Sentences with phrase «deficit in the state budget»

Along with $ 2.5 billion in Medicaid and agency cuts, the tax would help fill a $ 3.5 billion projected deficit in the state budget, caused by falling income tax revenue.

Paterson was especially furious last week after Bloomberg accused him of massively shortchanging the city while trying to close a $ 9.2 billion deficit in the state budget.

«I think it's pretty darn good in light of the fact we had to solve a $ 4.4 billion deficit in the state budget,» said state Sen. Cathy Young (R - Olean).

With two weeks to go until Christmas, it remains uncertain whether Connecticut lawmakers will be back in Hartford before the end of the year to fix a looming deficit in the state budget they passed in October.

With this reality looming over the heads of legislators, who were already looking at a projected $ 6 billion deficit in the state budget, it becomes easier to understand why a costly settlement with the city has been so elusive.

But that optimism faded when Schwarzenegger, confronting a growing deficit in the state budget, shelved most of the far - reaching recommendations that his own commission sent his way.

All of this while the district faces an approximate $ 12 million deficit in the state budget.

Not exact matches

The economy is really being supported — this isn't just in the United States, it's in Japan, the ECB and Britain — the economy is being supported by quantitative easing that is allowing for a massive budget deficit and money printing exercises to go on... As you address the fiscal problems, you are going to have weak economic growth.

Chafee has a mixed economic record in Rhode Island, raising its sales tax to reduce its budget deficit, and decreasing the state's corporate tax rate to seven percent from nine percent.

He also sits on the Board of Directors, and in May 2015 he made a donation of $ 133,000 to the foundation to make up for funding it had lost as a part of the austerity measures put in place by Governor Bruce Rauner to address the state's $ 1.5 billion budget deficit.

Eliminating the state and local tax deduction would raise about one - quarter of the $ 4 trillion in revenues that some Republicans say they need to prevent tax cuts from creating a massive increase in the federal budget deficit.

If current laws remained generally unchanged, the United States would face steadily increasing federal budget deficits and debt over the next 30 years — reaching the highest level of debt relative to GDP ever experienced in this country.

What was not stressed was that the main source of global inflation was the United States, whose war in Southeast Asia had created a budget deficit and forced the world off gold.

The Parliamentary Budget Officer, in his latest Economic and Fiscal Update, stated that the deficit outcome for 2013 - 14 could be as low as $ 11.6 billion.

In your analysis you reject concerns about the macroeconomic impact of budget deficits because, you argue, the United States will be able to attract capital from the global capital market.

However, in August 2011 the long - term sovereign credit rating on the United States of America was downgraded to AA + from AAA by the Standard & Poor's ratings agency, reflecting increasing concerns about the U.S. budget deficit and its future trajectory.

But they used massive tax hikes to do it — a 32 % increase in state income taxes and 33 % increase in state corporate taxes — and still Illinois» new budget generates only $ 5 billion, not nearly enough to cover its $ 15 billion deficit.

Hungary's budget deficit was 1.73 trillion forint in 2011, 252 percent of the government's initial year - end target, after the government assumed debt from counties and the state railway company in December, the Economy Ministry said in an e-mailed statement today.

Chapman expects it will develop into a prolonged recession caused largely by the bursting of the housing bubble and the weakness in the dollar attributable to the United States» large federal budget deficit and international trade imbalance.

♦ Richard Vigilante is writing in National Review about the changing forms of liberalism and conservatism, and the last line makes this one worth citing: «The future of conservatism seems to lie in a concern for the state not of the deficit, or of the defense budget, but of the culture.»

If that law is overturned, it may set the precedent for other states to legalize betting in their own state — an appealing option to the many states running a budget deficit.

The strike reflects the dire state of school finances in Illinois, where an estimated 8 of 10 school districts face budget deficits this year.

'' The next two years will provide no shortage of challenges for our Conference, its partners in government and all New Yorkers: A multi-billion dollar budget deficit needing closure, a government that is still too big and spends too much, chronic unemployment, some of the nation's highest taxes and a continued lack of public confidence in state government,» Kolb said.

Maggie is committed to cutting the deficit and balancing the federal budget,» says Sandra B. Mortham, Chairman of Maggie's List and former Florida Secretary of State in a statement.

In Albany this week, legislative leaders declined to take action to close the state's current $ 315 million budget deficit.

When Governor Cuomo faced a $ 10 billion budget deficit upon taking office in 2011, he pushed an austerity budget of cuts and caps to spending, taxes, and state workers, claiming, «I am a progressive who's broke.»

He also referenced his time in the Assembly where he worked with both sides of the political aisle and pushed proposals that led to real balanced budgets — including the first reduction in state spending in decades while closing a $ 5 billion deficit.

DeFrancisco said the state's $ 4.4 billion projected deficit, combined with potential effects of the federal tax overhaul on New York, will make the next state budget the most difficult one in at least seven years.

Faso has a long record of cutting taxes and closing budget deficits that go back to his tenure as Minority Leader in the Assembly, where he developed and pushed proposals that led to real balanced budgets — including the first reduction in state spending in decades while closing a $ 5 billion deficit.

In 2010 - 2011, the state, facing a massive budget deficit, began cutting aid in amounts that eventually totaled $ 2.7 billion from districts across the statIn 2010 - 2011, the state, facing a massive budget deficit, began cutting aid in amounts that eventually totaled $ 2.7 billion from districts across the statin amounts that eventually totaled $ 2.7 billion from districts across the state.

Gov. David Paterson last Thursday proposed $ 5 billion in cuts over the next two years to fill a growing state budget deficit, and the plan makes deep reductions in funding to education, health care and state agencies.

Another question raised was whether the state's budget deficit and the need to close it might slow down New York's investments in Western New York's economic redevelopment.

As a member of the New York Assembly, Faso developed and pushed proposals that led to real balanced budgets — including the first reduction in state spending in decades while closing a $ 5 billion deficit.

Anger is not a governing strategy, Bloomberg told reporters, as he strongly endorsed Cuomo as the right man to lead the state and grapple with its massive structural problems, legislative gridlock, gaping Medicaid costs and a yawning budget deficit in the double - digit billions.

John Faso worked with both sides of the political aisle and pushed proposals that led to real balanced budgets — including the first reduction in state spending in decades while closing a $ 5 billion deficit.

«I'm running for the state senate to take on the rampant corruption in Albany and the fiscal mismanagement that has produced a multi-billion dollar budget deficit and the highest taxes in the nation,» Schorr said.

Despite the mutual State of the State boycott between Cuomo and state lawmakers, they will all have to work together eventually on issues like passing the budget, which is expected to have a deficit, and perhaps implementing new laws — to make college tuition free for more students, and allowing ride - sharing services like Uber and Lyft in more places in New State of the State boycott between Cuomo and state lawmakers, they will all have to work together eventually on issues like passing the budget, which is expected to have a deficit, and perhaps implementing new laws — to make college tuition free for more students, and allowing ride - sharing services like Uber and Lyft in more places in New State boycott between Cuomo and state lawmakers, they will all have to work together eventually on issues like passing the budget, which is expected to have a deficit, and perhaps implementing new laws — to make college tuition free for more students, and allowing ride - sharing services like Uber and Lyft in more places in New state lawmakers, they will all have to work together eventually on issues like passing the budget, which is expected to have a deficit, and perhaps implementing new laws — to make college tuition free for more students, and allowing ride - sharing services like Uber and Lyft in more places in New York.

Citing reports that the state budget deficit could balloon to more than $ 2 billion in coming years, Cox said, «You've got to cut the budget or raise taxes.»

Major issues in the 2013 legislative session included addressing education, energy, domestic violence, jobs, strengthening the state's economy, and a new two - year budget that's facing a $ 128 million deficit.

Monday was the first full day of session in the New York State legislature, and lawmakers have a lot to contend with, including a multi billion dollar budget deficit.

While serving in New York state government, John Faso helped draft a new state budget that sought to close a $ 5 billion deficit while also cutting taxes.

Major issues in the 2013 legislative session included the state's budget deficit, education funding, state pensions, and abortion.

The state's mid year budget report, released in mid November, showed a growing combined budget deficit of $ 3.8 billion dollars.

With Connecticut now the only state without an approved budget and municipalities increasingly angry over reduced aid and a $ 3.5 billion deficit that hasn't disappeared, Doyle and other swing Democrats may now face even tougher choices in coming days.

He's already attempting to raise $ 1 billion in new revenues to help bridge a $ 4.4 billion budget deficit in negotiations with state legislators.

As Cuomo did in his address, Hochul stressed that New York faces budget challenges in 2018, due to a $ 4 billion state deficit, and as much as $ 2 billion of cuts to federal aid.

Being frugal in the Assembly helped him eliminate a 5 billion dollar deficit, and write the first budget in over 50 - years that cut state spending.

House and Senate Republicans offered two different versions of no - tax - increase budget plans Tuesday that they insist can solve the state's projected two - year, $ 5 billion deficit without savage reductions in state aid to cities and towns and school funding.

«Another increase in spending in the middle of a $ 10 billion budget deficit, kicking the can down the road, reckless borrowing, more taxes, and more jobs, unfortunately, that are going to be destroyed and more businesses and people that will leave this state.»

The Council also continues to emphasize that, with multi-year, multi-billion budget deficits, New York needs to more fully examine its spending practices, especially in major programs such as Medicaid and education, and determine why are our costs are so much higher than other states without the results to match.»