Sentences with phrase «cover operating deficits»
Cooper Union uses its $ 600 million endowment to cover operating deficits.
https://www.nytimes.com/
These funds are in a special restricted fund and will cover the operating deficit of approximately $ 1,808,698 through the end of 2012.
Not exact matches
Biznik is operating at a deficit — revenue from membership and advertising is not covering the slimmest fixed expenses.
The patriarch would annually cover any deficit in operating the church.
Public financial support is needed annually to cover our structural operating deficit.
Cuomo's budget division says it will cover most of the $ 3.5 billion deficit with unspecified cuts (and some accounting gimmicks, no doubt, like re-classifying certain spending programs) that hold operating spending growth to 2 percent.
«The temptation for Cuomo will be to use state - budget surpluses to avoid the problem for a couple of more years — that is, give them a few hundred million dollars a year out of the state budget to cover the operating budget deficits that will get bigger as the M.T.A. devotes more money to debt service,» she emailed.
But the institute has operated in the red for years, and has been forced to cover its deficit by drawing down its endowment, which shrunk from $ 430 million in fiscal year 2012 to $ 397 million in fiscal year 2014.
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.»
Lembo's $ 172.8 million deficit projection falls just short of 1 percent of this year's general fund, which covers the bulk of state government's annual operating costs.
According to Mr. Michaelson, all of that was held in cash and used over the next few years to cover the school's mounting operating deficits.