Not exact matches
Reacting to the report, Highways Term Maintenance Association chief executive George Lee said: «This year's ALARM survey
makes for very interesting and possibly surprising reading, as it seems to indicate a significant turnaround from previous surveys with a 10 year high in maintenance budgets, the budget
shortfall dropping and the critical «catch
up cost» dropping by # 2.7 Bn.
Towns, cities, counties and other local governments will see another year of sharply rising pension
costs to
make up for the previous
shortfalls created by the recession.
Schools in Stoke - on - Trent,
for instance, have taken on extra PFI
costs to
make up repayment
shortfalls.
Here, excess fees have three valid purposes: to pay
for indirect PTO
costs, like employee retirement benefits, which are currently funded through the general treasury; to
make up for future
shortfalls in the event that PTO
costs outpace the fees generated; and to deter undesirable patent applicants, like inventors who are only trying to kneecap their competition.