Sentences with phrase «future budget years»

The report goes on to explain that the new budget uses borrowing, one - time revenues, and fund transfers to close budget deficits and cover operating expenses and reports that, «By relying on these measures, rather than recurring revenues to close the state's budget gap... state policymakers have opened up a larger revenue hole in future budget years.»

«While this budget sets New York on a more sustainable fiscal course, we can not let this progress be undone in future budget years,» DiNapoli said in a statement.

But that is achieved in part through «the timing of payments and the manipulation of the movement of dollars throughout the State's governmental funds structure» and doesn't necessarily address structural imbalances in future budget years.

It gets worse in future budget years — deficits growing to $ 6 billion and then $ 8 billion.

Not exact matches

As pension costs have tripled in the past five years, states have struggled to find somewhere in the budget to make up the difference between what they have promised to future retirees, and what the books are showing.

Republican Presidents, including Trump, have promised to balance future budgets with gigantic reductions in discretionary spending, a category that includes both outlays for defense, and all other areas that are voted each year (as opposed to entitlements that provide benefits guided by a fixed formula).

Federal coffers are set to dole out $ 186.7 billion in infrastructure money over the next 12 years, but the most recent federal budget indicated about one - quarter of planned spending between 2016 and 2019 was being moved to future years.

The parliamentary budget office's report says the slippage in spending is likely to affect the budgetary balance sheet by reducing planned deficits in one year at the expense of deeper spending in future years.

Last year, when asked about balanced budget legislation he told the House of Commons Standing Committee on Finance «I don't think writing something into law, and then expecting that future governments will be held by that, is realistic.»

Q: Will Congress» approval of trillion - dollar federal budget deficits this year and next and perhaps into the future be good for the economy?

[105] On January 8, 2008, to address ongoing structural budget issues, Governor Corzine proposed a four - part proposal including an overall reduction in spending, a constitutional amendment to require more voter approval for state borrowing, an executive order prohibiting the use of one - time revenues to balance the budget and a controversial plan to raise some $ 38 billion by leasing the Garden State Parkway, the New Jersey Turnpike, and other toll roads for at least 75 years to a new public benefit corporation that could sell bonds secured by future tolls, which it would be allowed to raise by 50 % plus inflation every four years beginning in 2010.

The provision can not increase the federal deficit at some point in the future, beyond the typical 10 - year «budget window» that is used to evaluate legislation.

The budget for each organizational function is set based on its future costs, regardless of costs in previous years.

In our Influencer 2.0: The Future of Influencer Marketing research report, 55 % of marketers reported in that they plan to increase their influencer marketing budget in the coming year.

Finally, the Budget projections may include current year liabilities, such as adjustments to the various allowances for loans and loan guarantees, court cases, employee future benefits, tax receivables, etc..

However, the final financial outcome for 2016 - 17 at $ 17.8 billion was $ 5.3 billion lower than that estimated in the March 2017 Budget, part of which should carry forward in 2017 - 18 and future years.

However, under accrual accounting, the present value of all expected future payments as a result of past service provided by veterans has already been recorded in the financial statements and in previous years» budgets.

You can add another $ 800 billion a year if you budget for future commitments, such as the future cost of pensions for our current standing military, so while the Defense appropriation is $ 640 billion, the actual cost to tax payers has been estimated at $ 1.7 trillion dollars each year — about 40 % of the annual Federal budget.

As a mom of 2 on a tight budget I appreciate all of you moms out there who do these reviews I reall y need a new stroller for my son and unfotunatley I cant afford the motion right now but hope to get one in the future I have a 2 year old and 9 year old so this is prefect for me!!

To limit school aid growth in future years, the budget proposes a new Gap Elimination Adjustment formula in permanent law that limits growth in the out - years based on the growth in personal income.

Another priority for Miliband will be to lead a joint Treasury - Cabinet Office review into the future role of the third sector in economic and social regeneration, which was announced in the Budget earlier this year.

Future Deficits: The revenue and spending actions in the proposed Executive Budget reduce but do not eliminate out - year deficits.

Miliband then went back two years to his favourite budget to talk about the 50p tax before challenging the Prime Minister to rule out lowering the 45p rate to 40p in a future parliament.

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.

At 1 p.m., Brooklyn Borough President Eric Adams unveils more than $ 7 million in his capital budget investment for fiscal year 2018 to add seven new schools to his Growing Brooklyn's Future initiative, P.S. 56 Lewis H. Latimer School and Urban Assembly Unison School, 170 Gates Ave., Brooklyn.

Mayor Bill de Blasio committed $ 26 million in his budget, and as much as $ 44 million in future years to expand the HIV / AIDS Services Administration (HASA) program, which provides housing, food and transportation assistance to 32,000 people.

The Executive Budget takes two steps backward for one step forward — with improvements to target poverty this year outweighed by the loss of predictability and transparency in future years and by not doing enough to ensure that schools serving low - income students and students of color receive the resources they need to increase achievement and opportunity.

Senate Democratic leaders have delayed consideration of the annual budget resolution until Congressional leaders and the White House agree to deficit reduction package, which is expected to set discretionary spending levels for fiscal 2012 and possibly for future years.

However, the Executive Budget eliminates use of the Foundation Aid formula for increased funding in future years.

«This spending growth is not accompanied by any additional increase to the city's budget reserves, and budget gaps projected in future years have grown,» said Citizens Budget Commission president Carol Kellebudget reserves, and budget gaps projected in future years have grown,» said Citizens Budget Commission president Carol Kellebudget gaps projected in future years have grown,» said Citizens Budget Commission president Carol KelleBudget Commission president Carol Kellermann.

Thus the new budget manipulates future aid formulas in a way that one advocate says will cost city charters some $ 1.7 billion over the next several years.

«Budget resolutions are starting points which set blueprints for federal spending levels and policies for future fiscal years,» Hanna said after the vote.

The pension liabilities for New York state and New York City have been kept in check over the years by hiking contributions, but increasing costs could place pressure on future budgets, according to report released this week by Moody's.

Experts on state policy and fiscal issues analyze the recently passed budget, compare it to past years, and discuss the future of on - time state budgets.

Although there is additional revenue available to fund these costs in the coming fiscal year, the agreed upon additions are an added risk to the City's fiscal health in future years, when budget gaps are already projected and when an inevitable economic downturn will erode the revenue required to pay for recurring expenses.»

ALBANY — With an election - year budget that pledges future funding for popular pre-kindergarten programs and a multi-year package of tax cuts, Gov. Andrew Cuomo is living in the future, touting programs now that won't take effect for several years.

«After years of stagnation and stunted ambition, we are building across the state bigger and better than before, and the energetic felling of the old bridge to make way for the new, on budget and ahead of schedule bridge, showcases our renewed commitment to building new, inspiring infrastructure for the future,» Governor Cuomo said.

«With a cloudy future as to what the budget will be in coming years, how do you make this unique site reach its full potential under that scenario?»

The Senate's budget, quietly released early on Saturday morning, keeps Cuomo's proposals to remove $ 485 million in funding for the City University of New York and to shift the growth of New York City's Medicaid program back to the city government, which will have a $ 180 million impact in the coming fiscal year and will increase in future years.

Second, the cost will be hundreds of millions of dollars — unless you are willing to ignore the $ 53 million spent to advertise Startup, the $ 323 million in tax revenue Cuomo's own budget folks predicted the state would forgo over three years and all future costs as well.

As part of last year's budget, Cuomo and the New York State Legislature said future information would be made public.

Michael Fallon told Good Morning Britain the MoD was able to «invest in the future» because Philip Hammond had «spent nearly four years» working on the armed forces budget.

Michael Fallon told Good Morning Britain the Ministry of Defence was able to «invest in the future» because Philip Hammond - the new Foreign Secretary - had «spent nearly four years» working on the department's budget.

Includes Next Generation NY Job Linkage Incentive Fund, and provides that for the 2013 - 14 community college fiscal year, programs that confer a credit - bearing certificate, an AAS or AOS shall demonstrate that they are preparing students for current and future job opportunities by partnering with employers (note: there is no wording directly linking aid to such partnerships, as there was in the original executive budget).

[10][14] Key parts of his plans are for «governors to identify plans to erase budget deficits in future years,» to cap state debt, and to require excess surplusses to be deposited into the «rainy day fund».

«While the FY2015 budget does not now contain a projected surplus to help lower these out - year gaps, the city must manage FY2015 in a way that builds up a surplus and creates recurring savings for future years,» he noted in his testimony.

«Since 1978 this process has been an efficient and successful management tool to keep current year and future budgets balanced,» Sommer said.

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.

The Welsh Liberal Democrats have announced today that they have secured a # 223m two year budget deal that prioritises the futures of our children and young people, and helps to ensure opportunity for all from cradle to college.

The Division of Budget estimates future surplus to range from $ 533 million in the next fiscal year, then declined to $ 114 million and finally increasing to $ 949 million in the 2019 - 20 fiscal year.