Sentences with phrase «cover budget gaps»

Some, like Riverhead Town, have been burning through their reserves to cover budget gaps.

But the school boards association also notes that 99 percent of the districts had to tap into their reserve funds, rainy day funds, in order to cover budget gaps.

Syracuse Mayor Ben Walsh's first proposed budget asks lawmakers to use $ 11 million from the city's savings account to cover a budget gap.

Not exact matches

With the state budget now 27 days late, Gov. David Paterson today pleaded with the Legislature to pretty please give an up - or - down passage to his proposal — enhanced with an additional $ 620 million worth of cuts and revenue to cover a deficit gap that has opened since his Feb. 9 budget amendments.

Last December, Albany swiped $ 143 million in MTA funding — most of which came from dedicated transit taxes — to cover the state's budget gap.

The budget proposal increases school aid by $ 991 million in the coming fiscal year; it would channel that increase through several formulas but does not completely cover the Gap Elimination Adjustment, whose demise is a major priority of Republicans in the State Senate.

Albany has long used the MTA as a piggy bank, raiding dedicated transit funds on a regular basis to cover gaps in the state budget.

In April, it was announced that the school cut the position of Martha Kennelly, a 21 - year veteran teacher, in order to cover a $ 160,000 gap in the budget.

The overdue debate on covering the $ 10 billion gap should begin to get serious in January, when Cuomo is promising to spell out, as part of his annual budget proposal, exactly how he intends to raise the $ 8.3 billion.

Topics in the Q&A included the source of money for the City's planned pre-K advertising campaign, the City's target number of pre-K applicants, whether Speaker Silver thinks the proposed income tax surcharge should be pursued next year, how the pre-K selection process will work, how the City will cover the approximately $ 40 million annual gap between the estimated cost of pre-K and the amount provided in the state budget, when parents will learn whether their pre-K application has been accepted, how the City will collect data and measure success of the pre-K program, whether the existing pre-K application process will be changed, how the City will use money from the anticipated school bond issue, the mayor's reaction to a 2nd Circuit ruling that City may bar religious groups from renting after - hours space in public schools, the status on a proposed restaurant in Union Square, a tax break included in the state budget that provides millions of dollars to a Bronx condominium project, the «shop & frisk» meeting today between the Rev. Al Sharpton and Police Commissioner Bratton and a pending HPD case against a Brooklyn landlord.

The report goes on to explain that the new budget uses borrowing, one - time revenues, and fund transfers to close budget deficits and cover operating expenses and reports that, «By relying on these measures, rather than recurring revenues to close the state's budget gap... state policymakers have opened up a larger revenue hole in future budget years.»

School officials said on Thursday the revised budget would close a $ 269 million gap with help from $ 130 million from a local tax increase that will cover some of the steadily increasing contributions CPS owes to its teacher pension fund.

New Orleans College Prep, the charter school that manages Walter L. Cohen High School, may have to dip into its reserves to cover a $ 300,000 gap between expenses and revenues in its $ 11.2 million budget for the coming year, if fundraisers and donations can not fill the shortfall, according to a report by Yomi Akinyemi for The Lens.

In the first scenario, if Jackie works part time and earns $ 30,000 a year, half what she earned before — that's what we've assumed in their household budget, at left — the Moreaus will have a $ 9,200 gap between their net income and what they will need to cover expenses.

While such loans feature shorter terms, typically not exceeding several weeks, and higher interest rates, they may be of great help to borrowers looking to cover some gaps in their budgets.

But if after drawing up a retirement budget you find that Social Security plus any pension income falls short of covering essentials, you may want to consider filling that gap by converting a portion of your savings to guaranteed lifetime income via an annuity.

(It considered rolling back that expansion in 2017 to cover state budget gaps, but successfully funded the program through a new voter - approved tax on hospitals and health insurers.)