Sentences with phrase «dollar shortfall in»

For example, a teacher in Iowa, a state with strong fiscal health and a substantial surplus, recently discovered that her pension contributions were recently raised to cover a multi-billion dollar shortfall in the state's teacher pension fund.

Now Chicago schools are carrying the burden of a $ 1.1 billion budget shortfall — in addition to a multibillion - dollar shortfall in the pension fund.

Not exact matches

State pension funds, facing a potential multitrillion - dollar shortfall, find themselves in the center of a four - way battle: Employees and retirees expect to be paid their promised benefits; the pension systems have clear obligations but may not have the resources to pay them; politicians are looking for ways to resolve the underfunding and balance the burden among retirees and workers; and state taxpayers, challenged to provide for their own retirements, resent the additional tax load.

«Twenty - five billion dollars is about 0.2 % of annualized consumer spending, so this shortfall in refunds could have slowed consumer spending over time,» wrote Silver.

Monthly rents in Boston and Los Angeles could jump by even larger amounts in dollar terms — albeit from a higher starting point — reflecting a shortfall in rental housing construction.

For instance, during the recent stimulus bill, Billions of dollars in federal tax dollars were diverted to states to cover budget shortfalls, which had the indirect effect of preventing municipalities from declaring bankruptcy.

The comptroller's office also found NYPA, which takes in $ 2.8 billion in annual revenue, has given the state more than a billion dollars over the past decade to make up budget shortfalls.

The Chinese policy may be slowly eroding the value of the US dollar, since the US is sometimes creating money to cover the shortfall or having its bonds purchased by highly leveraged governments that itself buys bonds from in a reciprocal fashion.

This, according to de Blasio, would leave the beleaguered network of municipal medical facilities tottering under «hundreds of thousands of dollars» in shortfalls — on top of a deficit already projected to hit $ 515 million by the decade's end.

Some of New York City's top cultural organizations are cutting staff, facing budget shortfalls and soaking up taxpayer money — yet their top officials rake in millions of dollars in compensation.

State Comptroller Thomas DiNapoli's office released an audit of the City of Newburgh's financial oversight that said officials failed to accurately track the city's budget which led to millions of dollars in shortfalls and a higher than necessary tax hike for its residents.

Lieutenant Governor Richard Ravitch is set to present a five - year financial - rescue plan Wednesday in which he will propose that New York borrow billions of dollars to address its current budget shortfall, the Times says.

In his presentation, Bloomberg blamed shortfalls in expected state education dollars and a reduction in federal education aid for the layoffIn his presentation, Bloomberg blamed shortfalls in expected state education dollars and a reduction in federal education aid for the layoffin expected state education dollars and a reduction in federal education aid for the layoffin federal education aid for the layoffs.

The adequacy debates are typically motivated by obvious and real shortfalls in the achievement of a state's students, but a combination of naive concerned citizens and self - interested parties invariably pushes to translate these debates into a simple dollar figure.

``... a shortfall of «a couple of hundred million dollars» needs to be kept in perspective, the Democratic governor said.

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.

He has introduced a bill that would eliminate 12th grade in all public schools in his state, saving, according to Buttars, $ 60 million dollars from a state shortfall of $ 700 million.

When Paul and I arrived in January, we were confronted with a 13 million dollar budget shortfall, schools without sufficient books and resources, teachers who had not had the benefit of consistent instructional training and support and administrators who were not empowered to make educational decisions for their own schools.

Though course enrollment is about 9,400, state money for the network is not guaranteed next year in light of a state budget shortfall in the billions of dollars.

Spurred on by new flexibility under the Every Student Succeeds Act and revenue shortfalls, and amid one - party control in most states, legislators this year tackled longstanding questions over who should be in charge of education policy, how to better spend K - 12 dollars, and what school success should look like.

Even big, supposedly safe Canadian stalwarts now have defined benefit pension shortfalls not in the millions, but in the billions of dollars.

The potential adjustments might include further dollar weakness, higher interest rates, or a shortfall in gross domestic investment.

Trent at the Simple Dollar also posted an interesting perspective in that eliminating debt, even low interest debt, reduces your cash flow, so that if you were to lose some or all of your income, your cash shortfall would be lower with each debt paid off.

For our example, we'll assume no pension, so we subtract the $ 20,000 in Social Security benefits from the $ 42,000 required retirement income leaving us with an annual retirement income shortfall of $ 22,000 (in today's dollars).

Besides multimillion - dollar annual shortfalls, the university has about $ 230 million in debt and other liabilities and only about $ 100 million in assets.

The feelings of frustration are compounded by feeling badly for a lawyer who easily could have avoided being personally liable on a shortfall of tens or hundreds of thousands of dollars of overdraft in the firm trust account, depending on the circumstances.

The Minister of Finance's recent report on the healthcare costs of treating accident victims revealed that taxpayers are paying the lion's share of victim's medical costs with a shortfall in 2013/14 of almost a quarter of a billion dollars that year.

Identified millions of dollars in budget shortfalls in advance; worked diligently to acquire additional funding to cover shortfall

If the buyer is buying at the top of his or her ability, an unexpected couple of hundred extra dollars a month could be painful, especially if the lender fails to escrow the right amount in time, and has to escrow an even larger amount to make up the shortfall by the time taxes are due to be paid.