Sentences with phrase «for replacing the lost revenues»

After moving dramatically to abolish property taxes as a source of funding for the schools, lawmakers last year decided to give voters a choice for replacing the lost revenues: either a two - cent sales - tax increase, to be considered in a March 15 referendum, or an income - tax hike, which will go into effect automatically if the sales - tax rise is rejected.

Not exact matches

Many of the same warnings Mario Cuomo heard in the 1980s about Shoreham are the same ones his son hears today from supporters of Indian Point: Closing a nuclear plant will result in blackouts, a less reliable electric grid and increased air pollution as fossil fuels are burned to replace the lost emissions - free nuclear power; customers could face higher bills; more than 1,000 jobs will be lost, and tax revenue for schools and towns will dissipate.

Replacing income taxes with am employer payroll tax, leaving Washington, not Albany, on the hook for billions of dollars in lost revenue, might sound good, but the idea floated by the governor is already running headlong into a barrage of practical questions about how precisely such a switcheroo might work.

So, he makes this rule and then when banks look for ways to replace the billions in lost revenues, he criticizes them.

After the new overdraft law last year restricted banks from collecting overdraft fees, which happened to be one of their major income sources, banks are looking for other ways to make up the lost revenue, one of them is eliminating free checking and replacing it with one that either has monthly maintenance fee or requires a high account balance to avoid such fee.

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).