Sentences with phrase «future budget gaps»

Those were proposals offered as possible ways to fill future budget gaps.

Without the offset of the 18 percent wage hike included in the deal realized through health care savings negotiated by the administration with the UFT and Municipal Labor Council, which represents all city employees, this agreement «could increase future budget gaps to levels that would be more difficult for the city to deal with, especially during another downturn,» Moody's warned.

The state still needs to do more to curtail future budget gaps by aligning recurring revenues and expenditures.

As stress above, New York's spending has increased to unsustainable levels; dealing with our current and future budget gaps requires significant adjustments on the spending side before we commit to new, burdensome taxes and fees.

New York City Mayor Michael Bloomberg, seeking to avoid future budget gaps, wants to slash a $ 12,000 pension bonus paid each year to police and firefighter retirees, but public - employee unions have vowed to fight.

For a second consecutive year, Cuomo also is relying on his 2 percent growth assumption — as expressed in the magic footnote at the bottom of the financial plan — to obscure the existence of future budget gaps.

But the city still faces challenges, including reaching labor agreements with the other municipal unions, obtaining anticipated health insurance savings and closing future budget gaps, according to an analysis released today by New York State Comptroller Thomas P. DiNapoli.

New York's comptroller says state government is in better fiscal shape than it has been for years but could face future budget gaps, depending on unspecified savings and projected tax collection increases.

Moody's, the credit - rating agency, says the agreement «could increase future budget gaps to levels that would be more difficult for the city to deal with, especially during another downturn.»