Sentences with phrase «general reserve»

Love and adoration had nothing to do with the decision - making processes, and romance was general reserved for discreet meetings outside of marriages.

While that is true, said Maria Doulis, vice president of the Citizens Budget Commission, the city's $ 1 billion in general reserves has not increased over last year's budget.

The money to do this comes from the increase in the Weighted Public Unit or WPU — which is set by the state legislature every year along with general reserves from the Maintenance and Operation Fund.

Even after the agreement, out - year budget gaps and debt service remain well below historical averages, and the City's annual general reserves are more robust than in any previous administration.

The city general reserve is at $ 1 billion, far higher than past levels, and there are other savings set aside for the city's capital plan ($ 500 million) and retiree health benefits ($ 4 billion).

That's part of why Doulis wants to see a PEG from de Blasio to boost general reserves, which can be tapped during recession.

It contributes significant revenues to the City's general reserves while successfully meeting its mandate to provide safe, attractive, conveniently located and competitively priced off and on - street public parking, required by commercial strips and neighbouring residential areas to survive.

(The latter of which would «eclipse the surplus along with the funds set aside in the retiree health benefits trust and the budget's general reserve.»)

It also intends to bring its pension trust funds to $ 4 billion and to baseline $ 250 million for its general reserve for each of the next four years.

It's stashing another $ 1 billion in a general reserve and $ 500 million to provide additional security for the city's capital plan.

But the budget was also notable for what was not included — mainly, the City Council Fair Fares plan, which would provide reduce priced MetroCards for low - income New Yorkers, a $ 400 million property tax rebate and an increase in the general reserve fund.

The preliminary budget includes $ 5.5 billion in reserves, including $ 1 billion in the general reserve, $ 250 million in the Capital Stabilization Reserve, and $ 4.25 billion in the Retiree Health Benefits Trust Fund.

The Mayor has increased the city's reserves by rescinding plans from the prior administration to transfer $ 1 billion from the Retiree Health Benefits Trust into the operating budget, and by doubling the general reserve to $ 600 million.

The preliminary plan allocates $ 3.4 billion for the retiree health benefits reserve, $ 1 billion to the city's general reserve or «rainy day fund,» and $ 500 million in capital reserves, a new reserve fund de Blasio created in last year's budget.

The MTA keeps an average of $ 155 million — 1 % of how much the agency spends — annually in a general reserve.

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The general office performs the function of co-ordination of various departments and as such, it acts as a general reserve to assist the activities of other departments.

Members of the Board of Directors are elected by their local associations and are responsible for amending the association's bylaws, electing officers, approving expenditures from general reserves that exceed 10 % of the annual budget, approving the association's strategic plan, approving an increase in membership dues, and defining regional boundaries.