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.
There is reason to be skeptical that New York will run a multi-billion
dollar surpluses in the coming fiscal years, according to a preliminary report on the 2014 - 15 state budget released on Monday by Comptroller Tom DiNapoli's office.
Not exact matches
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?
Trade
surplus in August jumped 77.8 percent year - on - year and hit a record high again, after reaching an all - time high of 47.3 billion U.S.
dollars in July, the data showed.
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...
China's exports
in August rose 9.4 percent year - on - year to 208.5 billion U.S.
dollars, with monthly trade
surplus reaching an all - time high of 49.8 billion U.S.
dollars, customs data showed on Monday.
In the 1950s in response to a global «dollar shortage» that had impeded the return of international trade in the late 1940s and 1950s, Germany and other countries implemented policies, including sharply undervalued currencies, aimed at acquiring dollars by running large trade surpluse
In the 1950s
in response to a global «dollar shortage» that had impeded the return of international trade in the late 1940s and 1950s, Germany and other countries implemented policies, including sharply undervalued currencies, aimed at acquiring dollars by running large trade surpluse
in response to a global «
dollar shortage» that had impeded the return of international trade
in the late 1940s and 1950s, Germany and other countries implemented policies, including sharply undervalued currencies, aimed at acquiring dollars by running large trade surpluse
in the late 1940s and 1950s, Germany and other countries implemented policies, including sharply undervalued currencies, aimed at acquiring
dollars by running large trade
surpluses.
In 2017 the US ran a current account
surplus (goods, services and corporate profits) of 14 billion US
dollars against the EU.
By storing its
surplus export revenues
in Treasury bonds, South Korea nudges up the relative value of the
dollar against our competitors» currencies, and our trade deficit increases, even though the original transaction had nothing to do with the United States.
But to your first question I ask «why would the
dollar fall
in response to China lowering its trade
surplus to the US?
If the trade is
in balance and America has a huge balance of payments
surplus from all the debt service that countries owe
in dollars — plus a huge remission of profits by American companies that have bought out foreign industry — then the
dollar's exchange rate would soar.
We can blame this dip on a number of things: geopolitics, the slowing of real GDP growth across the globe, a huge oil
surplus here
in the U.S. and a strong
dollar.
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.
But unless we see a big narrowing
in the trade
surplus, then exporters still need to sell
dollars [and buy renminbi]
in the onshore market,» she said.
Meanwhile, more than two billion
dollars that could be spent on training will remain unspent, while the EI fund is rolling
in billions of
dollars of
surpluses, being used to pay down the deficit instead.
The Group of 20
in Seoul Korea last week accused the United States of competitive currency depreciation and financial aggression, and countries stepped up attempts to shun the
dollar and indeed, to avoid running trade and payments
surpluses as such.
Because of the size of purchases required, the likely purchases will be
in US
Dollar and Euro - denominated assets — much like what China has done with its
surplus.
Much of the debate over the past years about the benefits and the costs global specialization, primarily the rapid advance of China as a major manufacturing center has been less about the financial costs — the $ 12 trillion
dollars of additional liquidity that the US consumers offered to the world (the cumulative US trade deficit from 1990 through 2015 compared to the over $ 3 trillion
dollars in trade
surplus run - up by China over this same period — and more
in terms of the jobs lost and the impact of foreign products on American wages
in manufacturing.
(Meanwhile,
in a starving world we pay a billion
dollars a year just to store our
surplus food!)
I don't think there's a lot of
surplus in ballpark prices... Then again, a ballpark is a closed market... maybe you'll just shrug and pay the extra
dollar.
I actually have such a huge cash
surplus at the end of this school year that I have to spend millions of
dollars to not be
in violation of the three - month - expenses rule.
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.»
I think that what that amounts to is that they're building a good foundation with the budget
in dealing with the so - called» 5 - billion
dollar surplus,» more better said $ 5 billion of taxpayer's money.»
New York state finds itself with a five billion
dollar surplus — something that hasn't happened
in a while.
The $ 18.7 billion
dollar budget deal follows the disclosure earlier this week that a $ 500 million budget
surplus projected
in January had shrunk to $ 43 million.
State Comptroller Tom DiNapoli says the $ 5 billion
dollar plus pot of money due to settlements with banks and other financial institutions over alleged wrongdoing
in the Wall Street crash should not be looked at as a budget
surplus.
How about fact checking this cost to the American taxpayer, 800 billion
dollar stimulus created 800,000 jobs, doe the math on that per job, Obama's healthcare, do the math on that one and if you truly want to check some facts
in regard to Clinton's
surplus, check out the cut to National Security from which the
surplus was created and where it led us with respect to 9/11 and two wars.
ALBANY — Gov. Andrew M. Cuomo on Wednesday proposed using his first substantial budget
surplus to fund a $ 154 billion spending plan that includes a $ 2.1 billion increase
in school funding over two years and billions of
dollars in legacy - building construction projects.
Absent a tax increase, there isn't much maneuvering room within this figure — because,
in fact, there aren't any multi-billion
dollar «
surpluses»
in store.
Three Long Island school districts — Levittown
in Nassau County, and Montauk and South Huntington
in Suffolk — should not have built up multimillion -
dollar budget
surpluses, state auditors said
in separate reports released last week.
For the first time
in several years, New York has a
surplus of three to four billion
dollars.
The County Executive has put forward a costly agenda
in his second term, requesting dozens of new jobs, millions of
dollars in additional spending, and utilizing
surplus funds to create long - term costs.
«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.
Steve Kroll, executive director of New York State ARC, which offers services to disabled adults and their families, says the groups need a minimum of $ 50 million additional
dollars in the state budget, which is running a substantial
surplus.
When other counties were facing large deficits, our County was recording a
surplus that was used to pay down millions of
dollars in long - term debt and fund infrastructure repairs with cash and avoid costly interest payments.
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.
In May, she and the administration announced a massive revitalization program called «NextGeneration,» which they claimed could turn the authority from hundred - million
dollar deficits to equally large
surpluses within a decade.
Such designs are at the heart of the NYCHA head's NextGeneration plan, which Mayor Bill de Blasio commissioned to deal with what he called «the worst financial crisis»
in the authority's 81 - year history, and to take the entity from hundred million
dollar deficits to equally large
surpluses.
Wyoming's
surplus will probably have the advantage of somewhat higher productivity per
dollar of capital invested
in generation capacity; New Mexico's will have the advantage of being somewhat closer to the California and Arizona markets.
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.
Stockholders» equity: The
dollar value of all holdings of preferred and common stock, including any Paid -
In Surplus, plus retained earnings.
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.
The TaaS disruption will have enormous implications across the transportation and oil industries, decimating entire portions of their value chains, causing oil demand and prices to plummet, and destroying trillions of
dollars in investor value — but also creating trillions of
dollars in new business opportunities, consumer
surplus and GDP growth.
You mean the last time we ran a budget
surplus, the
surplus Bush turned into trillions of
dollars in new debt?
Sossin says that he hopes the money, comprised of
surplus dollars from the law school as a result of a successful professional development program, will grow
in future years.
In 1996, the premium - setting mechanism of the Employment Insurance Act was amended in a way that made possible the accumulation of surpluses totalling many billions of dollar
In 1996, the premium - setting mechanism of the Employment Insurance Act was amended
in a way that made possible the accumulation of surpluses totalling many billions of dollar
in a way that made possible the accumulation of
surpluses totalling many billions of
dollars.
Since then, Founders has grown into a multi-million
dollar surplus company serving customers
in forty - seven states and the District of Columbia.