Sentences with phrase «faces budget gaps»

Never mind that most middle - class New Yorkers will see their federal taxes go down, and that the state already faced a budget gap of $ 4.4 billion before Washington lifted a finger.

The state faces a budget gap of at least $ 3.5 billion — of which the administration says $ 2.8 billion will be closed by as - yet - unspecified spending restraint.

Centro officials say they are facing a budget gap of at least $ 4.5 million.

Not exact matches

So, which states are potentially facing the worst 2010 budget gaps?

According to the Center on Budget and Policy Priorities (CBPP), the U.S. is presently facing a funding gap of $ 1.7 trillion on roads, bridges and transit alone — to say nothing of electricity, schools, airports and other needs.

Faced with a budget gap of $ 3.7 million in 2017 - 18, college trustees are weighing a tuition hike of 3 percent, a move administrators said would raise about $ 1.3 million toward closing the gap.

The Democratic governor, who has vowed to not raised taxes, faces the challenge of closing a $ 10 billion budget gap via spending cuts, primarily in education and healthcare.

Both Cuomo and DiNapoli said the state also is facing a $ 4 billion budget gap next year.

If the MTA's board declines to implement fare hikes outlined for 2019 and 2021 and if the agency doesn't reach its «harder - to - achieve» savings targets, it could be facing a $ 1.7 billion budget gap by 2021, according to MTA CFO Robert Foran, who presented the agency's budget forecast to the board Wednesday.

New York faces a $ 2 billion dollar budget gap.

Facing declining ridership and rising costs, the MTA will need new revenue sources to avoid its planned fare and toll hike in 2019 and to fight widening budget gaps, officials said Wednesday.

In reality, prior to the new spending, New York State faced out - year budget gaps that grow from $ 2.0 billion next year to $ 4.2 billion in fiscal year 2018 - 2019.4

As illustrated in the Executive Budget financial plan, the state will be facing significant budget gaps in each of the next three years, and a new payroll tax on employers will be a tempting target for future administrations and Legislatures looking for increased revenues, but reluctant to impose new or higher taxes directly on indiviBudget financial plan, the state will be facing significant budget gaps in each of the next three years, and a new payroll tax on employers will be a tempting target for future administrations and Legislatures looking for increased revenues, but reluctant to impose new or higher taxes directly on indivibudget gaps in each of the next three years, and a new payroll tax on employers will be a tempting target for future administrations and Legislatures looking for increased revenues, but reluctant to impose new or higher taxes directly on individuals.

The state faces an over $ 4.4 billion budget gap, as well as funding cuts and policy changes from Washington that could cost New York and some of its taxpayers billions of dollars.

Last November, MTA CFO Robert Foran warned that, if the MTA's board declines to implement fare hikes planned for 2019 and 2021 and if the agency doesn't reach its «harder - to - achieve» savings targets, it could be facing a $ 1.7 billion budget gap by 2021.

But the debt - laden transit authority will still need to find additional revenue sources, or cut costs, to alleviate operating budget gaps it's facing in years to come, according to S&P.

«New York is facing the prospect of outyear budget gaps,» DiNapoli said.

Cuts to personnel and other expenses are on the table for the Niagara Falls School District, since the district faces a $ 6.5 million budget gap and can't increase the overall tax levy because of restrictions related to the state's tax cap.

And Bloomberg today had similar news: By 2010 the city could be facing a $ 2.3 billion budget gap.

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.

He says at the current lower level of state funding, the school district faces a $ 10 million budget gap.

Last year, facing a collapse of the economy and a growing budget gap, state leaders changed the rules, ordering a review of all such tax subsidies to see if they were worthwhile.

The report noted «while projected budget gaps may currently appear modest — certainly when compared with gaps faced in some recent years — the next Mayor and City Council are likely to face significant budget challenges,» a situation Mr. Thompson described as Mr. Bloomberg and Ms. Quinn rather literally passing the buck.

Faced with a $ 40 million budget gap, he turned this «grim» situation into 3 straight budgets under the mandated state tax cap, built a budget surplus of over $ 18 million this year, replenished the fund balance to $ 40 million, and improved the county's bond rating to among the highest in the State.

The city will face a $ 3.8 billion budget gap by 2019 — bigger than de Blasio is banking on, Stringer said.

The state is facing a more than $ 300 million budget gap for this fiscal year, which ends on March 31st.

The legislation comes as the Thruway Authority faces a $ 36 million budget gap and as toll hikes may be possible system wide.

The circumstances in 2016 are far different: The state's financial picture has improved over the last five years and the budget doesn't face a yawning $ 10 billion gap.

That's a heavy lift when the state is facing a $ 9 billion to $ 10 billion budget gap.

It's unlikely the gap will be as big as the one he faced his first year in office, when the budget was out of balance by $ 10 billion.

«The borrowing will enable the country to bridge the gap in the 2017 budget currently facing liquidity problem to finance some capital projects.

He says New York faces a «triple threat» of the projected budget gap, weaker personal income tax collections, and cuts to federal programs.

YONKERS - In the face of New York State's $ 15 billion budget gap, Senator and Deputy Majority Leader Jeff Klein (D - Bronx / Westchester), joined by Senator Andrea Stewart - Cousins (D - Yonkers), and the Director of the NYS Lottery, will propose the expansion of gaming options at the New York State's existing video lottery terminals (VLTs) and electronic gaming tables as a way to generate a projected $ 145 million in education funding.

The Syracuse City School District Chief Financial Officer Suzanne Slack faces a multi-million dollar budget gap this year.

Still, whatever the grumblings, Mr. Cuomo's strategy has largely worked: He has avoided taking positions on controversial issues, even as the state, facing a large budget gap, grapples with the prospects of laying off state workers, raising taxes or eliminating programs.

«As a city we are facing enormous fiscal challenges right now, whether it's rebuilding from the devastating impact of Hurricane Sandy, addressing deep budget gaps or confronting high unemployment in the years ahead.

While the $ 11.5 billion 15 - month budget gap that New York State faced in January 2003 and the current $ 2 + billion surplus are not exactly comparable, the turnaround in the state's finances in significant.

He says at the current, lower, level of state funding, the schools district faces a $ 10 million budget gap.

The state is facing at least $ 1 billion budget gap before its fiscal year ends March 31.

At the same time, the state faces a $ 4.6 billion budget gap as revenue has slowed.

Facing declining ridership and rising costs, the MTA will need new revenue sources to avoid its planned fare and toll hike in 2019 and to fight widening budget gaps, officials said.

The report from the budget office, a arm of Gov. Andrew Cuomo's administration, released late, found the state faces a gap of $ 1.7 billion if spending increases remain capped at 2 percent as they have in previous years.

«Closing the budget gap, getting New Yorkers back to work, and giving struggling Middle Class New Yorkers the support they need to survive is the challenge we all face.

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.

Westchester County, the New York suburb where household income is 53 percent above the U.S. average, wants to use its top credit rating to sell taxable bonds to finance pension contributions and avoid increasing the highest taxes in the country... It faces a $ 54 million payment to the state retirement plan in 2011, $ 78 million in 2012 and $ 163 million in 2015, said County Executive Robert Astorino, who's working to close a $ 166 million budget gap next year.

Facing a $ 40 million budget gap he turned this «grim» situation into 3 straight budgets under the mandated state tax cap, built a budget surplus of over $ 18 million this year, replenished the fund balance to $ 40 million, and improved the county's bond rating to among the highest in the State.

Facing a $ 40 million budget gap he turned this «grim» situation into 3 straight budgets under the mandated state tax cap, building a budget surplus of over $ 18 million this year, replenishing the fund balance to $ 40 million, improving the county's bond rating to among the highest in the State.

Facing a $ 40 million budget gap he turned this «grim» situation into 3 consecutive budgets under the mandated state tax cap, built a budget surplus of over $ 18 million this year, replenished the fund balance to $ 40 million, and improved the county's bond rating to among the highest in the State.

This comes as he's gearing up for a third term, and faces several challenges including closing a $ 4 billion budget gap.

Central New York's public transit system is facing a sizeable budget gap and it's proposing a major reduction in service if more funding isn't provided.