Sentences with phrase «dollar budget deficit in»

The city faces a $ 4 billion dollar budget deficit in the next fiscal year.

«When we look at $ 1 trillion dollar budget deficit in 2019, then each auction announcement is going to be somewhat incremental, adding and adding to the story,» said Ader.

Not exact matches

Martin would be left with billions of dollars in unallocated revenue at the end of each fiscal year, which was first used to narrow the budget deficit, and then went toward the debt.

Tuesday's budget showed the Liberal government is still predicting billions of dollars in annual deficits over the next six years.

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

Despite all the bashing China takes in Congress, it's big bad China that finances Washington's massive one trillion dollar plus budget deficit.

The White House budget director came to Capitol Hill on Tuesday to sell President Donald Trump's budget, but the administration's allies in the Senate preferred to talk about last year's tax cut rather than the trillion - dollar deficits contained in the new spending plan.

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.

'' 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.

What incentive do the Senate Republicans have to play ball during the upcoming budget talks, which all sides agree are going to be challenging due to a growing multibillion - dollar deficit, if the governor has already signaled whose side he'll be on in the rematch for control of the chamber next fall?

«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.

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.

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

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.

The Citizens Budget Commission, a nonprofit financial watchdog group, in a report last week, predicted that even with the planned fare increases, the MTA stands to post budget deficits in the hundreds of millions of dollars in the next several years without a new revenue stream to fund the subwayBudget Commission, a nonprofit financial watchdog group, in a report last week, predicted that even with the planned fare increases, the MTA stands to post budget deficits in the hundreds of millions of dollars in the next several years without a new revenue stream to fund the subwaybudget deficits in the hundreds of millions of dollars in the next several years without a new revenue stream to fund the subway plan.

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.

Senate leaders said the bill would restore nearly $ 434 million in GEA cuts in last year's state budget, reductions that were first instituted in 2010, when the state faced billion - dollar budget deficits.

The $ 1,017,752 in pay raises to 104 nonunion employees comes as Nassau struggles to plug a multimillion dollar budget deficit.

While the business community has called for a complete end to the millionaires tax, Cuomo said the state needs the billions of dollars in revenue the tax generates each year to fund programs and manage looming budget deficits.

The state faces a projected $ 1 billion dollar structural deficit in the new budget.

Gov. Andrew Cuomo is in Albany, where he will be delivering his executive budget at 1 p.m. at the State Museum — a proposal that is expected not to include a lot of good news news to a multibillion dollar deficit and funding cuts from Washington.

Even with New York facing a multibillion - dollar deficit, state legislative Democrats are calling on Gov. Andrew Cuomo to include a «fair and sustainable» revenue source for the cash - strapped MTA in his upcoming budget proposal.

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.

Cuomo says with a multi-billion dollar budget deficit, and uncertainties in funding from Washington, spending needs to be lower this year.

The Hempstead school board Monday night voted to seek the state comptroller's help in how to pay down a multimillion - dollar budget deficit, about $ 2 million of which officials said is tied to increased enrollment in local charter schools.

Governor Cuomo's second legislative session was far less dramatic than his first legislative session in 2011, when he convinced the legislature to authorize same sex marriage, instate a 2 % property tax cap, and close a massive $ 10 billion dollar budget deficit.

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.

«I don't support bonding a dollar for a bike, knowing we're in a budget deficit.

With the city's budget's in limbo, Albany Mayor Kathy Sheehan has launched a social media campaign to shore up a $ 12.5 million dollar deficit and find a permanent solution to end the annual funding crisis.

Lhota, the former MTA chairman who presided over the increase, blamed Patersona and legislative leaders in a recent GOP mayoral forum for the hike because they «took hundreds of millions of dollars» from the MTA to plug budget deficits.

The Hempstead school board voted to seek the state comptroller's help in how to pay down a multimillion - dollar budget deficit, about $ 2 million of which officials said is tied to increased enrollment in local charter schools.

ALBANY — Even with New York facing a multibillion - dollar deficit, state legislative Democrats are calling on Gov. Cuomo to include a «fair and sustainable» revenue source for the cash - strapped MTA in his upcoming budget proposal.

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.

«With revenues falling and a multi-billion dollar deficit looming, it's prudent to begin looking closely at the City's budget now,» she said in a statement.

Changes that Republican lawmakers made to Gov. Scott Walker's executive budget likely would result in a half - billion dollar deficit going into the next two - year spending plan, according to a new analysis.

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.

Monday was the first full day of session in the New York State legislature, and lawmakers have a lot to contend with, including a multibillion dollar budget deficit, as well as the beginning of an election year.

«The Council also continues to emphasize that, with multi-year, multi-billion (dollar) 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,» said Business Council President Heather Briccetti.

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.

He also reflects on the Governor's first year in office and talks about some of the challenges in the year ahead including a potential multi-billion dollar budget deficit.

He implemented his fiscally conservative agenda, including closing a gaping $ 10 billion dollar budget deficit without imposing any new taxes at the time, and getting the spending plan done on time, a rarity in Albany.

Front and center in the current legislative session will be the half - billion dollar deficit in the two - year, $ 41 billion budget Gov. Dannel P. Malloy signed only three months ago on Halloween.

When the Budget Control Act was signed into law in 2011, it first established an original spending cap baseline, along with a joint Congressional committee to come up with some kind of trillion - dollar grand bargain to further reduce deficits.

In response to years of falling enrollment and multimillion - dollar budget deficits, the Minneapolis school board has approved a downsizing plan that will close four schools and reduce busing within the district.

Second, school budgets are going to be flat (or falling) for the foreseeable future — and looming deficits in retirement and pension funds almost certainly mean that the take - home pay of practicing teachers will see no real - dollar growth and could well decline.

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.

Although no state funding has been allocated for the Capital Harbor Charter School in Bridgeport and the state of Connecticut is facing a $ 1.4 billion budget deficit in next year's state budget, Perry's New York application makes it clear that he is expecting Malloy to cough up millions of dollars so he can open his Bridgeport operation and collect his management fees.

Those fears crescendoed when the school board voted one month before the May 16 election to support State Bill 808, which would have allowed school districts to close or reject charter schools if they could be considered a financial burden to the district, which has yet to decrease its staffing levels despite declining enrollment and is facing billions of dollars in unfunded pension liabilities and projected budget deficits.