Mayor Bloomberg used the presentation of his final executive budget on May 2 to say that
future budget shortfalls should prevent the city from agreeing to a teacher contract with retroactive pay raises, a position hotly contested by UFT President Michael Mulgrew.
But that only makes it more expensive to live here and sets us up
future budget shortfalls when that new money is evaporates (and it always does).
Not exact matches
But as our provincial credit ratings have been downgraded, it will be important for the current and
future governments to implement policies that will actually address the government's significant revenue
shortfall and growing
budget deficit.
«We must adopt a proposal that solves the 2017 deficit, as well,» Fasano said, «And we must work together to substantially mitigate
future shortfalls in 2018 and 2019 and implement long - term structural changes to the state
budget.»
It's not unusual for state
budgets to project cash
shortfalls for
future years, but the gaps are supposed to shrink as those years approach.
Mayor Bill de Blasio unveiled an $ 89.06 billion executive
budget proposal for the 2019 fiscal year on Thursday, decrying new spending that the city must undertake to meet
shortfalls and unfunded mandates imposed by the new state
budget approved last month, and cautioning of federal actions that could affect the city's fiscal
future.
«The continued commitment of the federal government to equal educational opportunity is more important than ever as states and LEAs face historic
budget shortfalls for the foreseeable
future,» the group wrote.
Most states have substantial
shortfalls projected not just this year, but into the
future, unless governors and legislators make fundamental changes to the
budget.
Some states have cut or closed their state fairs to address their
budget shortfalls, but supporters of the century - old pasttime remain optimistic about the
future.
Faced with declining enrollment and a
budget shortfall, University of Baltimore President Kurt Schmoke outlined his ideas Friday to secure the school's financial
future to a standing - room only crowd of students, faculty and staff.
As school districts around the country face crippling
budget shortfalls, Detroit's schools have been hit especially hard with staggering debt, pink - slipped teachers, school closures, high absenteeism, low college readiness and an uncertain
future.