Sentences with phrase «over state tax revenues»

Cuts from Washington, questions over state tax revenues and billions of dollars in out - year gaps pose significant threats,» DiNapoli said.

Not exact matches

The World Bank estimates that this sub-heading generated only $ 4.2 million in (estimated) tax revenue for the Canadian government, as 91 % of Canada's imports of these items were manufactured in the United States and are eligible for tariff free status under NAFTA, though this requires companies obtain certificates of origin and wade through NAFTA rules - of - origin regulations that are over 500 pages long.

The state's oil production grew tenfold over the past decade as it built a thriving oil shale industry virtually from scratch, driving unemployment to a national low and filling government coffers with surging tax revenue.

A prolonged downturn in oil and natural gas markets continued to ripple through New Mexico's economy over the summer and into the fall, undermining state tax revenues.

Washington's Office of Financial Management predicts state revenues will grow by at least US$ 216 million over six years thanks to licence fees and business taxes, and municipal revenues will go up around $ 200 million.

Rockefeller expects state and local tax revenues to fluctuate over the coming quarters as a result of the tax bill, as high - income taxpayers look for new loopholes in the law and adjust their behavior accordingly.

Consequently, the impact on lost tax revenue may be over stated — and the benefit therefore under stated.»

Financial stress sweeps over the United States during this time of year, with people rushing to fit into their accountants» jam - packed schedules to get their taxes in order and ready for the Internal Revenue Service (IRS).

The del Lago casino in the Finger Lakes is seeking a better tax deal from the state to address its struggling revenue — slightly over a year since it opened.

[1] Although this revenue is essential to keeping the State's budget in balance, the case for preferring the two major HCRA taxes over other broad based taxes has eroded over the last 20 years.

That seems implied by your comment that the «state's tax climate also matters» and adding that the state faces a $ 4 billion deficit, plus additional lost revenue from federal changes to health care and tax policy, which is estimated to be over $ 2 billion.

According to Bruce Fisher, formerly the Deputy Erie County Executive and now the Director of Economic and Policy Studies at Buffalo State, Erie County takes in over one billion dollars more in state revenue and transfer payments than it pays in taxes to New York SState, Erie County takes in over one billion dollars more in state revenue and transfer payments than it pays in taxes to New York Sstate revenue and transfer payments than it pays in taxes to New York StateState.

With help from the extra fare revenue, the creation of the state's Payroll Mobility Tax, and internal cost - cutting, the authority's finances steadily improved over the years, and it expects to close out 2017 with an $ 80 million budget surplus.

Joining them were politicians from high property - tax states such as New Jersey, Connecticut and California, creating a stumbling block for the new framework over the measure meant to help raise revenue for other tax cuts.

The governor said the state could gain over $ 1 billion in tax revenue from the change, and the bill is backed by left - leaning and progressive groups.

The higher tax rates — including a 10.32 percent rate for the roughly 100 people with New York taxable incomes over $ 100 million annually — will bring in about $ 5.6 billion in additional annual revenues for the state.

As concern grows over millionaire residents leaving Connecticut and income tax revenue plummets, the state has a new worry — its wealthiest residents might be delaying some financial decisions until tax cuts promised by President Donald Trump are enacted...

If you took half the stock transfer tax, and kept it, and made the state income tax progressive, it would produce over $ 10 billion in revenue, and revenue by progressive taxation.

The resolution, approved earlier this month after some back - and - forth haggling over pre-Kindergarten spending levels, the public financing of political campaigns and the Dream Act, doesn't go into detail as to what the sales tax exemptions and adjustments would cost in revenue to the state budget.

Gov. Andrew Cuomo this week continued his simmering disagreement with Senate Republicans over tax and fee increases in the budget, saying that without the revenue, the state would have to cut back on health care and school spending.

The state is facing uncertainty over how deeply President - elect Donald J. Trump and the Republican - led Congress will cut into federal tax revenue and how the looming repeal of the Affordable Care Act might affect the state.

On Thursday, they expressed no shortage of concerns over another plan the governor is eyeing: lowering the salaries of hundreds of thousands of residents, or more, in order to help employers fund a shift in state revenue collections to a new statewide payroll tax.

Second, the cost will be hundreds of millions of dollars — unless you are willing to ignore the $ 53 million spent to advertise Startup, the $ 323 million in tax revenue Cuomo's own budget folks predicted the state would forgo over three years and all future costs as well.

The Osun State Internal Revenue Service has closed down Obafemi Awolowo University (OAU) Ile - Ife, over an alleged non-payment of tax to the tune of N1.8 bn...

Senate Republican Majority Leader John Flanagan said he has some reservations about the idea and whether it could be used as a back doorway for the state to increase taxes and generate more revenue to fill the over $ 4 billion budget deficit.

Over the past 15 years, the state began using money from cigarette tax revenues to fund HCRA programs too.

His remarks suggested he may anticipate revenue from a tax hike on incomes over $ 1 million in his first proposed state budget, which he is set to unveil on March 13.

The governor says the state could gain over $ 1 billion in tax revenue from the change, and the bill is backed by left leaning and progressive groups.

The state is to get a total of $ 151 million in one - time licensing fees from the developers of the casinos that have been approved and, presumably, over $ 250 million in annual tax revenue once the casinos begin operating.

Their calls come as states and localities struggle with lower revenue and outrage over high taxes.

ALBANY - The del Lago casino in the Finger Lakes is seeking a better tax deal from the state to address its struggling revenue — slightly over a year since it opened.

Proposes the creation of up to 2,500 permanent jobs and generation of more than $ 181 million in state gaming tax revenues over 10 years.

De Blasio is also currently battling to get Gov. Andrew Cuomo and the Republican - run State Senate to back his proposal for a «mansion tax,» a new levy on home sales over $ 2 million, which he hopes would provide new revenues for senior housing.

State tax revenues, total wages, and personal income are projected to grow by four to six percent annually over the next four years.

But because the proposed tax reductions would take effect in stages over the course of the next five years, they are projected to reduce state revenues by $ 5 billion when fully implemented in 2011 - 12.

A report released on Tuesday by Comptroller Tom DiNapoli's office raised alarms over the state's budget picture, finding lower tax revenue and a $ 4.1 billion budget gap.

The Republican budget was assembled before the most recent numbers that show the state is projected to lose more than a billion dollars in tax revenue over the next two years.

Nevele Investors LLC promised 1,200 construction jobs, 3,600 permanent jobs and $ 17.5 billion in tax revenues to state and local government coffers over a 20 - year period if the casino is allowed to operate.

Those familiar with the governor's thinking say Mr. Cuomo views the mayor's plan as an inequitable one: If a prekindergarten program is paid for with tax revenue from the wealthy, then New York City could be at a distinct advantage over smaller and poorer municipalities around the state.

Ditching the state and local tax deduction known as SALT would raise $ 1.3 trillion in revenue over the next decade.

A marathon debate over education funding continues in Ohio, where school groups are already divided over a May 5 ballot measure that proposes hiking the state sales tax by 1 cent in order to raise revenue for schools.

* State income tax revenue would be up to $ 700 million higher in present - value terms over 16 years of implementation; increased corporate and sales tax revenues are not included.

The fiscal impact for states is projected to accumulate significantly over time as the increase in individual incomes generates additional revenues from income tax receipts — projected to increase by $ 700 million, in present value terms, over the 16 years of implementation according to the North Carolina projection.

If you have no cap, you could, in theory, preside over the greatest federalization of education finance in the history of the United States, because the federal government would be the one taking in less revenue as a result of offering these tax credits.

Uncertainty over the impact of a proposed Republican tax cut on the state's economy and budget is hanging like a cloud over California, but at this point, the Legislative Analyst's Office is projecting robust growth in state revenue for K - 12 schools and community colleges in the coming year.

«For a decade or more, Amazon has profited at the expense of communities nationwide by depleting much - needed sales tax revenue from states and cities while trying to maintain a significant competitive advantage over Main Street retailers,» said Oren Teicher, CEO of the ABA.

Due to the passing of the law in California, which was purported to bring in around $ 317 million annually in sales taxes, Amazon cancelled its affiliates program in that state and cut over $ 200 million of revenue generated through its more than 10,000 small - business partners.

Las Vegas is the gambling capital of the US, with state gambling taxes accounting for over one third of general fund tax revenues.

I - 732 provided for hundreds of millions of dollars in tax cuts for corporations, helping to generate an estimated net revenue loss of $ 800 million over six fiscal years, according to the state's Department of Rrevenue loss of $ 800 million over six fiscal years, according to the state's Department of RevenueRevenue.

«In fact, a study of the return on investment by RTI International of the state investment tax credit shows that for every $ 1 of state tax credit used, $ 1.54 of state and local tax revenues are created over the life of the project.»