Sentences with phrase «estimated budget gap»

Syracuse faces an estimated budget gap of $ 16 million next year, which would eat up most of the $ 20 million that remains in the city's fund balance.

PFM estimates the budget gap will widen by 2018.

Not exact matches

The second, and more pressing problem, is closing what is estimated to be a multi-billion dollar budget gap in fiscal 2012.

She added that by Congressional Budget Office estimates, cited by Harvard professor and former Secretary of the Treasury Larry Summers, a 0.2 percentage point increase in GDP would eliminate any long - term budgeBudget Office estimates, cited by Harvard professor and former Secretary of the Treasury Larry Summers, a 0.2 percentage point increase in GDP would eliminate any long - term budgetbudget gap.

The budget gives an estimate deficit of only 2.9 billion in 2014 - 2015 (page 10), so it is very reasonable to suggest that somewhat faster economic growth would fill this gap.

Kevin Page, the parliamentary budget officer, recently estimated that an aging population — which means a smaller tax haul and bigger health and other outlays — will leave Ottawa and the provinces with a $ 46 - billion - a-year fiscal gap to fix by cutting spending or hiking taxes.

The remark provided a warning shot to unions now brawling with Gov. Paterson to preserve planned pay raises and stop forced furloughs amid an estimated $ 9.2 billion budget gap.

The gap in next year's budget is likely larger than initially estimated, Gov. Andrew Cuomo said today at a Red Room question and answer session.

On the plus side, the IBO estimated that budget gaps over the next two years would be smaller than the administration has projected.

Current estimates «show a potential» for a budget gap $ 689 million in the coming fiscal year, which begins April 1.

What he is staring in the face is estimated $ 40 million budget gap for next year — the difference between anticipated revenues and generally understood expenses — and a lean piggy bank (the fund balance) to tap.

Jennings also budgeted an estimated $ 5.6 million in reserves to close the 2011 budget gap.

The governor's division of the budget revised revenue estimates down halfway through the last fiscal year, so there was not an unexpected budget gap.

Gov. Andrew Cuomo's proposed state budget increases New York City's deficit for the upcoming fiscal year by an estimated 58 %, creating an «immediate $ 1.4 billion gap» on top of an already existing shortfall of $ 2.4 billion, City Comptroller John Liu plans to tell Albany lawmakers in testimony Monday.

DiNapoli says, luckily, the Cuomo administration has kept the lid on spending, so a budget gap already estimated at one billion dollars has not grown significantly yet.

The budget division estimates that a gap of $ 3 billion to $ 3.5 billion is in the offering for the coming fiscal year, which begins April 1.

The initial budget gap was estimated to be $ 2.4 billion.

Federal economic stimulus aid helped close an estimated $ 162.5 billion in budget gaps among the 50 states in 2010, the report stated, citing a study by the Center on Budget and Policy Priorities, a Washington - based policy research budget gaps among the 50 states in 2010, the report stated, citing a study by the Center on Budget and Policy Priorities, a Washington - based policy research Budget and Policy Priorities, a Washington - based policy research group.

State Sen. John Flanagan (R - East Northport), chairman of his chamber's Education Committee, said the Senate's proposal would go well beyond the governor's plan in reducing the so - called Gap Elimination Adjustment, or GEA, an accounting mechanism introduced in 2009 - 10 to help the state cut a budget deficit then estimated at $ 10 billion.

New York State's budget gap through fiscal 2018 - 19 could be a whopping $ 4.6 billion worse than indicated by Governor Cuomo's latest Division of the Budget (DOB) projections, according to new estimates from State Comptroller Thomas DiNbudget gap through fiscal 2018 - 19 could be a whopping $ 4.6 billion worse than indicated by Governor Cuomo's latest Division of the Budget (DOB) projections, according to new estimates from State Comptroller Thomas DiNBudget (DOB) projections, according to new estimates from State Comptroller Thomas DiNapoli.

Now, Sheehan will have to close a city budget gap that she estimates will be at least $ 16 million without that money.

Facing an estimated $ 10 billion budget deficit for the upcoming fiscal year, New York State Governor Andrew Cuomo will detail his plans to close the gap when he presents his budget tomorrow.

NIFA, which must approve the county budget, said the multiyear plan for 2017 - 2020 has an estimated annual gap between revenue and expenditures of more than $ 80 million and an additional $ 90 million in risky revenue that may not materialize.

Topics in the Q&A included the source of money for the City's planned pre-K advertising campaign, the City's target number of pre-K applicants, whether Speaker Silver thinks the proposed income tax surcharge should be pursued next year, how the pre-K selection process will work, how the City will cover the approximately $ 40 million annual gap between the estimated cost of pre-K and the amount provided in the state budget, when parents will learn whether their pre-K application has been accepted, how the City will collect data and measure success of the pre-K program, whether the existing pre-K application process will be changed, how the City will use money from the anticipated school bond issue, the mayor's reaction to a 2nd Circuit ruling that City may bar religious groups from renting after - hours space in public schools, the status on a proposed restaurant in Union Square, a tax break included in the state budget that provides millions of dollars to a Bronx condominium project, the «shop & frisk» meeting today between the Rev. Al Sharpton and Police Commissioner Bratton and a pending HPD case against a Brooklyn landlord.

Cuomo, facing his third lean fiscal year as governor, closes a $ 1.3 billion budget gap by holding spending flat for state agencies, which he estimates will save $ 434 million, and putting off a cost of living increase for health care providers, worth $ 412 million.

The governor's division of the budget revised revenue estimates down half way through the last fiscal year, so there was not an unexpected budget gap.

Make up, in the coming year, for a yawning budget gap in the Pell Grant college - aid program, estimated at roughly $ 7 billion.

District officials have since revised their estimate downward, projecting a $ 9 million budget gap.

The budget estimates that wage gap for women in the federal public service could shrink by 2.7 cents, narrowing the gap to 94.1 cents on the dollar.