As state and
federal revenues continue to be in short supply, many localities are seeking to supplement their education funding with local measures.
Not exact matches
By paying workers as independent contractors when they should be paid as employees,
federal, state and local governments potentially miss out on tax
revenue they would otherwise collect; this tax gap was the focus of a special report to Congress in 2011 and
continues to be an area of focus today.
These risks and uncertainties include: Gilead's ability to achieve its anticipated full year 2018 financial results; Gilead's ability to sustain growth in
revenues for its antiviral and other programs; the risk that private and public payers may be reluctant to provide, or
continue to provide, coverage or reimbursement for new products, including Vosevi, Yescarta, Epclusa, Harvoni, Genvoya, Odefsey, Descovy, Biktarvy and Vemlidy ®; austerity measures in European countries that may increase the amount of discount required on Gilead's products; an increase in discounts, chargebacks and rebates due to ongoing contracts and future negotiations with commercial and government payers; a larger than anticipated shift in payer mix to more highly discounted payer segments and geographic regions and decreases in treatment duration; availability of funding for state AIDS Drug Assistance Programs (ADAPs);
continued fluctuations in ADAP purchases driven by
federal and state grant cycles which may not mirror patient demand and may cause fluctuations in Gilead's earnings; market share and price erosion caused by the introduction of generic versions of Viread and Truvada, an uncertain global macroeconomic environment; and potential amendments to the Affordable Care Act or other government action that could have the effect of lowering prices or reducing the number of insured patients; the possibility of unfavorable results from clinical trials involving investigational compounds; Gilead's ability to initiate clinical trials in its currently anticipated timeframes; the levels of inventory held by wholesalers and retailers which may cause fluctuations in Gilead's earnings; Kite's ability to develop and commercialize cell therapies utilizing the zinc finger nuclease technology platform and realize the benefits of the Sangamo partnership; Gilead's ability to submit new drug applications for new product candidates in the timelines currently anticipated; Gilead's ability to receive regulatory approvals in a timely manner or at all, for new and current products, including Biktarvy; Gilead's ability to successfully commercialize its products, including Biktarvy; the risk that physicians and patients may not see advantages of these products over other therapies and may therefore be reluctant to prescribe the products; Gilead's ability to successfully develop its hematology / oncology and inflammation / respiratory programs; safety and efficacy data from clinical studies may not warrant further development of Gilead's product candidates, including GS - 9620 and Yescarta in combination with Pfizer's utomilumab; Gilead's ability to pay dividends or complete its share repurchase program due to changes in its stock price, corporate or other market conditions; fluctuations in the foreign exchange rate of the U.S. dollar that may cause an unfavorable foreign currency exchange impact on Gilead's future
revenues and pre-tax earnings; and other risks identified from time to time in Gilead's reports filed with the U.S. Securities and Exchange Commission (the SEC).
According to an August report by the Congressional Budget Office (CBO), debt will likely
continue to grow as spending for large
federal benefit programs — Social Security, Medicare and the like — outpaces
revenue.
Premium
revenues continue to be included as part of the
federal government's budgetary
revenues and program expenses, both benefits and administration costs,
continue to be part of the
federal government's total expenses.
Premium
revenues will
continue to be included as part of the
federal government's budgetary
revenues and program expenses, both benefits and administration costs, will
continue to be part of the
federal government's total expenses.
Even though
federal corporate tax rates have fallen by more than half over the past 30 years, corporate income tax
revenues have
continued to fluctuate around two per cent of GDP.
Texas service sector activity «
continued to increase in April, albeit at a slower pace than last month,» according to business executives responding to the
Federal Reserve Bank of Dallas» Texas Service Sector Outlook Survey, as the
revenue index decreased to 14.7 from 20.0.
While
federal and provincial governments will
continue to play an important role investing in infrastructure, they simply do not have the resources to meet the demand — pegged at somewhere in the neighbourhood of $ 500 - billion — without a large increase in tax
revenues or drastic cuts to social programs.
Until then, CEOs will
continue to call upon the
Federal Government to invest this funding into the high - growth firms that are already commercializing and generating
revenue.
Finally, the report noted that state and local
revenue gains from
federal tax reform will be further offset by higher costs for state and local borrowing, resulting from tax reform, and greater demand for public services as charitable donations drop and
federal budget cuts
continue.
Proponents of raising taxes on New York's wealthiest say they have a new impetus to increase the state's
revenue — the
continued bad news from Washington about deep
federal cuts to health care and other areas.
Among the findings: States will face
continued pressure due to skyrocketing Medicaid costs, underfunded pensions for retired public employees and volatile tax
revenues, as well as reduced
federal funding.
DiNapoli says the financial squeeze comes as the Great Recession
continues to linger, tax
revenues and state and
federal aid decline, and health care costs for governments grow.
The State Comptroller, Tom DiNapoli, in a report earlier in the week, said all local governments in New York face a grim new fiscal reality, as tax
revenues and state and
federal aid decline, unemployment remains high, and the recession
continues to linger.
Cuomo said New York and California
continue to be the largest donor states to the
federal government, sending much more to Washington in tax
revenue than either gets back in
federal services.
The Executive Chairman of the
Federal Inland
Revenue Service, Tunde Fowler, has urged Nigerians to
continue to pray for Vice-President Yemi Osinbajo, saying the VP has an uneasy task on his hands.
The budget
continues to rely heavily on appropriations from the
federal government, at almost a third of state
revenue, despite the unpredictability of state aid from Washington, D.C. under President Donald Trump and the Republican Congress.
Title VII of the ESSA would become Impact Aid (formerly Title VIII of NCLB), which would
continue to authorize funding for schools located on
federal property not generating tax
revenue.
Continue to leverage all sources of
revenue (
federal, local, private) while maintaining autonomy.
Despite our efforts to further reduce spending, the District
continues to struggle with increasing statutory and contractual obligations and declining state and
federal revenues.
Best would be to
continue the funds that have been granted by Congress to replace the lost
revenue due to the virtual end of logging on these
federal lands (a portion of
revenue paid by the feds to compensate for lost property tax
revenue since
federal lands aren't subject to state property taxes).
With political acrimony in Washington expected to
continue, state and local governments can not wait for the
federal government to create the badly needed jobs, economic activity, and resultant
revenue needed to sustain themselves; they must use the options available and undertake the task on their own — and they can.
«If left unchecked, the problem will
continue to deprive the
federal government — and the American people — of millions of dollars in lost
revenue every year.»