Sentences with phrase «expected city revenues»

In fiscal 2015, the first full budget year for the new mayor, the deficit was put at $ 1.7 billion, or 3.1 percent of expected city revenues of $ 72 billion.

Not exact matches

VANCOUVER — The city of Vancouver's new empty homes tax is expected to bring in $ 30 million in revenue in its first year.

Caesars Entertainment Corp., the world's biggest casino company and Atlantic City's biggest owner with four resorts, lost about $ 6 million to $ 8 million in cash flow from $ 25 million in revenue it would have expected at its New Jersey shore and Philadelphia properties, Chief Executive Officer Gary Loveman told CNBC today.

While no - one is expecting Arsene Wenger to spend toe - to - toe with the likes of Man City and Chelsea, it's not clear why the new stadium was built if the revenue it brings doesn't allow the club to compete with the likes of the Glazer - shackled Man United and North London rivals Tottenham.

The 1.5 cents per ounce tax was pitched in Philadelphia as a means of raising revenue — over $ 400 million is expected to be collected in the next five years — to be used for pre-K education and other city programs.

Entergy has «payment in lieu of taxes» deals with Buchanan, the Hendrick Hudson school district, the city of Peekskill and Westchester County that were expected to amount to about $ 31 million in revenue for those government entities in 2015 and rise annually along with the state property tax cap.

The new studio is expected to generate 1,311 permanent jobs and $ 4.3 million in state and city tax revenue during construction, plus $ 115 million more the seven years after opening.

The city has seen larger - than - expected tax revenues in recent years, but Mr. de Blasio warned that it needs to stow away copious funds in the event of another recession — which he claimed struggling stock markets across the globe make a real possibility.

For the rest of the budget, on the upside, the mayor's office expects to see increased revenue from sales tax, parking fees and property tax collection — thanks to the land bank, the agency tasked with handling the cities massive list of vacant properties.

Because ongoing expenses exceed revenues, the city is expected to spend $ 20 million of its savings by this July and another $ 25 million next year.

Buffalo purchased the research campus five years ago for $ 4.6 million, and state is expected to be off the tax rolls, but city officials believe they will reap some indirect benefits such as residential and commercial development leading to more tax revenue.

On a local level, Niagara Falls is expected to see the biggest impact; the city gets more than $ 20 million in annual revenue sharing payments from the casino there.

State legislators and city officials, who have praised the governor's leadership on Close to Home, say the loss of the revenue is compounded by the fact that the program is expected to triple in size over the next few years when the city implements the Raise the Age initiative.

City officials said they chose not to issue the bonds because the revenue from the market - rate apartments in the project is expected to finance the affordable housing units.

The project, which is expected to create four jobs, would generate nearly $ 237,000 in new tax revenue for the city and Erie County over the next 12 years.

NEW YORK (CBSNewYork)-- The New York State Comptroller said he expects profits in the securities industry to go up and city income tax revenues to go down this year.

In total, the city has raised its revenue forecasts by $ 5.1 billion through FY 2017, largely because real estate values and sales activity are increasing faster than had been expected and personal income tax collections have been strong.

The city's Industrial Development Agency issued $ 237 million in tax - exempt construction bonds to the owner, Bronx Parking Development, in 2007, but revenues have been far lower than expected since the stadium opened as fans have sought cheaper parking elsewhere or opted to take the train to games.

The Council expects the city to bring in more tax revenue than the mayor estimates and projects lower costs for other city programs, saying the budget will still have a $ 258 million surplus even with its additions.

«The governor's proposal raises the city's cost in foregone property tax revenue in order to subsidize construction workers» wages, without increasing the expected number of affordable housing units,» she said.

The mayor's austerity budget comes at a time when city tax revenue is coming in at a higher - than - expected pace.

An economic slowdown is widely expected by city officials, economists, and budget watchdogs, and the Council's budget response notes the consequences it could have on consumer spending, tax revenue, real estate prices, and cost of living.

Zhenai has 50 matchmaking centres in 37 cities across China, and Li says he expects the company to generate 1.5 B yuan in revenue and 200M yuan in net profit this year.

City partners are shrugging off concerns about the eurozone and domestic spending cuts to face 2011 in a generally upbeat mood, with nine out of 10 law firms expecting revenue growth over the year.

At the very least, we expect it to be rolled back as savings from uploading and other revenue sources are realized, as was approved by City Council last October 22,» says O'Neill.

Buttressed by the real estate market turnaround, the city expects to take in about $ 464 million in general - fund revenue in the year beginning in July, a 25 percent increase since 2013.