Sentences with phrase «operating deficits by»

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

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

Not exact matches

Half of this impact on the deficit outcome was offset by lower expenses, with virtually all of it due to lower direct program expenses — other transfers and departmental and agency operating costs.

In both 2014 - 15 and 2015 - 16, annual surpluses in the Employment Insurance Operating Account have reduced the deficits in those years by about $ 4 billion.

A recent report also forecasted that nearly 150 oil platforms in the North Sea are scheduled to be decommissioned by 2026, as one in seven barrels there are produced at a loss, and around half of the 22 companies in the area are currently operating with significant deficits.

In the October 2013 Speech from the Throne, Prime Minister Harper announced that the government would extend the freeze on departmental operating budgets, once again committed the government to eliminating the deficit by 2015 - 16 and to reducing the debt - to - GDP ratio to 25 per cent by 2021, both of which are easily achievable.

Is the government applying an additional freeze to operating budgets to get rid of a structural deficit created in part by significant cuts to taxes before the recession?

A government operating such a deficit at a time when an increasing share of the nation's debt is held by foreigners is effectively concealing from the public the real nature of future burdens.

Dana's primary point is that places like Boulder, CO (Chef Ann Cooper's current district) and Berkeley, CA (Chef Ann's former district) use outside and / or community - raised funding to bring about change, and her own San Francisco district operates at a deficit that's grudgingly paid by the school board.

Laziridis says New Democracy is committed to bringing the deficit down and to «much of the structural change suggested by the troika» but calls some of the proposals «ill - advised» and warns in colourful language that: «if Greece explodes, it will be 100 % blame on those who do not let a country breathe before they operate.»

But Curran said that since taking office Jan. 1, she's had to focus urgently on averting a financial storm driven by ballooning operating expenses and persistent budget 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.

Operating under assumptions necessitated by Governor Andrew Cuomo's two - percent tax cap plan, projections show that Onteora will run a deficit of $ 11.3 million by 2017.

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.

Even more amazingly, we are paying down the deficit bond out of our operating expenses, taking further steps to pay what we owe with income generated by conservative budgeting practices.

But the institute has operated in the red for years, and has been forced to cover its deficit by drawing down its endowment, which shrunk from $ 430 million in fiscal year 2012 to $ 397 million in fiscal year 2014.

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.

The operating deficit, projected at $ 333 million for 2017 — 18, could exceed half a billion dollars by 2019 — 20 (see Figure 2).

The schools operated by CMOs often receive less overall public funding on a per - pupil basis than comparable district - run public schools, with the deficit ranging from approximately 10 to 30 percent.

The report goes on to explain that the new budget uses borrowing, one - time revenues, and fund transfers to close budget deficits and cover operating expenses and reports that, «By relying on these measures, rather than recurring revenues to close the state's budget gap... state policymakers have opened up a larger revenue hole in future budget years.»

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

«It is open to an authority to include in its scheme a form of loan arrangement for schools which does not operate by way of a licensed deficit but rather by way of actual payments to schools or expenditure by the authority in respect of a particular school on condition that a corresponding sum is repaid from the budget share.»

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 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.»