Sentences with phrase «next state fiscal year»

The governor's executive budget is the opening volley in the back - and - forth with state lawmakers to finalize a budget by April 1, the start of the next state fiscal year.

Not exact matches

Gov. Lincoln Chafee has said the state, which is facing a $ 117 million budget shortfall next fiscal year, can't rely on those lottery winnings — and, of course, no state can.

The budget would expand funding for the military but impose an $ 8.8 billion reduction for the State Department and the US Agency for International Development during the current and next fiscal years — the biggest reduction since the 1990s.

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.

AFRICOM has a fledgling office for security cooperation in the U.S. Embassy in Tripoli, and the State Department's Bureau of Political - Military Affairs maintains a fund for Conventional Weapons Reduction (CWD); though no funds have been allocated for Libya for this fiscal year, or the next.

Governor Paterson believes it's his responsibility to pass a balanced budget on to the next administration, explained Kriss, but since the state's fiscal year doesn't end until March 31, the deficit can remain until then.

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 - 2019.4

De Blasio's spending plan for the next fiscal year includes money from the tax, and without state funding, the mayor would have to reallocate money to enact his signature policy proposal.

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.

Aresimowicz also expressed strong optimism Wednesday that talks with state employee unions will reach a deal on concessions to help close the projected budget gap that is now more than $ 2 billion for the next fiscal year.

Overall, however, the state expects to collect more Medicaid money from Washington in the next fiscal year than in the current one, even as enrollment remains virtually flat.

The governor, who likes to boast of getting budgets adopted before the March 31 end of the fiscal year (which is not required by law), maintained his perfect record of never once meeting the Oct. 30 statutory deadline for filing the latest quarterly financial report, which is supposed to summarize the state's actual financial experience during the first six months of the year and to update projections for the next four years.

«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.

NEXT YEAR (atarting 4/1/2012) is the state fiscal year you can complain about not taxing the rYEAR (atarting 4/1/2012) is the state fiscal year you can complain about not taxing the ryear you can complain about not taxing the rich.

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.

Current projections show the state on average faces potential budget deficits of less than $ 5 billion annually over the next three fiscal years starting in 2017 - 18, which begins April 1.

Key details of the city budget that is agreed upon later this year by Mayor de Blasio and the Council will depend on the next state budget, which is due by the April 1 start of the state fiscal year.

The state is still facing a projected $ 1.5 billion budget shortfall for the next fiscal year that ends on June 30, 2018.

«The state debt for the next fiscal year amounts to roughly $ 2,940 per person.

That plan would cost the state $ 200 million in this budget year and $ 400 million in the next fiscal year, the resolution said.

Lawmakers have plenty to work on in the next few weeks leading up to the start of the state's fiscal year, including whether to pass a minimum wage hike as part of the state budget.

The modification of WCB assessment criteria will eliminate the requirement for the State Insurance Fund to hold reserves for assessments; as a result, the Executive Budget proposes to direct SIF to release $ 1.75 billion in reserves to the state to support its capital plan over the next four fiscal yState Insurance Fund to hold reserves for assessments; as a result, the Executive Budget proposes to direct SIF to release $ 1.75 billion in reserves to the state to support its capital plan over the next four fiscal ystate to support its capital plan over the next four fiscal years.

The state is sending more than $ 2 billion in cost - sharing funds to municipalities in the current fiscal year, and that number would remain the same in each of the next two years under the committee's plan.

(CNN)- Gov. Chris Christie will cut planned pension payments for state employees by almost $ 2.5 billion over the next two fiscal years, the New Jersey Republican announced Tuesday.

«Given the unique structure of the bonds, the State will realize the savings it is due over the next three state fiscal years through the adjustment of sales tax receipts otherwise payable to New York City,» reads the language in the governor's budget proposal unveiled last State will realize the savings it is due over the next three state fiscal years through the adjustment of sales tax receipts otherwise payable to New York City,» reads the language in the governor's budget proposal unveiled last state fiscal years through the adjustment of sales tax receipts otherwise payable to New York City,» reads the language in the governor's budget proposal unveiled last week.

As Gov. Andrew Cuomo presents his budget for the next fiscal year Tuesday, a prospective Republican challenger says legal marijuana is a key way to ease the state's fiscal crisis.

He said he now awaits a plan at the state level that shows a commitment — something he says can still happen before there's a a final budget for next fiscal year.

The state's total debt is expected to rise to $ 71.8 billion over the next four fiscal years.

The state's fiscal picture is worsening, and here are five fiscal issues New Yorkers face next year.

State taxpayers handed over another $ 877 million for the state's pension plan last year, with $ 1.3 billion in seed money expected in the next fiscal State taxpayers handed over another $ 877 million for the state's pension plan last year, with $ 1.3 billion in seed money expected in the next fiscal state's pension plan last year, with $ 1.3 billion in seed money expected in the next fiscal year.

Cuomo said in a statment that passage of the extender «continues all state operations and fully funds our $ 16.4 billion new New York construction and economic development plan for the next complete fiscal year.

Gov. Andrew Cuomo this week proposed a series of new taxes and fees that his budget experts say will raise more than $ 1.035 billion in the next fiscal year, helping to close a growing state budget deficit.

Mayor, Entire City Council Ask for More State Aid By Dan Murphy Next month, Mayor Mike Spano will present his proposed budget for the fiscal year...

«The Institute for Fiscal Studies states that school spending is expected to fall by at least 7 % in real terms in the next four years, the biggest cut since the 1970s.

The new fiscal year started July 1, but Connecticut still does not have a state budget as lawmakers have remained gridlocked while the state faces a $ 3.5 billion deficit over the next two fiscal years.

As the state and federal governments continue to pursue policies that threaten the city's fiscal future, Mayor Bill de Blasio again said he is investing in making New York City the «fairest big city in America» as he proposed spending $ 88.67 billion for the next city fiscal year, which begins July 1.

Crucially, the governor's initial State of the State speech came more than a week before he is due to release his Executive Budget for the next fiscal year, which throws much uncertainty into the mix as to how he proposes to pay for his ambitious proposals and whether the budget will include any surprise announcements.

The state would lose about $ 100,000 in the current fiscal year and about $ 450,000 next year, according to Sen. John Fonfara, D - Hartford.

Financial challenges have been at the forefront of lawmakers» work this session as the state faced a mounting budget deficit that's now projected to be close to $ 1 billion for the next fiscal year that begins on July 1.

«Unfortunately the Legislature's last best offer does not take sufficient action to restore New York state's long - term fiscal stability and does nowhere near enough to address next year's budget deficit,» Paterson said in a statement.

Fiscal watchers are predicting that state budgets will «fall off the funding cliff» next year even while there are some signs of economic recovery from the recession.

Cuomo proposed $ 100 million in the next fiscal year to fund pre-K around the state; de Blasio's tax plan would put $ 530 million on the table this year, $ 340 million of which would go to the Five Boroughs.

Cuomo's counsel Mylan Denerstein said the price tag to the state from the new definition of medical necessity is expected to be roughly $ 25 million, and will be included in the budget for the next fiscal year.

Cuomo has said that he could flip what is currently projected as a $ 1.7 billion deficit for the next fiscal year into a $ 2 billion surplus by 2016, provided he can hold state spending growth to two percent or less.

The most recent state financial plan assumed state operating funds would grow by roughly 4 percent for the next several years, Cuomo's latest budget assumes only half that growth, allowing the administration to project a $ 2.2 billion surplus by the 2016 - 17 fiscal year, according to the briefing book.

As of August 2011, the state legislature had not granted the requested approval for establishing a PBC, and the county had to issue a $ 17.8 million deficiency note for which the taxpayers are liable next fiscal year.

Due to settlements with banks, the state's latest financial plan projects there will be $ 5.1 billion in one - time cash to spend in the next fiscal year, setting off a hurried scramble over who would get what slice of the pie.

As moderator of a two hour discussion on the states» fiscal crisis, I asked each of the governors, many of whom are leaving office early next year.