They aren't joking and are very seriously considering ways for schools towns villages cities counties to get around the tax cap so they can raise taxes
instead of balancing their budgets.
As we have indicated, the
achievement of a balanced budget in 2015 - 16 is not an economic or fiscal imperative, although the Government has made it a political imperative.
Sustainable Growth Rate: A mechanism instituted as part
of the Balanced Budget Act of 1997 regarding physician reimbursements, which calls for reductions in future years» reimbursement levels if physician spending exceeds the SGR target.
With the Alberta twist on LOL — lower for longer oil prices — the government has cancelled its earlier
promise of a balanced budget by 2020.
«Instead
of balancing his budget on the backs of poor and working New Yorkers, the governor should explore revenue - generating proposals like a millionaire's tax, and other more equitable across - the - board alternatives.»
On balance, we do not believe that the November 2012 Update fiscal forecast was credible and coupled with the slowdown in economic growth in 2013, the
possibility of a balanced budget for 2015 - 16 is seriously at risk, unless additional significant restraint measures are implemented.
Its key
commitment of balancing the budget in 2015 - 16 is at risk, although Finance officials will be under pressure to come up with innovative ways to show a balanced budget for 2015 - 16.
The homework exercise — as webnutcolonoscope is wont to say — illustrates the importance
of balancing the budget with ocean heat and radiant flux.
He stressed the importance
of balanced budgets earlier this month when announcing former Saskatchewan finance minister Andrew Thomson would be running as an NDP candidate in Toronto.
He warns us that history is about to repeat itself in Alberta, Ontario, Quebec, and most of the rest of the provinces unless they rediscover the
religion of balanced budgets.
Eight months earlier, when a Conservative member of the House of Commons finance committee asked him to comment on the
merits of a balanced budget, Poloz demurred.
Unlike their elected representatives in Ottawa — who continue to fetishize the economic
virtue of balanced budgets — individual Canadians know what to do when presented with a once - in - a-lifetime opportunity to borrow money for virtually nothing.
Justin Trudeau and his Liberals sensed a change of mood around the
sanctity of balanced budgets and promised to use Canada's fiscal room to jolt a stagnant economy.
TORONTO — Fitch Ratings downgraded Ontario's long - term debt rating Friday, highlighting «risks» on the path to the Liberal government's
target of balancing the budget by 2017 - 18.
This, along with an overly rosy economic forecast and increased enforcement and compliance by the Canada Revenue Agency were the main factors underlying the government's
forecast of a balanced budget in 2015 - 16.
He has had to change the timeline for the achievement
of a balanced budget from 2015 - 16 in the March 2011 Budget, to the medium term in the March 2012 Budget and back to 2015 - 16 in the March 2013 Budget.
In my recent National Post column, I make reference to some back - of - envelope calculations to the effect that replacing the fiscal
anchor of balanced budgets to one of a fixed debt - GDP ratio allows the federal government to increase spending by 1.2 percentage points of GDP, or by about $ 25 billion.
«We have a plan for investing in infrastructure and housing, but it's all done within the
framework of a balanced budget,» Mulcair said in Kamloops, B.C.
Daniels would be in an excellent position to campaign as the
candidate of balanced budgets and good government services against an incumbent whose record includes epic deficits, slow economic growth and Solyndra.
The proposal, worth $ 4.4 trillion overall, outlines steep cuts to domestic programs, large increases in military spending and a ballooning federal deficit that illustrates how far Republicans have strayed from their longtime
embrace of balanced budgets.
SLF believes that future governments must be careful not to sacrifice a dynamic economy with rising living standards for the
sake of balanced budgets by a set date — especially if this means spending cuts that effect the most vulnerable.
Its top - line
pledges of a balanced budget, tax - cuts for the low - paid, investment in health and education, and environmental protection will not be deal - breakers for either the Red or Blue negotiating teams.
The Legislature as an institution and the members individually are not blameless, to be sure, but the Governor, who offered the first ever
out of balance budget to the Legislature, is hardly the appropriate person to be shooting darts.
On 24 August, MacDonald agreed to form a National Government composed of men from all parties with the specific
aim of balancing the Budget and restoring confidence.
Given the
existence of balanced budget rules at the state level, some form of federal fiscal relief to states is warranted since state spending reductions or tax increases would be counter productive at this time — restraining the economy at a time when it is already slowing.
But Republicans are hitting back, attacking Democrats for their
lack of a balanced budget one day before Senate Budget Chairwoman Patty Murray is expected to make public the Senate's budget plan.
The Pence administration says says under their
version of a balanced budget amendment, recurring general revenue fund expenditures would not exceed revenues.
While slower revenue growth has the potential to make the
task of balancing the budget more difficult, my administration will continue to make the tough, fiscally responsible choices to make government more efficient, while still making critical investments in county services.