Sentences with phrase «operating deficit»

Public financial support is needed annually to cover our structural operating deficit.

The facility continues to lose money, with its future operating deficit expected to grow.

Under Bharucha's leadership, the college began charging tuition as a way to dig itself out of annual operating deficits of more than $ 15 million.

The agency's statistical yardsticks include a $ 15.1 - million general - fund operating deficit in the 2014 - 15 school year.

Cooper Union uses its $ 600 million endowment to cover operating deficits.

Just last year, the state did it, shifting responsibility for New York canals and a more than $ 100 million annual operating deficit from the Thruway Authority to the state Power Authority.

The agency cited 10 consecutive years of operating deficits by the town in its downgrade report.

This acknowledgement reflects the fact that Cooper has experienced decades of substantial operating deficits caused by a consistent pattern of cost increases that exceed the growth of its revenues.

As a result of the transaction, Sunrise has been released from its obligation to the prior mortgage lender to fund operating deficits.

Detroit has run operating deficits for nearly a decade, is starved of cash and carries a crushing debt burden from commitments such as pensions and health insurance.

In an accounting of NYRA's financial condition for the first half of 2015 prepared for today's board meeting in Saratoga Springs, the association reported an operating loss from racing operations of $ 6.1 million before income from video lottery terminals are factored in — a loss that's 25.5 percent larger than the $ 4.9 million operating deficit for racing racked up during the same period in 2014.

Starting in 2011, the district began experience operating deficits and began to rely on the balance to fund operations and close deficits

The net philanthropic need for all schools managed by CMOs in the NewSchools portfolio is effectively zero, but since the schools that operate with surpluses generally do not cross-subsidize those with deficits (sometimes even within the same CMO), the actual school - level philanthropic need across the 71 schools in the portfolio with operating deficits was more than $ 25 million in the 2010 school year, or just under $ 360,000 per school.

Despite being one of the wealthiest communities in the state, Oyster Bay saw its bond rating reduced to junk status in April amid swelling pension costs and persistent operating deficits.

In a statement, the school administration said that Cooper «has experienced decades of substantial operating deficits caused by a consistent pattern of cost increases that have exceeded the growth of its revenues.»

The payroll tax of 0.34 percent was imposed on constituent jurisdictions — which locally include Orange and Dutchess, but not Ulster, counties — to help cover a looming operating deficit.

To put this figure in context, persistent overspending has caused the school district to accumulate $ 166.4 million in operating deficits as of June.

The Greater Syracuse Land Bank ran a $ 600,000 operating deficit last year.

Wright said the land bank's recurring operating deficit, $ 600,000 last year and this year, is one of its biggest challenges.

He says Rhinebeck also has an increasing operating deficit that has grown each of the past three years.

Together our Republican county executive and our Democratic finance chairman share responsibility for Rockland's enormous operating deficit.

The revenue generated will go to close NYCHA's swelling yearly operating deficit, which is projected to hit $ 400 million by 2019, and its more than $ 16 billion backlog in needed structural, electrical and heating system work.

According to the 2015 report, the district earned the designation — which indicates the district may encounter fiscal issues in the future if the situation remains unchanged — due to an alleged operating deficit and a reserve fund below the levels suggested by the comptroller's office.

At a time when NYCHA's waiting list is 270,000 families deep, and it faces hundred million dollar operating deficits, the comptroller slammed the situation as unacceptable.

DiNapoli says the town is digging out from sizeable operating deficits caused by years of poor budgeting.

Their comments were in response to requests from Bronx Councilman Ritchie Torres, chairman of the Committee on Public Housing, for assurances that the housing authority leaders would not sell property — which former Mayor Michael Bloomberg had proposed as a fix for NYCHA's ballooning operating deficits and $ 17 billion backlog in repairs.

Over the first seven years of operation, a typical CMO central office in the NewSchools portfolio incurred a cumulative operating deficit of more than $ 7.3 million, which translates into $ 800,000 to $ 900,000 per school, or up to $ 2,000 per seat at full enrollment.

This year's UTLA operating deficit was estimated at $ 1.5 million, fueled in large part by increased costs for staff retiree health benefits.

Pine Ridge Pet Cemetery An ad hoc committee of directors, overseers, staff and a volunteer has been working over the summer to develop a marketing and business plan to eliminate ongoing operating deficits.

According to the agreed five - year plan, Simon took over an $ 850,000 loan on the building and other financial obligations, including a $ 1 million accumulated operating deficit, in return for using 75 % of the gallery space for his collection.

According to Mr. Michaelson, all of that was held in cash and used over the next few years to cover the school's mounting operating deficits.

The Cooper Union investigation fits into the New York attorney general's office's broader strategy to get ahead of potential crises by «stress testing» nonprofits that show signs of potential trouble, such as large operating deficits and excessive spending rates on endowments, said James Sheehan, the chief of the office's charities bureau.

In a move to correct its current operating deficit and shore up its lagging endowment, Brandeis University's board of trustees recently voted unanimously to close the Rose Art Museum and sell off its collection of art.

Finally, the state did it, last year shifting responsibility for New York canals and a more than $ 100 million annual operating deficit from the Thruway Authority to the state Power Authority.

Syracuse Mayor Ben Walsh addressed economic development plans and the city's looming structural operating deficit in his first «state of the city» address on Wednesday.

The school borrowed $ 175 million for 30 years at a rate of 5.75 percent and then spent most of the proceeds on a lavish new building while continuing to run operating deficits.

The report found overall operations are being managed effectively, but over the past three years, officials have not developed balanced budgets, and as a result, the library has experienced operating deficits.

However, certain markets remain fragile and report a disproportionately larger share of both underperforming properties and persistent operating deficits --- meaning properties with occupancies rates below 90 percent or debt service coverage ratios below 1.0 x. Out of the total set of 17,118 housing credit properties counted in the report, only 9.5 percent were «underperforming» in 2010, down from 12.6 percent in 2009.

At the same time that Cooper Union decided not to try to sell the site, it borrowed $ 175 million, using the Chrysler site as collateral, to build a new engineering and art building and «to meet future operating deficits,» as the school acknowledged in court papers seeking permission for the loan.

Last fall, Dr. Bharucha said that the college had to reduce its annual operating deficits by more than $ 20 million by 2018.

The fund recorded an operating deficit of $ 2.2 million despite the subsidy cuts saving it $ 900,000.

This operating deficit can be capitalized into a value that would produce the flow of income necessary to defray its carrying costs.

Under the new configuration, the board will be able to give more cash to the local schools, which have a $ 5.3 million cumulative deficit and a $ 1.8 million annual operating deficit.

Cuomo suggests that perhaps the state could make up the Thruway's operating deficit, as occurred in 2013, when the Thruway authority proposed, then rescinded a plan to steeply raise truck tolls.

Governor Cuomo suggests that perhaps the state could make up the Thruway's operating deficit, as occurred in 2013, when the Thruway authority proposed, then rescinded a plan to steeply raise truck tolls.

DiNapoli said the fiscal stress monitoring system takes into account several factors such as short - term borrowing, use of fund balance, and operating deficits.

The monitoring system created by state Comptroller Thomas P. DiNapoli uses financial indicators that include year - end fund balance, short - term borrowing and patterns of operating deficits.

Nassau OTB has about $ 12 million in debt and ended 2015 with an operating deficit of more than $ 7 million.