'' 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.
Not exact matches
But if that path is taken the actions
needed to reduce the one trillion
dollar budget deficit will become as much a yoke around its economy as the PIGS
deficits are on their economies.
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.
Cuomo says with a multi-billion
dollar budget deficit, and uncertainties in funding from Washington, spending
needs to be lower this 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.
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.
It was also a not - too - subtle suggestion that they
need to find a way for those Republicans who traditionally support research to demonstrate their support for the cause despite a trillion -
dollar budget deficit.
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.
California is facing a huge
budget deficit as it is, something like $ 35 billion, and a multibillion
dollar suit against CARB is the last thing the state
needs — especially one that the Renewable Fuels Association and Growth Energy are likely to win.