Sentences with phrase «new state fiscal year»

Sunday is the start of a new state fiscal year and the deadline for a new budget.

(WBEN / AP) Legislators hope to approve a new state spending plan by Saturday, the first day of the new state fiscal year, but at least one local lawmaker is raising caution that the state could return to the days of state budgets not routinely passed on time.

The new state fiscal year begins April 1.

Lawmakers passed a budget just ahead of a critical deadline on Sunday, when a new state fiscal year begins.

Not exact matches

Actual results, including with respect to our targets and prospects, could differ materially due to a number of factors, including the risk that we may not obtain sufficient orders to achieve our targeted revenues; price competition in key markets; the risk that we or our channel partners are not able to develop and expand customer bases and accurately anticipate demand from end customers, which can result in increased inventory and reduced orders as we experience wide fluctuations in supply and demand; the risk that our commercial Lighting Products results will continue to suffer if new issues arise regarding issues related to product quality for this business; the risk that we may experience production difficulties that preclude us from shipping sufficient quantities to meet customer orders or that result in higher production costs and lower margins; our ability to lower costs; the risk that our results will suffer if we are unable to balance fluctuations in customer demand and capacity, including bringing on additional capacity on a timely basis to meet customer demand; the risk that longer manufacturing lead times may cause customers to fulfill their orders with a competitor's products instead; the risk that the economic and political uncertainty caused by the proposed tariffs by the United States on Chinese goods, and any corresponding Chinese tariffs in response, may negatively impact demand for our products; product mix; risks associated with the ramp - up of production of our new products, and our entry into new business channels different from those in which we have historically operated; the risk that customers do not maintain their favorable perception of our brand and products, resulting in lower demand for our products; the risk that our products fail to perform or fail to meet customer requirements or expectations, resulting in significant additional costs, including costs associated with warranty returns or the potential recall of our products; ongoing uncertainty in global economic conditions, infrastructure development or customer demand that could negatively affect product demand, collectability of receivables and other related matters as consumers and businesses may defer purchases or payments, or default on payments; risks resulting from the concentration of our business among few customers, including the risk that customers may reduce or cancel orders or fail to honor purchase commitments; the risk that we are not able to enter into acceptable contractual arrangements with the significant customers of the acquired Infineon RF Power business or otherwise not fully realize anticipated benefits of the transaction; the risk that retail customers may alter promotional pricing, increase promotion of a competitor's products over our products or reduce their inventory levels, all of which could negatively affect product demand; the risk that our investments may experience periods of significant stock price volatility causing us to recognize fair value losses on our investment; the risk posed by managing an increasingly complex supply chain that has the ability to supply a sufficient quantity of raw materials, subsystems and finished products with the required specifications and quality; the risk we may be required to record a significant charge to earnings if our goodwill or amortizable assets become impaired; risks relating to confidential information theft or misuse, including through cyber-attacks or cyber intrusion; our ability to complete development and commercialization of products under development, such as our pipeline of Wolfspeed products, improved LED chips, LED components, and LED lighting products risks related to our multi-year warranty periods for LED lighting products; risks associated with acquisitions, divestitures, joint ventures or investments generally; the rapid development of new technology and competing products that may impair demand or render our products obsolete; the potential lack of customer acceptance for our products; risks associated with ongoing litigation; and other factors discussed in our filings with the Securities and Exchange Commission (SEC), including our report on Form 10 - K for the fiscal year ended June 25, 2017, and subsequent reports filed with the SEC.

The National Conference of State Legislatures says nearly a dozen states still had not enacted budgets for the new fiscal year as of mid-June.

Any budget must receive two - thirds support from the Democrat - controlled state legislature, meaning the Republican governor has plenty of negotiating to do before July 1, when the new fiscal year begins.

In the next fiscal year, New Jersey's pension system will reach a «tipping point» to where it will pay more for retiree health premiums than active employees, a first in the state's history and «unsustainable,» the governor said.

The development most certainly means there will be no budget in place by the start of the state's fiscal year as the Legislature remains divided on the key issue of raising the age of criminal responsibility in New York 18.

New York's overall school property tax levy — or the amount raised locally for the state's 669 school districts — is proposed at approximately $ 21 billion this coming fiscal year, compared to $ 20.7 billion in the 2015 - 16 year.

The 2017 legislative session saw the first budget to be approved after the start of the state's fiscal year since 2010 and ended without an agreement on re-authorizing mayoral control of New York City schools.

Case in point: New York state, where Comptroller Thomas DiNapoli announced last week that the $ 178 billion state and local pension fund ended its fiscal year March 31 with a minuscule return on assets of 0.19 percent, well short of its 7 percent long - term target.

ALBANY, NY (04/04/2016)(readMedia)-- The New York Public Transit Association (NYPTA) is thanking Governor Andrew Cuomo, Senator Majority Leader John Flanagan, Speaker Carl Heastie and members of the Legislature today for their keen recognition of the needs of transit systems across New York in the adopted state budget for fiscal year 2016 - 2017.

Yesterday marked the end of a second straight sub-par fiscal year for most of the nation's state and local public pension funds, including all five New York City funds and the New York State Teachers» Retirement System (NYSstate and local public pension funds, including all five New York City funds and the New York State Teachers» Retirement System (NYSState Teachers» Retirement System (NYSTRS).

The order calls for the creation of a new Medicaid Redesign Team to find ways to save money within the Medicaid program for the Governor's upcoming state budget proposal for the 2011 - 12 Fiscal Year.

Testimony of RuthAnne Visnauskas Commissioner / CEO of New York State Homes and Community Renewal Joint Budget Hearing of the Legislative Fiscal Committees on the Housing Budget for Fiscal Year 2018 - 19

The LIA letter, sent last month, comes as the younger Cuomo and the legislature negotiate a new state budget for the fiscal year that begins April 1.

Governor Andrew Cuomo's questionable plan for allocating $ 5.4 billion in windfall cash * has survived, almost intact, in the agreed - upon New York State budget for the 2016 fiscal year, which starts April 1.

Prior to last week's agreement, New York State was set to spend $ 1.2 billion on two other rebate programs this fiscal year.

Much the same can be said of the Common Retirement Fund, which feeds the New York State and Local Retirement System (NYSLRS), which ended its 2016 fiscal year on March 31 with essentially no gain at all.

Democrat Thomas DiNapoli (dee - NAP» - oh - lee) announced Thursday that the New York State Common Retirement Fund had an estimated value of $ 206.9 billion as of March 31, the end of the last fiscal year.

According to state Comptroller Thomas DiNapoli, almost 300 local governments in New York ended one of the last two fiscal years with a deficit, 100 lack enough cash to pay even three - quarters of their liabilities, and 27 have depleted their rainy - day reserves.

With New York's economic condition an election - year issue, Cuomo claims the state reversed its decline in the last four years through tough choices and fiscal discipline.

The gaps in the New York State budget, for the current year and the new fiscal year, are wideniNew York State budget, for the current year and the new fiscal year, are wideninew fiscal year, are widening.

The new fiscal year began today for the State of New York, and for the first time under Governor Andrew Cuomo's leadership, the state budget will be lanew fiscal year began today for the State of New York, and for the first time under Governor Andrew Cuomo's leadership, the state budget will be State of New York, and for the first time under Governor Andrew Cuomo's leadership, the state budget will be laNew York, and for the first time under Governor Andrew Cuomo's leadership, the state budget will be state budget will be late.

New York State does not have a revenue problem, Adams said, pointing to data from the state's Division of the Budget showing that total state tax receipts are up $ 2.2 billion this fiscal year and will grow another $ 2.4 billion in 2008 - 09 without any change in our tax code or regulatory State does not have a revenue problem, Adams said, pointing to data from the state's Division of the Budget showing that total state tax receipts are up $ 2.2 billion this fiscal year and will grow another $ 2.4 billion in 2008 - 09 without any change in our tax code or regulatory state's Division of the Budget showing that total state tax receipts are up $ 2.2 billion this fiscal year and will grow another $ 2.4 billion in 2008 - 09 without any change in our tax code or regulatory state tax receipts are up $ 2.2 billion this fiscal year and will grow another $ 2.4 billion in 2008 - 09 without any change in our tax code or regulatory fees.

In reality, prior to the new spending, New York State faced out - year budget gaps that grow from $ 2.0 billion next year to $ 4.2 billion in fiscal year 2018 - 201new spending, New York State faced out - year budget gaps that grow from $ 2.0 billion next year to $ 4.2 billion in fiscal year 2018 - 201New York State faced out - year budget gaps that grow from $ 2.0 billion next year to $ 4.2 billion in fiscal year 2018 - 2019.4

Testimony of James S. Rubin Commissioner / CEO of New York State Homes and Community Renewal Joint Budget Hearing of the Legislative Fiscal Committees on the Housing Budget for Fiscal Year 2016 - 17

The order calls for the creation of a new Medicaid Redesign Team to find ways to save money within the Medicaid program for the upcoming state budget for the 2011 - 12 Fiscal Year.

In the fiscal plan for the year ahead, state operating funds will grow by 2 %, which is within the rate of inflation and far below the alarmingly high 4.6 % rate of growth reflected in New York City's preliminary budget.

The New York State Association Of Counties released its to - do list of budget priorities for the coming fiscal year, with the local government officials backing a variety of measures aimed at easing the burden on municipal - level officials and taxpayers.

New York, obviously, faces a different situation today as the faltering economy has led to a $ 3.5 billion hole in the state budget for the coming 2012 - 13 fiscal year, which begins April 1.

One of the biggest sources of new revenue sources — Cuomo pegged it at $ 500 million in the next fiscal year — is a state tithe on the proposed sale of Fidelis, a health insurance company run by the state's Roman Catholic bishops, to St. Louis - based Centene.

Comptroller DiNapoli announced the findings of «The Prevalence and Cost of Asthma in New York,» a study which revealed that New York State spent $ 532 million in the last fiscal year on asthma - related Medicaid costs.

The budget was due by Saturday, when the state began a new fiscal year.

Frank Mauro, Executive Director of the Fiscal Policy Institute discussed the relevance to this year's Congressional elections of Senator Daniel P. Moynihan's annual reports on New York State and the Federal Fisc.

The Dream Act would allow immigrants in New York to contribute more fully to the state economy, boosting longterm state's $ 1.5 trillion GDP by at least $ 1.8 billion a year, and increasing state and local tax revenues in New York by $ 62 million, according to a report released today by the Fiscal Policy Institute that draws on analyses from the Center for American Progress and... (read more)

In the end, Gov. Andrew Cuomo declared the budget on time, based on the passage of major appropriations bills that keep state government funded into the new fiscal year.

The current 2015 - 16 state budget was approved in the early hours of the new fiscal year, April 1.

«It is interesting to note that on the same day the media is reporting that Governor Cuomo has made limiting retirement benefits for new state and city workers his top priority next year, it has also been announced that the Common Retirement Fund achieved a 14.6 % rate of return for the 2010 - 2011 fiscal year.

Last month, Cuomo launched a $ 20 billion, five - year plan to combat homelessness and advance the construction of affordable housing in New York State — supported by the release of $ 2.5 billion in capital funding delivered in the fiscal year 2018 budget, which he said will establish and preserve more than 110,000 units of affordable and 6,000 units of supportive housing over the next five years.

There is reason to be skeptical that New York will run a multi-billion dollar surpluses in the coming fiscal years, according to a preliminary report on the 2014 - 15 state budget released on Monday by Comptroller Tom DiNapoli's office.

New York's expected budget gap is growing larger — a more than $ 4 billion deficit heading into the next fiscal year now poses a challenge for Governor Andrew Cuomo and state lawmakers as they prepare to run for re-election.

«I am confident that the 10 percent reduction can be achieved without requiring new closures of state parks or historic site by reevaluating our operations to identify additional efficiencies, eliminating redundancies, and examining how savings from actions taken in the current fiscal year will help in in the next fiscal year,» said Andy Beers, acting commissioner of the Office of Parks Recreation and Historic Preservation, before a joint legislative budget committee this morning.

The state has a $ 4 billion deficit heading into the new fiscal year.

The $ 1.3 billion repayment amounts to roughly 1.5 percent of the state's 2015 fiscal year operating budget and would offset the benefits of the massive cash settlements New York reached with major financial institutions, including BNP Paribas.

Cuomo called his idea to circumvent the new federal law the «New York State Taxpayer Protection Act,» and it would need approval of the state Legislature as part of the budget for the fiscal year that starts Aprilnew federal law the «New York State Taxpayer Protection Act,» and it would need approval of the state Legislature as part of the budget for the fiscal year that starts AprilNew York State Taxpayer Protection Act,» and it would need approval of the state Legislature as part of the budget for the fiscal year that starts AprState Taxpayer Protection Act,» and it would need approval of the state Legislature as part of the budget for the fiscal year that starts Aprstate Legislature as part of the budget for the fiscal year that starts April 1.

· Allowing counties an option to modify how they fund state mandated pension contributions · Providing counties more audit authority in the special education preschool program · Improving government efficiency and streamlining state and local legislative operations by removing the need for counties to pursue home rule legislative requests every two years with the state legislature in order to extend current local sales tax authority · Reducing administrative and reporting requirements for counties under Article 6 public health programs · Reforming the Workers Compensation system · Renewing Binding Arbitration, which is scheduled to sunset in June 2013, with a new definition of «ability to pay» for municipalities under fiscal distress, making it subject to the property tax cap (does not apply to NYC) where «ability to pay» will be defined as no more than 2 percent growth in the contract.

Today, New York State is not facing the fiscal crisis it was six years ago and I support the repeal of the Gap Elimination Adjustment Law to return much - needed funding to schools.

A week before the April 1 start of the state's new fiscal year, Gates and other Seneca representatives notified Cuomo, Dyster and the mayors of Buffalo and Salamanca — where the tribe's three casinos are located — that the Senecas were writing their final casino revenue sharing check.