Not exact matches
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of
new and maturing programs; 2) our ability to perform our obligations under our
new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on
new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we
operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional
capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
Melinda Gates told The
New Yorker men who «demean, degrade, or disrespect women» have been able to
operate in industries like tech and venture
capital, and that «the asymmetry of power is ripe for abuse.»
They are currently trying to raise $ 20 million for the project; the money will go to one - time
capital grants for 15
new centres (to build kitchens, gardens and activity rooms) as well as annual $ 350,000
operating grants.
WALINI, Indonesia — Indonesia broke ground Thursday on a
new rail line between the
capital Jakarta and Bandung, officially marking the start of three years of construction on what is expected to be the first high - speed rail service to
operate in Southeast Asia.
Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins
operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and
new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and
capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our
capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9)
new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins
operate, including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange rates in the near term and beyond; (16) the effect of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins
operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.
Equally intimidating is the notion of raising
capital: The Teaneck,
New Jersey firm has
operated for 17 years with little reliance on outside sources.
Although
operating in a small city has its disadvantages, most obviously, less access to venture
capital than you would find in urban centers like
New York City, Boston, or San Francisco, analysts point out that there are still major benefits.
These risks include, in no particular order, the following: the trends toward more high - definition, on - demand and anytime, anywhere video will not continue to develop at its current pace or will expire; the possibility that our products will not generate sales that are commensurate with our expectations or that our cost of revenue or
operating expenses may exceed our expectations; the mix of products and services sold in various geographies and the effect it has on gross margins; delays or decreases in
capital spending in the cable, satellite, telco, broadcast and media industries; customer concentration and consolidation; the impact of general economic conditions on our sales and operations; our ability to develop
new and enhanced products in a timely manner and market acceptance of our
new or existing products; losses of one or more key customers; risks associated with our international operations; exchange rate fluctuations of the currencies in which we conduct business; risks associated with our CableOS ™ and VOS ™ product solutions; dependence on market acceptance of various types of broadband services, on the adoption of
new broadband technologies and on broadband industry trends; inventory management; the lack of timely availability of parts or raw materials necessary to produce our products; the impact of increases in the prices of raw materials and oil; the effect of competition, on both revenue and gross margins; difficulties associated with rapid technological changes in our markets; risks associated with unpredictable sales cycles; our dependence on contract manufacturers and sole or limited source suppliers; and the effect on our business of natural disasters.
The RSA provides for the reduction of approximately $ 700 million of Remington's consolidated outstanding indebtedness and the contribution of $ 145 million of
new capital into Remington's
operating subsidiaries, markedly strengthening the Company's consolidated liquidity, balance sheet, and long - term competitiveness.
Suki, a company that has built and tested a voice -
operated digital assistant for physicians, has raised a
new round of
capital, an...
Renewable Properties, a team of experienced renewable energy professionals with development and investment capabilities throughout the U.S., today announced the closing of a
new $ 12.5 million capital commitment from New Energy Capital Partners to develop, finance, and operate solar energy... Continue readin
new $ 12.5 million
capital commitment from New Energy Capital Partners to develop, finance, and operate solar energy... Continue re
capital commitment from
New Energy Capital Partners to develop, finance, and operate solar energy... Continue readin
New Energy
Capital Partners to develop, finance, and operate solar energy... Continue re
Capital Partners to develop, finance, and
operate solar energy... Continue reading →
Blockchain startup Wyre has just raised
new venture
capital funding and is now claiming to
operate the fastest cross-border blockchain payments network.
Renewable Properties, a team of experienced renewable energy professionals with development and investment capabilities throughout the U.S., today announced the closing of a
new $ 12.5 million capital commitment from New Energy Capital Partners to develop, finance, and operate solar energy projects for utilities, local governments and large commercial entiti
new $ 12.5 million
capital commitment from New Energy Capital Partners to develop, finance, and operate solar energy projects for utilities, local governments and large commercial en
capital commitment from
New Energy Capital Partners to develop, finance, and operate solar energy projects for utilities, local governments and large commercial entiti
New Energy
Capital Partners to develop, finance, and operate solar energy projects for utilities, local governments and large commercial en
Capital Partners to develop, finance, and
operate solar energy projects for utilities, local governments and large commercial entities.
Budget 2018 - 19 commits $ 1.6 billion (both
operating and
capital) to housing investments over three years, including 19,000 affordable units, 5,000
new student housing beds at public post-secondary institutions, and 2,500 supportive housing units.
The two
new board members are Mark Holdsworth,
operating partner and co-founder of Tennenbaum
Capital Partners, a Los Angeles - based private investment firm with approximately $ 6.5 billion of capital under management, and Peter Lacey, founder and chairman of Cervus Equipment Corporation, a Canadian public company with 2015 sales exceeding $ 1.1 b
Capital Partners, a Los Angeles - based private investment firm with approximately $ 6.5 billion of
capital under management, and Peter Lacey, founder and chairman of Cervus Equipment Corporation, a Canadian public company with 2015 sales exceeding $ 1.1 b
capital under management, and Peter Lacey, founder and chairman of Cervus Equipment Corporation, a Canadian public company with 2015 sales exceeding $ 1.1 billion.
Given the absence of a public trading market of our common stock, and in accordance with the American Institute of Certified Public Accountants Accounting and Valuation Guide, Valuation of Privately - Held Company Equity Securities Issued as Compensation, our board of directors exercised reasonable judgment and considered numerous and subjective factors to determine the best estimate of fair value of our common stock, including independent third - party valuations of our common stock; the prices at which we sold shares of our convertible preferred stock to outside investors in arms - length transactions; the rights, preferences, and privileges of our convertible preferred stock relative to those of our common stock; our
operating results, financial position, and
capital resources; current business conditions and projections; the lack of marketability of our common stock; the hiring of key personnel and the experience of our management; the introduction of
new products; our stage of development and material risks related to our business; the fact that the option grants involve illiquid securities in a private company; the likelihood of achieving a liquidity event, such as an initial public offering or a sale of our company given the prevailing market conditions and the nature and history of our business; industry trends and competitive environment; trends in consumer spending, including consumer confidence; and overall economic indicators, including gross domestic product, employment, inflation and interest rates, and the general economic outlook.
«Not only do small business owners report that the
operating environment for their businesses will be better in 2017 than it was in 2016, but business owners are anticipating growth for their businesses in the
new year as more plan to increase their
capital spending, add staff and apply for credit.»
But according to a
new report from Loop
Capital analyst Rick Paterson, focusing on
operating ratio will only take a railroad stock so far.
Financial data and intelligence companies often turn to sovereign and other institutional investors to increase their
capital investments so they can provide
new products in the fast - changing markets in which they
operate.
In addition, Athene executives appear skilled at growing the company from within and hunting down
new sources of
capital from institutional investors to pay for
operating expenses, A.M. Best analysts also said.
If you have only been following this blog within the past month or two, or have become a
new subscriber to our Wagner Daily stock newsletter within the same period, you have only seen us
operate primarily in «
capital preservation mode,» where we enter all
new trades with both reduced share size and tight stops.
New Energy
Capital Cleantech Infrastructure Fund invests in, owns and
operates renewable energy, energy efficiency, waste recycling, and distributed generation projects and companies.
Return on Invested
Capital (ROIC): Function of
Operating Earnings and Net
New Investment,
Capital Expenditures (Positive)
Revenue might be down, but so are
operating expenses (no sense in committing
capital costs to drilling
new wells when the existing ones are still producing.)
Growth depends on a company's ability to generate a steady flow of working
capital to meet current overhead and
operating expenses, while providing the money needed to take advantage of
new expansion opportunities.
Examples of these risks, uncertainties and other factors include, but are not limited to the impact of: adverse general economic and related factors, such as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel prices, declines in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; adverse events impacting the security of travel, such as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; the risks and increased costs associated with
operating internationally; our expansion into and investments in
new markets; breaches in data security or other disturbances to our information technology and other networks; the spread of epidemics and viral outbreaks; adverse incidents involving cruise ships; changes in fuel prices and / or other cruise
operating costs; any impairment of our tradenames or goodwill; our hedging strategies; our inability to obtain adequate insurance coverage; our substantial indebtedness, including the ability to raise additional
capital to fund our operations, and to generate the necessary amount of cash to service our existing debt; restrictions in the agreements governing our indebtedness that limit our flexibility in
operating our business; the significant portion of our assets pledged as collateral under our existing debt agreements and the ability of our creditors to accelerate the repayment of our indebtedness; volatility and disruptions in the global credit and financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and
new ship progress payment guarantees; fluctuations in foreign currency exchange rates; overcapacity in key markets or globally; our inability to recruit or retain qualified personnel or the loss of key personnel; future changes relating to how external distribution channels sell and market our cruises; our reliance on third parties to provide hotel management services to certain ships and certain other services; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; future increases in the price of, or major changes or reduction in, commercial airline services; seasonal variations in passenger fare rates and occupancy levels at different times of the year; our ability to keep pace with developments in technology; amendments to our collective bargaining agreements for crew members and other employee relation issues; the continued availability of attractive port destinations; pending or threatened litigation, investigations and enforcement actions; changes involving the tax and environmental regulatory regimes in which we
operate; and other factors set forth under «Risk Factors» in our most recently filed Annual Report on Form 10 - K and subsequent filings by the Company with the Securities and Exchange Commission.
Seek significant support from corporations, foundations, and individuals through donations and sponsorships, and manage and grow
new and continuing campaigns and an active endowment fund in support of our
operating and
capital improvement needs.
API
New York BlueRock Energy Buffalo Niagara Partnership
Capital Region Chamber of Commerce Central Hudson Chautauqua County Chamber of Commerce Chemung County Chamber of Commerce Constitution Pipeline Cortland County Chamber of Commerce D.A. Collins Delaware Engineering Dominion Energy Eastern NY District Council of Laborers Energy Coalition
New York Energy Equipment and Infrastructure Alliance EnergyMark, LLC Engineers Labor - Employer Cooperative (ELEC 825) General Contractors Association of NY Hudson Valley Building & Construction Trades Council Independent Oil & Gas Association of NY (IOGA - NY) Independent Power Producers of NY (IPPNY) International Union of
Operating Engineers Local 825 (IOUE 825) Iroquois IUOE Local 825 Joint Landowners Coalition Laborers District Council of Eastern NY Laborers Local 17 LECET Fund Manufacturers Association of the Southern Tier Millennium Pipeline National Fuel Gas Company National Federation of Independent Business North Country Chamber of Commerce NYS Building & Construction Trades Council NYS Conference of the International Union of
Operating Engineers NYS Economic Development Council NYS LECET Fund (Laborers - Employers Cooperation & Education Trust) Orange County Partnership Otsego County IDA Penn - York Land Services Corp..
New spending on schools includes $ 107 million in
capital and
operating funds to provide all schools with gyms or other physical education facilities and more than $ 10 million to offer more students free lunches.
Lhota and Cuomo have pressured de Blasio to split the $ 836 million price tag — a mix of
new capital and
operating funds — but the mayor has insisted that he would not give the MTA more city dollars until the agency spent its money more wisely.
Inc. • Ambient Environmnental, Inc. • API
New York • BlueRock Energy • Buffalo Niagara Partnership •
Capital Region Chamber of Commerce • Central Hudson • Chautauqua County Chamber of Commerce • Chemung County Chamber of Commerce • Constitution Pipeline • Cortland County Chamber of Commerce • D.A. Collins • Delaware Engineering • Dominion Energy • Eastern NY District Council of Laborers • Energy Coalition of
New York • Energy Equipment and Infrastructure Alliance • EnergyMark, LLC • Engineers Labor - Employer Cooperative (ELEC 825) • General Contractors Association of NY • Hudson Valley Building & Construction Trades Council • Independent Oil & Gas Association of NY (IOGA - NY) • Independent Power Producers of NY (IPPNY) • International Union of
Operating Engineers Local 825 (IOUE 825) • Iroquois • IUOE Local 825 • Joint Landowners Coalition • Laborers District Council of Eastern NY • Laborers Local 17 LECET Fund • Manufacturers Association of the Southern Tier • Millennium Pipeline • National Fuel Gas Company • National Federation of Independent Business • North Country Chamber of Commerce • NYS Building & Construction Trades Council • NYS Conference of the International Union of
Operating Engineers • NYS Economic Development Council • NYS LECET Fund (Laborers - Employers Cooperation & Education Trust) • Orange County Partnership • Otsego County IDA • Penn - York Land Services Corp. • Unshackle Upstate • Upstate
New York Laborers District Council • U.S Chamber of Commerce's Institute for 21st Century Energy • USA Compression • Williams Pipeline.
Glick told POLITICO
New York it was «very nice» that the governor is «tacking to the left on college affordability,» adding, «whether the governor has any intention of being more generous to the public systems in terms of
operating costs than he's been in the past or
capital support remains to be seen.»
«Last year,
New York policymakers enacted a substantial corporate tax reform package which, once fully phased in, will lower the corporate income tax rate from 7.1 percent to 6.5 percent, eliminate the
capital stock tax, extend net
operating loss carrybacks from two to three years, and remove the carryback cap,» the group wrote.
The proposed tentative
capital budget shall not contain any
capital debt for the purpose of paying salaries, utilities, supplies or other recurring
operating expenses, unless authorized under
New York State Law.
The Tory MP pointed to the
operating costs at Gatwick and said he had been given assurances over the
capital cost of building a
new runway.
The state Drinking Water Quality Council, charged with recommending a safe standard for the chemical 1,4 - dioxane, estimated that removing the emerging contaminant could cost water suppliers in
New York billions of dollars in
capital spending and millions more annually to
operate and maintain treatment systems.
Steven R. Swartz, President & CEO, Hearst Corporation James S. Tisch, President & CEO, Loews Corporation Charles Weinstein, Chief Executive Officer, EisnerAmper LLP Christopher J. Williams, Chairman & CEO, The Williams
Capital Group, L.P. Jeffrey S. Wilpon, Senior Executive Vice President & Chief
Operating Officer,
New York Mets Kathryn S. Wylde, President & CEO, Partnership for
New York City Strauss Zelnick, Chief Executive Officer, ZelnickMedia Corporation»
call for a revision of the current formula for setting rates which requires rates to be set to fully cover the cost of
operating the system, the cost of debt service for
capital work and a rental payment to the City of
New York, which is set at 15 % of the debt service,
Under the Leadership of Assembly Speaker Carl E. Heastie, the Assembly Majority fought hard to secure much needed
capital funding for the public housing developments owned and
operated by
New York City House Authority (NYCHA).
«Although
New York City residents contribute the vast bulk of its revenues through fares, tolls, and taxes, the city has relatively little say over the agency and its
operating and
capital priorities,» Shorris wrote.
«City funding of the MTA's
operating and
capital finance needs has been seriously deficient for many years despite the fact that more than 90 percent of the MTA's daily customers are on MTA
New York City Transit subway and bus services, and 80 percent of the MTA's physical infrastructure is in
New York City,» Prendergast wrote in the letter.
At the same time we are dealing with the budget, the County Executive has asked us to consider a complex proposal that would enable Erie County Medical Center to borrow millions of dollars utilizing the county's higher credit rating to make needed
capital improvements, including construction of a
new operating room.
On March 12, the
New York State Assembly amended the state budget bill addressing
capital projects (A9504b) «for services and expenses related to the design and construction on Sheridan Avenue in Albany of a cogeneration plant and microgrid, to
operate on renewable energy, natural gas and / or fuel oil.»
Lawmakers approved $ 385 million for the program in the 2013 - 14 budget, offering support for
capital projects — not one - time
operating subsidies, as member items often were — for a broad variety of purposes like «preserving and protecting infrastructure» or to support «economic development projects... that will create or retain jobs in
New York State.»
Component districts are eligible to receive BOCES
operating aid from
New York State on most administrative,
capital and program expenditures, subject to certain restrictions.
In the wake of a resolution passed this weekend by the Representative Assembly of NYSUT, the UFT will recommend that the city's Teachers» Retirement System (TRS) suspend any
new investments with New Mountain Capital and union - busting Wall Street financier Steven Klinsky, whose Victory Inc. operates charters schools in New York, Pennsylvania and Illino
new investments with
New Mountain Capital and union - busting Wall Street financier Steven Klinsky, whose Victory Inc. operates charters schools in New York, Pennsylvania and Illino
New Mountain
Capital and union - busting Wall Street financier Steven Klinsky, whose Victory Inc.
operates charters schools in
New York, Pennsylvania and Illino
New York, Pennsylvania and Illinois.
City Council Members Brad Lander, Mark Levine, and Jimmy Van Bramer were among those who voiced their support for a $ 22 million increase in
operating funding and $ 100 million of
capital funding to
New York City Public Libraries for restoring and maintaining the buildings.
Helen Meates is a Managing Director at Morgan Stanley and is currently the Chief
Operating Officer for Global
Capital Markets based in
New York.
Despite
operating out of the self - proclaimed «live music
capital of the world,» the SXSW Film Festival continues to grow in scope and importance by providing numerous platforms for unknown up - and - comers and A-listers alike to explore
new storytelling terrain.
It's true that
New York charters get several thousand dollars less in
operating funds per student than the city's district schools do — and, even more important, they do not get separate
capital funding for facilities in Gotham's extremely pricey real - estate market.