Sentences with phrase «dollar budget deficit by»

He says without changes in rules regarding pension payouts, union contracts and other issues, counties face a $ 4.2 billion dollar budget deficit by 2020.

Not exact matches

Under the Senate's «budget reconciliation» rules, the tax legislation can increase the federal deficit by $ 1.5 trillion over the next 10 years — and not a dollar more.

Historical evidence suggests, an increase in the budget deficit tends to boost overall activity by the same amount (in dollar terms).

This question was raised in Russia in 1996 - 98, when IMF and U.S. advisors argued that it would be inflationary to pay wage arrears to workers unless the budget deficit were financed by borrowing an equivalent volume of dollars.

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.

Permanent annual trillion - dollar deficits will now return next year and top $ 2 trillion by 2027 if both this budget deal and the tax law are made permanent, which is what Congress intends.

He turned Massachusetts» budget from red to black while governor by turning a three Billion dollar deficit into a 2.16 billion dollar surplus.

The proposal, unveiled by Governor Andrew Cuomo earlier this month, transforms the state budget process to conform to fiscal realities and eliminates a $ 10 billion dollar deficit without raising taxes or borrowing.

The Connecticut budget that was passed in October is headed for a $ 208 million dollar deficit by the end of the 2018 fiscal year.

Senate Finance Committee Chair Cathy Young says even though there's a multi-billion dollar budget deficit, and that «budget circumstances may be tough,» she says the GOP will resist any potential efforts by Democrats to roll back the middle class tax cuts that are to be phased in over the next several years.

Speaking of the city's $ 39 million budget (devised by Sottile and approved by the Common Council), Gallo deplored the «unfortunate impact of a million - dollar deficit due to the prior administration's allocation from the city fund balance.»

The GEA was first passed by the New York State Legislature in 2010, when the state faced billion - dollar budget deficits because of the recession.

The budget builds on the Governor's record of fiscal responsibility by closing a multi-billion dollar deficit with no new taxes, fees or gimmicks.

Revenues from the ongoing Wall Street rally will be a «bright spot» heading into potentially difficult state budget talks complicated by the federal tax overhaul, but New York government leaders shouldn't count on stock market gains to cover a deficit projected to be in the billions of dollars, the state's top fiscal officer said Tuesday.

â $ œThis is an honest, straightforward budget that puts New York state back on track by closing a multibillion - dollar deficit with no new -LSB-...]

Senate Finance Committee Chair Cathy Young says even though there's a multi-billion dollar budget deficit, and that «budget circumstances may be tough,» the GOP will resist any potential efforts by Democrats to roll back the middle class tax cuts that are to be phased in over the next several years.

Earlier this week County Executive Ed Day confronted reality and bit the metaphorical budget bullet by facing up to the fact that the County owed millions of dollars, was running a multi-million dollar deficit, had overtaxed homeowners, and had police services that the County could not afford and did not need.

Having failed to right the ship of state, Malloy engaged in a desperate attempt to save his political career by telling Connecticut's voters that there was no state budget deficit this year and that he would eliminate the $ 1.4 billion dollar projected budget shortfall for this coming year without having to raise taxes, cut services or seek concessions from the state employee unions.

The details were daunting: the budget deficit was projected to reach nearly half a billion dollars in three years; a district audit showed LA Unified debt outstripped assets by $ 4.2 billion; unfunded pensions topped $ 13 billion and have more than doubled since 2005; per - pupil funding had doubled but the district still faces financial crisis; and plans for a turnaround included boosting enrollment but not cutting staff.

The primary culprit was a long - accumulating budget deficit (totaling $ 1.35 billion), brought on by bureaucratic bloat, inefficiency, and declining school enrollment — which saw more than a quarter of school seats empty and left the district with badly underused buildings in need of millions of dollars in repairs.

We also put in a whole series of financial controls at the same time: if we're going to run a deficit budget, it must be approved by the membership; if we're going to make major expenditures beyond half a million dollars and the finance committee and the board don't agree, that has to go to the membership.