Sentences with phrase «dollar deficit»

That is one of the reasons why some voucher programs have resulted in multi-million dollar deficits and tax increases.

While the measures previously listed have all contributed to reducing a billion dollar deficit by half, more cuts alone will not eliminate the funding gap.

Yet failure to do so is exactly why we face the prospect of trillion - dollar deficits next year and trillion - dollar interest costs within a decade.

With this deal plus the recent tax reform, we're looking at a potential return to trillion - dollar deficits next year.

«The proposals contained in our 2018 agenda can help New York address its multi-billion dollar deficit without adding to taxpayers» burden.

Governor Cuomo unveils his 2011 - 2012 Executive Budget that transforms the state budget process to conform to fiscal realities and eliminates a $ 10 billion dollar deficit without raising taxes or borrowing.

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.

Chicago and New York City, for example, have multi-million dollar deficits in food services, attributable to escalating costs and money owed from families who have not kept up with either their full or reduced - priced payments.

At the same time that he turned a three Billion dollar deficit into a 2.16 billion dollar surplus he also cut taxes 19 times.

If the U.S. economy now collapses further, after the herculean one - trillion dollar deficit spending of President Barack Obama, the cause will not have been lack of state action, but death by state action.

California famously faced a $ 26 billion shortfall, but many other states, including Ohio and Illinois, confronted multibillion - dollar deficits as well.

«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.

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.

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.»

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.

This proved to be only a 3 billion dollar deficit federally, and he closed it by raising taxes in part, by extending the surcharge, etcetera.

Horner, a long time advocate for reform of state government, says the billion dollar deficits facing the state present an opportunity to re-organize state government.

The Jordan District is the 4th largest in the state and it has struggled financially, once having a $ 20 million dollar deficit after the Canyons District split away in 2009, according to Jordan Board of Education President Janice Voorhies.

In the end, we hope to be as effective as we were in 2012 in working with the state to close the Board of Education's multimillion dollar deficit.»

The law, which reduces the amount of state aid received by school districts, was first imposed in the 2010 to help close New York State's multi-billion dollar deficit by taking funding away from schools.

«It's a fact that New York has been upgraded by all three major credit rating agencies because of this administration's success in putting our fiscal house in order, closing multi-billion dollar deficits, and passing on - time budgets that kept spending under 2 percent,» he said in a statement.

«I proposed a new budget that closes a 10 billion dollar deficit with no new taxes; that's right with no new taxes and it forces government to cut the waste and inefficiency.»

2010 will be very difficult for the county's finances, and next year's budget will be even more challenging, with a looming multi-million dollar deficit, and if we do not take all action possible to address these budgetary problems, their impact will be forced upon the taxpayers of Westchester County, something this caucus will not support.»

The reasons for those higher rates involve everything from extraordinary fiscal stimulus via trillion dollar deficit spending, significant changes to the tax structure, an increase in Treasury bond supply, central bank quantitative tightening (QT), a decrease in Treasury bond demand from other countries as well as inflationary pressures.

The Thruway has a multimillion dollar deficit in the upcoming years, partly due to the construction of the new Tappan Zee Bridge.

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 Thruway has a multimillion dollar deficit in the upcoming years, partly due to the construction of the new Tappan Zee Bridge, and some lawmakers have speculated that toll hikes could be on the table, although a spokesman for the Thruway says toll increases will not be part of the 2015 budget.

That matters at a time when the country is running trillion dollar deficits.

In dismissing projected trillion - dollar deficits, National Economic Council director Larry Kudlow recently claimed that one should «never believe the...

Deficits totaled $ 587 billion in 2016, and CBO projects trillion - dollar deficits will return by 2023.

when the typical DC pundit bemoans the trillion dollar deficits we're now looking at in coming years.

Trillion - dollar deficits are projected to return by 2022, and the debt is projected to reach 91 percent of GDP by 2027.

Under current law, trillion - dollar deficits will return soon and debt will be on course to exceed the size of the economy.

, right, and Senate Minority Leader Chuck Schumer (D - N.Y.) walk to the Senate floor from McConnell's office on Capitol Hill as Congress passes a two - year budget deal with trillion - dollar deficits.

Including interest, this bill will add $ 1.7 trillion to the federal debt over 10 years, and the Treasury will run a trillion - dollar deficit every year going forward.

Also in the hard - to - believe category is Alaska's plan to institute an income tax for the first time in 35 years to «close a $ 3.5 billion dollar deficit the state is carrying,» according to Zero Hedge.

This means that the 6.1 billion dollars deficit has to be grappled with whether the government likes it or not.

And as a result, trillion - dollar deficits will most likely return next year.

It's one thing to have trillion - dollar deficits during a deep recession, but to create permanent trillion - dollar deficits projected during a time of economic expansion is the definition of irresponsibility.

At the time he spoke the new US Federal Budget hadn't been agreed on, and with a US$ 1 trillion dollar deficit to finance, the warnings he delivered are more relevant than ever.

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.

And if such an attitude sounds unthinkable politically, let me ask this question: Â how many commentators would have predicted two years ago that a Stephen Harper minority government would be able to have a $ 56 - billion - dollar deficit and still maintain a comfortable lead in the polls?

The FY 2017 budget resolution demanded only a paltry $ 2 billion of deficit reduction over an entire decade; that's just $ 200 million per year when we are facing looming trillion - dollar deficits.

Obama is the first President to have 2 consecutive TRILLION dollar deficits.

And that tiny tax cut isn't worth trillion dollar deficits.