's appropriations bills off the table if they are not all acted on by the start of the state fiscal year and then giving the Legislature greater discretion in amending the «contingency budget» (that would take effect in such a situation) than it has in amending the appropriations bills submitted by the Governor in conjunction with his Executive Budget.

In other words, if the board proposes a contingency budget (which we did) and the voters reject it (which they did), the board nevertheless has the authority simply to impose it.

So back to the board it came, through a back - alley channel known as the «contingency budget law.»

The tax increase was soundly defeated, 1,249 to 424, but then the contingency budget clause reared its ugly head.

New York State law says that a local district may impose a «contingency» budget — allowing an increase commensurate with the previous year's Consumer Price Index (CPI)-- without voter approval; rather, if the board of ed proposes a contingency budget (which we have) and the voters reject it, the board has the power to simply impose it.

Will your contingency budget allow for that?

Since you have already ranked your priorities, you know which aspects can be let go if unexpected bathroom remodeling costs arise and your contingency budget doesn't cover them.

When it comes to the figuring out the cost to remodel a bathroom, it's always a good idea to establish a contingency budget.

By ranking your project's priorities, you'll know what items can be mixed if unexpected costs arise and your contingency budget doesn't cover everything, or if you decide to submit a change order because you discovered a stunning (and more costly) fixture that you just can't live without.

When it comes to the budget, it's always a good idea to establish a contingency budget.

Not exact matches

Whatever your budget is, there should always be at least a little bit extra to put into savings and to cover future contingencies.

Budget 2015 left very little margin for error when it came to balancing the books, with a projected surplus of $ 1.4 billion plus an additional $ 1.0 billion as a contingency reserve, giving the federal government a $ 2.4 billion margin for error.

The budget also requests $ 12 billion in so - called Overseas Contingency Operations, or OCO, funding for extraordinary costs, chiefly in war zones such as Afghanistan, Iraq and Syria.

Through a combination of $ 1 billion from the sale of GM shares, a $ 2 billion reduction in the contingency fund and $ 1.8 billion taken out of Employment Insurance (a holdover from Budget 2014), the federal government was able to turn a modest deficit into a $ 1.4 billion surplus.

«After more than a decade combatting violent extremists and conducting contingency operations in Afghanistan, Iraq, and most recently Syria, [the Defense Department] has prioritized the rebalancing of its forces in recent budget requests to build and sustain the capabilities necessary to prevail across a full range of potential contingencies,» states a Government Accountability Office report released in June.

Paul Boothe, a former senior public servant who now is a professor at the University of Western Ontario's Ivey Business School, chastised «amateur» deputy ministers for making a fuss over a contingency that amounts to a sliver of the total budget.

The Conservatives characterized Martin's contingencies as little more than slush funds, a smear that stuck because of the white lies at the heart of the budget.

The budget would also zero out the Overseas Contingency Operations (OCO) account and cap exempt nondefense spending, placing the defense funds in the base defense category and eliminating the nondefense OCO funds.

Along with spending and capital contingencies and the planned surplus, the budget had over $ 1 billion of what she characterized as «prudence» and others might call wiggle room.

Subsequently, a risk adjustment factor was included in various forms (economic prudence and a contingency reserve) in every budget until the first Conservative budget in 2006, at which time both the economic prudence and the contingency reserve were eliminated.

Taking into account recent private sector forecasts for economic growth for 2015, would, in fact, eliminate the $ 1.4 billion budget surplus, as well as the $ 1 billion Contingency Reserve.

Contingency reserves and economic prudence reserves were included in the budget forecasts to ensure that the deficit target would never be missed.

In the March 2017 Budget, a deficit of $ 25.5 billion was forecast for 2017 - 18, which included a Contingency Reserve of $ 3 billion.

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.

The Contingency Reserve is not included in the Budget on the assumption that it will repaid in full by the end of the year.

Any economic and fiscal update would have to take into account the worsening global economy, the decline in the price of oil (to below $ 40 a barrel) compared to the assumption in the budget, and the restoration of the contingency reserve to its normal level of $ 3 billion.

If the deficit was due to «extraordinary developments», the budget could be in balance the following year, especially if the government maintains its practice of including a risk adjustment factor or Contingency Reserve (normally $ 3 billion) in its budget projections.

Prior to 2006, budgets and budget updates explicitly presented the amount of the adjustment for risk (Contingency Reserve and Economic Prudence) as separate line items.

Finally, the budget allocates war spending, or Overseas Contingency Operations (OCO), at President Trump's request for FY 2018 ($ 77 billion).

The Conservatives eliminated the Contingency Reserve in its 2006 Budget.

In the budgets presented by the previous Liberal government, it was clearly stated that the Contingency Reserve was not to be used to finance new policy initiatives.

Third, because of the uncertain economic outlook, you are right to include a contingency reserve in your budget - planning forecast.

The PBO forecast, including a contingency reserve, shows a balanced budget in 2015 - 16, followed by deficits of $ 16.5 billion, $ 19.4 billion, $ 17.1 billion, and $ 14.2 billion in each of the following years.

Beginning with the 1995 Budget to the 2005 Budget, the Contingency Reserve was shown as a separate line item.

Over half of the better - than - expected outcome relative to the March 2016 Budget was attributable to the inclusion of a $ 6 billion Contingency Reserve, which was not required.

Future budgets and updates explicitly presented the amount of prudence as separate line items (Contingency Reserve and Economic Prudence).

However, the government has said it won't initially include a contingency plan that would automatically trigger extra budget savings if Greece misses savings targets in coming years.

Finally, the Government continues to remain silent on the use of the Contingency Reserve, in the event it is not required to offset some or all of the impact adverse economic developments or errors in translating the economic forecast into a budget forecast.

The budget plan contains an annual contingency reserve of $ 3 billion.