New York is facing one of
its largest budget shortfalls in nearly a decade this year, and deficits in coming years will get larger and larger — making life more challenging for lawmakers and Gov. Andrew Cuomo.
States disproportionately relied on spending cuts to close
their large budget shortfalls after the recession hit, rather than a more balanced mix of spending cuts and revenue increases.
Not exact matches
Conversely, Ontario, which has by far the
largest deficit and debt, managed at least to keep its fiscal
shortfall below what it said it would be in its 2012
budget, at nearly $ 12 billion rather than nearly $ 15 billion).
However, when one adjusts for the impact of the Canadian Commercial Corporations, there is a
large shortfall from the March 2010
Budget projections, amounting to $ 3.2 billion in 2012 - 13, which is not adequately explained.
And while unpaid meal debt is a
large factor in
budget shortfall, it may not even be the
largest.
Morgan Stanley expects the British
budget shortfall to earn the dubious distinction as Europe's
largest in 2013 - 14, surpassing even the deficit in troubled Greece.»
Onondaga County's second
largest school district is dealing with yet another
budget shortfall, and that likely will mean another round of staff layoffs.
On May 6, 2003, for example, the Governor issued a press release with the following lead paragraph: «Governor George E. Pataki today announced that the fiscally irresponsible
budget passed by the State Legislature will harm New Yorkers by imposing the
largest tax increase in the history of the State — a tax increase that will lead to massive job losses and a projected $ 13 billion
budget shortfall in the upcoming two years.»
This is due in
large part to
budget shortfalls, which have been felt nationwide as well; according to the Empire Center for New York State Policy, a conservative policy group, property taxes would need to climb 3.5 percent to account for other costs.
Budgetary
shortfalls, school district bankruptcies, teacher and administrator layoffs, hiring and salary freezes, pension system defaults, shorter school years, ever -
larger classes, faculty furloughs, fewer course electives, reduced field trips, foregone or curtailed athletics, outdated textbooks, teachers having to make do with fewer supplies, cuts in school maintenance, and other tales of fiscal woe inevitably captivate the news media, particularly during the late - spring and summer
budget and appropriations seasons.
The Eugene district and others in Oregon have faced continuing
budget shortfalls that resulted in shorter school years,
larger class sizes and weakened support systems.
The vote was unanimous, with absolutely no discussion of how to make existing charter schools accountable for their activities or the fact that Connecticut's public schools are underfunded and additional funding will not be forthcoming anytime soon since Malloy's fiscal strategies have left the state facing a
large budget deficit this year and a massive $ 1.4 billion
budget shortfall next year.
With recent tax policy changes creating
large national deficits and states facing persistent
budget shortfalls, finding ways to pay for new policies is always difficult.93 Below is a list of some creative ways to fund the ideas listed in the previous sections.
If your mortgage
shortfall debt is
large, and your
budget shows that you can only afford very small payments, or none, tell your lender.
And as our state legislators scramble to find the money to close the
large K - 12
budget shortfall and best support Wyoming children and families, there is something that our federal legislators — especially Senators Mike Enzi and John Barrasso — can do now to make sure our families are healthy and strong: support home visiting.