But at what
cost to the public treasury, and at what burden to the local taxpayer?
While the additional jobs are a boost for the local economy,
their cost to the public treasury has not yet been calculated — or at least disclosed.
Not exact matches
Last year, Ontario imposed a contract on
public - school teachers that eliminated bankable sick days, while back in June,
Treasury Board president Tony Clement vowed
to fight federal employee absenteeism, which he said was
costing taxpayers millions.
Even so, as long as the yield on the preferred is higher than the
Treasury's funding
costs, the favorable terms will represent an insufficient risk premium but not a loss
to the
public.
Deplore as we may the existence of the parochial school, its challenge
to the separation of church and state, and its attempted inroads on the
public treasury, the fact remains that parochial schools exist primarily because Catholic parents, who pay their
public - school taxes, think it worth while
to submit
to additional
cost and often
to much inconvenience
to see
to it that their children receive the religious instruction denied them in the
public schools.
Rather than a big bang, however, it is going
to be a slower transition, as there will be no
public money
to pay the growers
to pull out their vines — a process
costing about $ 3000 a hectare — and will only happen as large producers such as
Treasury Wine Estates, Accolade Wines and Pernod Ricard buy fewer grapes, he said.
But the IEA's new priorities — aggressively paying down
public debt, cutting taxes on the better - off, leaving the EU, relaxing planning laws
to promote housebuilding, paving over the railways and tackling the «
cost of living crisis» through lower excise duties — can expect a more lukewarm response from the re-installed
treasury team.
At every turn — the Government publication of a
public information leaflet, the launch of
Treasury data on the
cost of Brexit, the need
to register a website, all appear
to catch the Brexit team off guard.
Space limits an extended discussion here, but we note two conclusions from a 2012 article by Economic Policy Institute researcher Monique Morrissey, who explains that «the logical implication of Richwine and Biggs's [pension] position is that
public employers and taxpayers would be indifferent between current pension funding practices and investing in
Treasury securities, even though this would triple the
cost of pension benefits» and that R & B «selectively alternate between the
cost of benefits
to employers and the value
to workers, and inappropriately equate the latter with the often much higher
cost to individuals of obtaining equivalent benefits.»
It does so by estimating the number of students who would migrate from
public to independent schools as a result of lower effective tuition
costs, and then calculating the impact that such migration would have on both districts and the state
treasury.
The downgrade could add up
to 0.7 of a percentage point
to Treasuries» yields over time, increasing funding
costs for
public debt by some $ 100 billion, according
to SIFMA, a U.S. securities industry trade group.
Further, the
Treasury Department projects that between 2018 and 2026, the cumulative
cost of the deduction will be slightly less than $ 20 billion, roughly comparable
to that of the
Public Service Loan Forgiveness Program, which provides loan forgiveness after 10 years for borrowers working in public service and was targeted for elimination in President Donald Trump's proposed b
Public Service Loan Forgiveness Program, which provides loan forgiveness after 10 years for borrowers working in
public service and was targeted for elimination in President Donald Trump's proposed b
public service and was targeted for elimination in President Donald Trump's proposed budget.
Treasury Board President Tony Clement, who has sparked a war with
public sector unions in his quest
to cut
costs, has outlined proposed changes
to sick leave policy, which would include five
to seven sick days a year, a short - term disability leave of a week
to six months and long - term leave for more than six months.
The changes would also
cost about $ 260 million a year from the
public treasury to help offset the additional financial burden that expansion would eventually place on low - income earners.
Part of a larger bill called the National Defense Authorization Act (NDAA), the Modernizing Government Technology Act (MGT) will allow the
public sector
to redirect
cost savings (which normally must be returned
to the
Treasury Department) into internal working capital funds that can be used
to upgrade their IT systems.