Sentences with phrase «expected federal cuts»

During an hour - long discussion with reporters, Cuomo seemed to suggested he perhaps didn't want a budget at all, at least not one without what he called «flexibility» for his administration to act — post-budget — to respond to widely expected federal cuts, particularly in the Medicaid program.

Not exact matches

They also follow a recent pledge by the bank to build more branches and expand hiring in underserved neighborhoods and expand its philanthropic work, in response to an expected windfall from the passage of federal corporate tax cuts last year.

Due to sequestration, the forced federal budget cuts that took effect Friday, the SBA is expected to lose the ability to guarantee 1,928 fewer loans totaling $ 902 million in capital in the hands of entrepreneurs.

Incoming Federal Reserve chair Jerome Powell, chosen by U.S. President Donald Trump to keep the recovery humming, appears set to let an expected trillion - dollar tax cut run its course through the economy as weak wage growth and inflation buttress his view that the economy remains underpowered.

The cuts were expected to save the federal government about $ 133 billion a year.

Muni demand from banks and insurance companies should decline somewhat after the large corporate federal income tax rate cut from 35 % to 21 %, but we don't expect widespread liquidation of their portfolios.

The bank's comments cemented the belief that Canada will not raise rates in the foreseeable future, and could even cut rates, even with the U.S. Federal Reserve expected to hike further.

Meanwhile, the 2003 federal budget — thanks in part to Bush's war and his reckless tax cuts - is expected to approach a $ 500 billion shortfall this year.

The Federal government is expected to boost the amount it intends to borrow in the coming months, as the Treasury contends with declining tax receipts as a result of the recent corporate and personal tax cuts, as well as widening budget deficits and a Federal Reserve that is slowly reducing its own holdings of government bonds.

Meadows also said that he did not expect a major fight over whether the Harvey aid package would be offset with cuts elsewhere in the federal budget.

Federal corporate tax revenues are expected to rise in coming years, but will remain well below the shares of corporate profits and the proportion of the economy they had been prior to these tax cuts.

In the six months ended March 31, 2018, as a result of the U.S. Tax Cuts and Jobs Act, Post recorded a $ 265.3 million one - time income tax net benefit which included (i) a $ 272.4 million benefit related to an estimate of the remeasurement of Post's existing deferred tax assets and liabilities considering both the expected fiscal year 2018 blended U.S. federal income corporate tax rate of approximately 24.5 % and a 21 % rate for subsequent fiscal years and (ii) a $ 7.1 million expense related to an estimate of the transition tax on unrepatriated foreign earnings.

He expects a half - percentage point cut, the fifth such reduction this year [at the Federal Reserve meeting Tuesday].

The Federal Reserve may also have to tighten at a faster pace than expected, which may neutralize some of the effects of the rate cuts.

CNN: Hate crimes trial against Amish begins Federal prosecutors are expected to argue that an Amish sect leader, accused of orchestrating beard - cutting attacks against fellow Amish men, was operating a cult out of his family compound in rural Ohio.

The final agreement not only burnishes Cuomo's liberal credentials by extending (though not expanding) the millionaire's tax, raising the age of criminal responsibility of New York and addressing the high cost of college tuition for members of the middle class, it also dramatically increases his (already considerable) budget powers, enabling him to single - handedly make spending cuts in the event of widely expected future federal funding reductions.

U.S. Sens. Charles Schumer and Kirsten Gillibrand should expect to get a federal income tax cut worth thousands of dollars next year under the new Republican tax law, which they both fought and voted against, based on their 2017 tax returns.

Because of lower - than - expected federal assistance for Medicaid, Albany instituted an across - the - board budget sweep of 1.1 percent, cutting state spending and also siphoning off theoretically separate revenue streams dedicated to specific programs and agencies, like the MTA.

Stung by the expiration of federal aid intended to help states balance budgets as they seek to recover from the recession that began in 2008, the final budget is also expected to include another cut in local aid to cities and towns and to call for reduced growth in the rate of spending on education and health care, although special education is one of the few areas in which significant investments appear imminent.

Don't expect cuts to the federal program that funded the cleanup of the Buffalo River, sturgeon restoration in the Niagara River, beach forecasting programs on Lake Erie and Lake Ontario and other research and rehabilitation efforts in the Great Lakes, Rep. Chris Collins said.

WASHINGTON — New York's two Democratic senators, Chuck Schumer and Kirsten Gillibrand, should each expect to get a federal income tax cut worth thousands of dollars next year under the new Republican tax law, which they both fought and voted against, according to projections based on their 2017 tax returns.

Cuomo said the stopgap budget would give legislators time to resolve their differences while postponing the decision until after the release of the federal budget, which is expected to contain spending cuts that could drastically impact state finances.

«While the federal corporate tax cuts are expected to incentivize businesses to make capital investments and create more jobs, New Yorkers don't see the benefits of the new tax reform,» Ondrich said.

The budget is expected to be cut to $ 132.9 billion, a 2.7 percent reduction, a source told the DN — in part because of a loss in federal stimulus aid.

The chairwoman of the City Council's Committee on Finance said today she's unsure what federal funding cuts will occur under President - elect Donald Trump but that the Council is preparing and expects to «overcome overcome many of them.»

Others, like New York, are not expected to pursue the option to drop coverage programs — but still, the proposed federal budget cuts may force some difficult decisions.

The budget is expected to be cut to $ 132.9 billion, a 2.7 % reduction, a source said - in part because of a loss in federal stimulus aid.

Due to the fact many services provided by the County of Erie, State of New York are fully or partially paid for by the federal government, on March 16, 2017 County Executive Mark Poloncarz ordered certain commissioners and heads of departments that rely on federal funding to review the Trump 2018 Budget Blueprint and provide a report on the expected impact of it on Erie County services, including, but not limited to, the identification of any programs impacted by the Trump 2018 Budget Blueprint (including the expected cut in funds received), possible reduction in direct county jobs as a result of any cut, impact on third parties that receive funds from Erie County that are received from the federal government, as well as any other known impact.

NYC Health + Hospitals, formerly the Health and Hospitals Corp., expects to face a $ 1.2 billion deficit next year, which will be exacerbated by federal cuts of $ 300 million in 2017 and $ 460 million per year through 2025.

Garcia said that additional cuts to those federal reimbursements would throw off a five - year fiscal reform plan expected to be released Wednesday as Puerto Rico prepares to negotiate with bondholders over its debt.

State Comptroller Thomas DiNapoli today issued his own mid-year summary, accompanied by a press release citing the «triple threat of budgetary risks» posed by «projected budget gaps, weaker than expected personal income tax collections and cuts to federal programs.»

The state's fiscal picture faces challenges from lower - than - expected revenue growth and the potential for federal cuts and tax changes, according to Comptroller Tom DiNapoli's office.

Projected budget gaps, weaker than expected personal income tax collections and cuts to federal programs combine for a triple threat of budgetary risks,» DiNapoli said.

NYC Health + Hospitals, formerly the Health and Hospitals Corp., expects to face a $ 1.2 billion deficit next year, which will be exacerbated by federal cuts of $ 300 million in 2017 and $ 460 million per year through 2025, hospitals chief Dr. Ramanathan Raju said at a City Council hearing.

The Democrat is expected to address cuts to federal programs that benefit rural hospitals.

Deputy Superintendent and Chief Financial Officer Ruth Quinto says the district is expecting a $ 4 million to $ 6 million cut in federal dollars.

Luci Willits, Smarter Balanced's deputy executive director, doesn't expect states to adopt lower cut scores than the ones the consortia recommend because doing so could put federal funding in jeopardy.

With economic data that is not seen to be substantially improving (see last month's retail sales which came in at just 0.2 percent against the expected 0.5 percent) and with the Federal Reserve cutting back their $ 85 billion worth of asset purchases, the prospect for a new period of prosperity is slim.

A posting on the Inman News blog indicates that National Association of Home Builders expects more short - term rate cuts by the Fed this year, with quarter - point cuts in the federal funds rate at the Fed's Oct. 31 and Dec. 11 meetings.

Vice President and Chief Economist, Frank Nothaft said, «Stronger than expected consumer confidence and recent comments from members of the Federal Reserve raised some inflation concerns in the market, causing it to lower expectations of a Federal rate cut this year.

Trying to thwart recession, Fed cuts rates by 0.75 % — The Federal Reserve, as expected, slashed a key interest rate, but whether that cut will be passed along to individual cardholders depends on the bank, the card agreement and the credit standing of the consumer.

At a time when train shipments of crude oil are expected to skyrocket in Canada, the federal government is cutting funding for Transport Canada, the country's transportation regulator, by almost 30 per cent, down to $ 1.5 billion, according to government spending estimates for 2012 - 13 and 2013 - 14.

«Congress is expected to further cut funding for conservation programs and land agencies, already sitting at less than 1 percent of the federal budget,» writes Brad Brooks, the associate director of the Idaho office of the Wilderness Society, a nonprofit conservation group dedicated to protecting natural areas and federal public lands, in a recent AlterNet article.

The Dow Jones Industrial Average has surpassed 20,000, a record high, and the economy is expected to benefit as the federal government cuts taxes, scraps unneeded regulations, and increases spending on infrastructure and defense.

The timing of the GST cut outlined in the Federal Budget, scheduled for July 1, is not expected to have any short - term impact on the housing...

The timing of the GST cut outlined in the Federal Budget, scheduled for July 1, is not expected to have any short - term impact on the housing market, says Pierre Beauchamp, CEO of the Canadian Real Estate Association.