Sentences with phrase «hole in the budget of»

The end of the cost - sharing subsidies would open an almost $ 1 billion hole in the budget of the state - operated Essential Plan, an optional benefit under Obamacare that was exercised only by New York and Minnesota.

That lost revenue is punching gaping holes in the budgets of both wealthy and poor nations, according to IMF, while the benefits of the subsidies are flowing disproportionately to the wealthy.

Not exact matches

Military rule will certainly not improve the nation's 8 % - of - GDP budget hole or its 72 % - of - GDP debt load, which is already well beyond the point that pushed Argentina to default on its international debt obligations back in 2001.

The letter goes on to say that Chancellor George's Osborne's proposed emergency budget to plug the» # 30 billion ($ 43 billion) black hole» in the wake of a Brexit was «ludicrous,» and «scaremongering born of desperation.

The White House has yet to spell out how much of a hole the tax cuts could create in the federal budget, maintaining that the resulting economic growth would reduce — if not eliminate — the risk of a soaring deficit.

You've heard of the big black hole in the budget??

Now hes failing horribly with a budget comparable to chelsea's (FFP), straight up ignoring gaping holes in our squad even though he has the finances to fill these holes, failing tactically week in week out and making the same mistakes, playing out of form players, playing players out of position.

A transfer of funds in Cuomo's $ 152.3 billion executive budget proposal could blow a hole in the budget for the NYC Department for the Aging, potentially leading to the closure of dozens of senior centers.

The free schools budget is out of control and the Secretary of State would rather sink another # 800 million into the black hole, rather than rein in spending.»

With Albany looking at another $ 9 billion budget gap to plug next year, the cycle of transit raids blowing a hole in the MTA budget is primed to start all over again.

DiNapoli said there's still a chance that Democrats in Congress, including U.S. Sen. and Democratic Leader Chuck Schumer, may restore the federal health care money before the end of the year, filling the potential new hole in the state budget.

New York is short $ 4.4 billion, and there's uncertainty over federal policies, including the overhaul of the tax code, that could leave the state with even a bigger budget hole in the future.

It appears that vast majority of the new tax will simply be used to shore up holes in the state budget.

Federal officials have reportedly confirmed that they are cutting off a major portion of funding for New York's Essential Plan, opening a roughly $ 1 billion hole in the state budget and raising new doubts about the future of a rapidly growing health insurance option for the working poor.

When Bloomberg came to office in 2002, the city was reeling from the aftershocks of 9/11, and he faced a staggering fiscal hole of nearly $ 5 billion in a budget of $ 42.3 billion.

«Today's announcement by Governor Cuomo is an encouraging first step,» Gianaris said in a statement, «but significant questions remain regarding the source of this new capital funding and the continuing budget hole of several billions of dollars beyond the amount announced today.»

The incoming GOP majority has told the defeated Democratic leadership to cut hundreds of staffers by Jan. 20 to help close a $ 7 million to $ 14 million hole blown in the Senate budget during the Dems» leadership tenure.

«If we didn't do that, first of all, the day after we pass this budget we'd have a $ 15 billion deficit next year, we'd be right back in the hole because these outrageous, unsustainable rates of increase must stop.»

Nassau County Executive Edward Mangano sent out an eight - page full color mailer to Nassau residents last weekend, touting his management of the county, including its finances — as Nassau's financial control board was poised yesterday to order the county to fill a $ 36 million hole in next year's budget.

«Recent state budgets advanced by the Governor and approved by the Legislature have improved the long term picture for counties, but in the short term counties have a deep hole to climb out of.

«As I mentioned before, we have a budget deficit of over $ 20 million next year and that is of great concern to me and I think a great concern to taxpayers here in the city and certainly to our employees and to get ourselves out of that hole we need to do a few things.

By keeping state operations spending growth at 2 percent, the budget hole is closer to $ 1.8 billion.As expected, the governor tucked into the budget non-monetary initiatives, such as new sexual harassment policies, the codification of abortion rights in state law and methods for New York to participate in «early voting,» all of which he touted in his Jan. 3 State of the State address.

The latest version of a plan to repeal and replace the Affordable Care Act is now dead in Congress, but New York Governor Andrew Cuomo remains worried about another potential cut in federal funds to hospitals that he says will blow a hole in the state budget.

What started out as a small, off - budget, temporary surcharge on insurance to help pay for charity care, hospital debt and graduate medical education as New York hospitals deregulated in the late 1990s, has ballooned over 19 years into a multibillion - dollar all - purpose revenue fund that supports dozens of public health programs, and plugs billion - dollar holes in the state's general budget.

After you subtract $ 23 million for the current fiscal year (a number that does not, for the record, fit with state Comptroller Tom DiNapoli's projection of an up to $ 1 billion hole in the current budget), that leaves a two - year General Fund surplus of $ 415 million.

Joining Bloomberg in Albany today will be NYC Council Speaker Christine Quinn and NYC Comptroller John Liu, who according to the WSJ, will testify that Cuomo's budget will increase the city's deficit 58 percent, creating an «immediate» $ 1.4 billion hole on top of an existing shortfall of $ 2.4 billion.

Supporters of continuing the tax — including a number of Assembly Democrats — argue the governor won't be able to cut his way out of such a massive budget hole and could use the revenue ($ 1 billion in the current fiscal year, $ 4 - to - $ 5 billion in the next) generated by the millionaire's tax.

The House GOP plan to repeal and replace Obamacare could cost already cash - strapped NYC hospitals hundreds of millions of dollars and potentially blow a multi-billion dollar hole in future state budgets, officials said.

Bill Hammond: «Federal officials have reportedly confirmed that they are cutting off a major portion of funding for New York's Essential Plan, opening a roughly $ 1 billion hole in the state budget and raising new doubts about the future of a rapidly growing health insurance option for the working poor.»

The budget passed earlier in the year had contained a hole of nearly $ 900 million, and a shortfall of well over $ 3 billion was looming for the fiscal year set to start on April 1.

«Obviously we're a big part of the state and whenever there is a big hole in the state budget that needs to be filled, we can feel that pinch,» said Freddi Goldstein, a spokeswoman for Mayor Bill de Blasio.

The government said in January it had found a $ 1.6 bn «hole» in the budget as a result of previously undisclosed expenditures.

And while I sympathize with his frustrations regarding «the holes in his roads and in the county budget», for most in the community know that I, as a minority legislator, have been one of the most prominent voices in county government trying to stop financial missteps over the past few years.

The Assembly approved it in November of that year in a special session to plug a $ 315 million budget hole.

Business groups are questioning the Wisconsin Department of Transportation's plan to plug a looming $ 680 million hole in the state's road budget.

Poloncarz says members of the minority caucus are too afraid to cut programs and too afraid to raise taxes so, he says, «They're making false cuts, irresponsible cuts on paper,» which will create an $ 8.5 million hole in his budget.

State Senator Neil Breslin appeared with Assembly members Pat Fahy and John McDonald, in a show of support for Mayor Sheehan, who implored all city residents, state workers and politicians to blitz state lawmakers in a fund drive of epic proportions to not only land the $ 12.5 million to plug the hole in Albany's budget, but also fix funding formulas so the mayor never needs to pick the tin cup again.

That may be enough to cover the cost of the new bridge over time, but it also leaves a hole in the Thruway budget.

A state - funded capital construction program added on as a patch in the state budget to offset that hole in the waiver is a start, but it's just $ 1.2 billion, spread over seven years, and there are a lot of institutions in competition for a piece of it, Hannon said.

Of the proposal to create special tax districts on developments near transit expansions, an idea known as value capture, Mr. de Blasio said such a move would «blow a hole in the city's budget» and allow the state to raid the city's property tax revenue, forcing him to cut back on vital services such as education or public safety.

ALBANY — If the state is going to kick in to plug a hole in the city of Albany's budget, so too should the city's nonprofit institutions.

«It would blow a massive hole in the city budget and take control of the NYPD from [Police Commissioner] Ray Kelly and give it to judges — which would cause crime to skyrocket,» Vallone, who has not taken a position on the other bills, added.

A transfer of funds in Gov. Andrew Cuomo's $ 152.3 billion executive budget proposal could blow a hole in the budget for the city Department for the Aging, potentially leading to the closure of dozens of senior centers.

This half a billion pound black hole in the education budget means that schools will be further out of pocket as a result.»

The real loser may be DiNapoli who will certify the budget is in balance on the day it ia passed, but 60 days out, at the start of the campaign season, we'll be another 2 - 3 billion in the hole and he will be tagged a shill for Shelly.

New York finally got some good news from Congress on Wednesday when the Senate pushed forward $ 2.6 billion in aid for the state, after two months of lost votes on the issue threatened to blow big holes in local and state budgets.

In a statement, County Legislator Lyndon Williams of Mount Vernon says that the budget hole has a lot to do with defunding many of the programs residents came out to support and the speculative revenue projections.

ALBANY — For months, the state has been sounding the alarms on how the repeal of the Affordable Care Act would blow a huge hole in the state budget.

Governor Cuomo has warned for months that the proposed repeal of the ACA would blow a multi-billion dollar hole in the state budget, and potentially cost state and local governments and New York's hospitals $ 4.5 billion.

And the governor said he is not concerned at this point about some claims that President Trump's efforts to reform the federal Affordable Care Act will blast a major hole in the state's budget because of a change in federal reimbursement formulas.