The governor's budget director, Bob Megna, concedes that the $ 2 billion
dollar surplus for 2016 is just a projection at this point, but he says he believes that it will become a reality, even if the economy goes south.
«We are projecting an eight million
dollar surplus for the current year,» declared Miner to applause in her State of the City speech Thursday evening.
Not exact matches
Some folks really get into it and build collections; some lots are considered «legendary» because people might think they're drinking
surplus Screaming Eagle (which normally sells
for thousands of
dollars a bottle)
for $ 15.
Why can't they increase their consumption and investment levels rather than relying on the U.S. economy to buy their consumer goods and capital goods
for surplus dollars that have no better use than to accumulate in the world's central banking system as excess reserves?
The U.S. media are silent about the most important topic policy makers are discussing here (and I suspect in Asia too): how to protect their countries from three inter-related dynamics: (1) the
surplus dollars pouring into the rest of the world
for yet further financial speculation and corporate takeovers; (2) the fact that central banks are obliged to recycle these
dollar inflows to buy U.S. Treasury bonds to finance the federal U.S. budget...
The country's healthy trade
surpluses and the Plaza Accord in 1985, which sought to weaken the U.S.
dollar against the Yen and German Deutsche Mark, caused the Yen currency to appreciate against other currencies, which in turn made foreign capital investments relatively inexpensive
for Japanese companies.
It has turned its debtor position into a lever, borrowing at no interest charge (to the extent that its currency circulates abroad) or at low interest (mainly from central banks in countries that have no other use
for their
surplus dollars.
This
surplus, combined with an affluent population, forces the food industry into a fierce competition
for consumer
dollars.
One area that New Yorkers would like to see some additional
dollars, moreso coming from the $ 5 billion
surplus than anyplace else, is in terms of both local and state infrastructure: 27 percent say use some of that money
for local infrastructure, bridges, roads, and an additional 15 percent say let's increase the quality of state roads.»
But the governor and his budget officials believe that if they continue to hold spending to 2 % a year or lower, the state will have an over $ 2 billion
dollar surplus in three years, enough to pay
for the tax cuts, pre-kindergarten and other programs.
The five billion
dollar surplus does not actually happen until 2019, and it occurs only if state spending growth is limited to 2 % or less a year
for the next three years.
«They can use a small slice of that increase, they can tap into their billions of
dollars of
surpluses and reserves or they can finally look
for efficiencies within their budget,» Peters said.
«The Minority Caucus has control over whether or not the County will spend
surplus dollars or bond
for expenditures because both actions need a super majority approval, eight votes,» said Minority Leader Mills.
For the first time in several years, New York has a
surplus of three to four billion
dollars.
Cuomo has slashed funding
for transitional jobs programs to nearly zero, despite receiving an annual billion -
dollar surplus as part of the fixed federal welfare (TANF) block grant.
The budget
for the new fiscal year shows a
surplus of just half a billion
dollars.
McMahon does give Cuomo credit
for holding spending growth to an average of 2 % per year,
for the past three years, making the governor's plan to reap a $ 2 billion
dollar surplus more likely if he continues the habit.
«The temptation
for Cuomo will be to use state - budget
surpluses to avoid the problem
for a couple of more years — that is, give them a few hundred million
dollars a year out of the state budget to cover the operating budget deficits that will get bigger as the M.T.A. devotes more money to debt service,» she emailed.
«Clearly one of the things that has to be addressed is the level of state support
for the MTA from the
surplus dollars that are now available,» Mr. de Blasio said.
The speaker called
for patience from residents in allowing NYCHA to implement the plan, which projects
for the authority to go from running hundred million
dollar deficits to equally large
surpluses inside of a decade.
«Same smoke, same mirrors, same attempt to blame others
for his decision to lay off thousands of teachers, despite increased state aid, hundreds of millions of
dollars in new revenues and a
surplus that has grown to more than $ 3.2 billion,» Mulgrew said in an angry response to the mayor's presentation.
Surplus Pell funding is held in reserve
for years when there is higher student demand
for Pell
dollars.
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.
Period IV covers 1945 - 73, the Bretton Woods era of rising gold reserves, with European countries and Japan amassing sizeable new post-war holdings as central banks exchanged
surplus dollars for gold from the U.S. treasury.
It calls
for a move from enforcement to prevention, from «animal control» to «animal services,» in an effort to break the cycle of unwanted,
surplus companion animals, to make more effective use of citizens» tax
dollars, and to reform legislation at every level.
So maybe Nintendo will offer some cheep 8/16 MB cards that they bought from Panasonic because it will be the
surplus they usally end up burrying, so maybe Nintendo can nab them
for pennies on the
dollar, to give those who don't have an SD card
for another use (Digital Camera, MP3 player.)
For example, when Bush II came into office, economists were projecting a $ 5.6 trillion
dollar surplus over 10 years and Congress passed a $ 1.5 T tax cut.
There's no guarantee that the
dollars and effort invested in remodeling will make
for a positive return, particularly during today's
surplus of inventory at reduced prices.