Sentences with phrase «lost tax revenues due»

CICU's report estimated enrollment losses at more than 100 private colleges and universities statewide would total 54,079 students and result in $ 224 million in lost tax revenues due to job losses at the institutions.

Not exact matches

At the same time, American Racing and Entertainment Chairman Jeff Gural in a statement on Thursday called on the state to give the racetrack a tax break in order to shore up its finances due to the lost revenue.

New York faces a budget deficit of $ 4 billion to $ 8.6 billion and that is before taking into account billions more in revenue that will be lost due the recent federal tax reform package.

They argue that the country loses out on tax revenue based on profits due to transfer pricing and that the revised tax regime would be fairer to the source country.

«The major theme for everybody is taxes, and we have to focus on achieving better PILOT funding,» Santangelo said, referring to «payment in lieu of taxes,» a compensation for revenue lost due to tax exempt property.

Assemblyman Anthony Palumbo (R - New Suffolk) agreed, saying he predicts farm stands and smaller businesses that require seasonal help will lose a majority of their revenue due to income tax increases, requiring them to either hire fewer employees or pay workers off the books.

And it would divert excess money from a new fund designed to compensate municipalities for revenue lost due to changes in the motor vehicle tax, generating $ 94.6 million.

The superintendents cite a study from the fiscal watchdog group the Empire Center, which finds that if just 250 of the highest income New Yorkers leave the state due to the resulting higher taxes, the state could lose $ 500 million in revenue.

This means it covers the direct cost of low - carbon subsidies, energy efficiency and carbon taxes, as well as indirect costs due to strengthening grids, backing up intermittent renewables, compensating conventional generation for lost revenue through the capacity market and savings due to the merit - order effect, which pushes down wholesale electricity prices.

In 2010, the Florida legislature's nonpartisan Office of Program Policy Analysis and Government Accountability estimated that Sunshine State taxpayers saved $ 32.6 million, which is approximately $ 1.44 in state education funding for every dollar lost in corporate income tax revenue due to credits for scholarship contributions.

Indiana has lost millions in tax revenues due to the state tax credit scholarship alone, the Chicago - based Center for Budget and Tax Accountability has reporttax revenues due to the state tax credit scholarship alone, the Chicago - based Center for Budget and Tax Accountability has reporttax credit scholarship alone, the Chicago - based Center for Budget and Tax Accountability has reportTax Accountability has reported.

Impact Aid provides funding to school districts that have lost local tax revenue (which traditionally funds public schools) due to the presence of federal tax - exempt land, such as military installations, Native American reservations, or national parks.

On top of that, the Pew reports that 2010 saw the government lose about $ 80 billion in revenue due to the mortgage tax deduction.

The PBO did not calculate savings or lost revenue due to corporate tax reductions due to what the office said was data limitations.

But the Netherlands, Belgium and Spain have already dropped taxes on air travel, under pressure from the airline lobby, and after the revenues failed to meet predictions due to lost business as travelers made plans to avoid the extra charge.

Best would be to continue the funds that have been granted by Congress to replace the lost revenue due to the virtual end of logging on these federal lands (a portion of revenue paid by the feds to compensate for lost property tax revenue since federal lands aren't subject to state property taxes).