Sentences with phrase «future surpluses»

It's now been replaced with a chart showing how much future surplus there could be, if spending growth is limited to 2 % or less.

Cuomo has focused his rhetoric and announcements this week on the promise of future surpluses, but hasn't mentioned one thing: the state will have to cut billions from existing programs to make them happen.

However, he destructively links this relief to local compliance with a misguided property tax cap, and he funds the needed tax relief with future surpluses predicated on billions of unspecified future spending cuts that will be required by his self - imposed two percent state spending cap.

However, achieving future surpluses depends on continued economic growth and limitations in overall state spending, neither of which is guaranteed.

The CFE saga is just one of many reasons why Cuomo should drop his plan to bribe voters in 2014 with check from an alleged FUTURE surplus.

The credit will be phase in over the next four years, the official said, and would be paid for using future surpluses, which the state's budget division projects will be $ 2 billion by 2016.

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.

This means that future surpluses will be severely constrained, not just for your government, but also for any future government.

At the same time, the spending plan — and those future surpluses Gov. Andrew Cuomo is projecting — hinge on vaguely savings programs over the coming years.

Cuomo's second tax commission, which was co-chaired by former governor George Pataki, recommended a property tax freeze, but also stated that «some commission members favor setting aside any future surplus to help ensure the 6.85 [top income tax] rate is restored in 2018.»

Other transactions New York - based Excess Space Disposition Inc. has been retained by Woonsocket, R.I. - based CVS to dispose of the company's surplus portfolio, as well as all future surplus that may become available as a result of relocation.