Sentences with phrase «own budget officials»

Tax officials in a few states said they do not track individual tax payments, though state budget officials typically follow total quarterly tax payments by the rich to make sure revenue projections hold up.

Health Care in an Aging Society Mr. James C. Capretta, a Fellow at the Ethics and Public Policy Center (EPPC), was an Associate Director at the White House Office of Management and Budget (OMB) from 2001 to 2004, where he was the top budget official for health care, Social Security, education, and welfare programs.

While there is currently no consensus on how large a state rainy day fund should aim to be, bonding agencies and state budget officials generally target 5 percent as the appropriate amount.

State budget officials have estimated that Empire Zones will cost the state another $ 726 million from 2014 through 2017, budget documents show.

The state has nearly run out of cash three times since December, requiring budget officials to withhold tax refunds and payments from local governments.

ALBANY, N.Y. — Gov. Andrew Cuomo wants to separate the state's tax rates from the federal rates to keep New Yorkers from a $ 1.5 billion income tax increase, the Democrat's top budget official testified Thursday during a budget hearing.

Budget officials insist the tax is revenue neutral.

The problem stems in part from delayed tax payments, which budget officials say is due to uncertainty over tax reform on the federal level.

But the governor and his budget officials believe that if they continue to hold spending to 2 % a year or lower, the state will have an over $ 2 billion dollar surplus in three years, enough to pay for the tax cuts, pre-kindergarten and other programs.

But the governor and his budget officials believe that if they continue to hold spending to 2 percent a year or lower, the state will have an over $ 2 billion surplus in three years, enough to pay for the tax cuts, pre kindergarten and other programs.

State budget officials told the Times Union on Wednesday the city has provided all necessary data and figures.

Gov. Andrew M. Cuomo's former confidante Joseph Percoco pressed state budget officials in 2015 to free up funds for a project of two Syracuse developers accused of bribing him, according to emails introduced Thursday at Percoco's corruption trial in Manhattan federal court.

If not for such laws, the current budget gap might only be $ 1 billion or $ 2 billion — not the $ 10 billion often cited by his own budget officials, Cuomo said.

Joseph Percoco pushed for money for a New York film hub, a state budget official testifies at the ex-aide's corruption trial.

The governor's budget officials counter that Cuomo has increased spending by over $ 6 billion since taking office.

Budget officials say its too early to calculate the precise savings that would come from 209 layoffs, since it would depend on individual salaries.

SYRACUSE, N.Y. — The latest estimate from Syracuse budget officials shows the city heading off a financial cliff in two years unless something dramatic changes, according to data Mayor Stephanie Miner presented today at a statewide conference.

And he proposed mandating a 20 - year, long - term strategic plan that budget officials would use as a guideline when developing the state's five - year capital plan.

While job increases have exceeded the initial estimates by city budget officials, overall growth is slowing in the last two years.

A senior New York City budget official said that officials hadn't discussed with their state counterparts how to avoid about $ 1.5 billion in potential cuts to the city initially proposed by Gov. Andrew Cuomo.

He and the top budget officials in his administration have insisted tolls on the Thruway systemwide won't be increased after 2020 when a toll freeze ends in order to pay for the bridge.

New York City budget officials did not have much faith in Wall Street companies continuing to dole out big bonuses as city leaders planned on having less tax revenue in their 2014 - 15 budget.

«The only reason to shiver up there is because it's cold, not because someone is going to close the post,» said Gordon Adams, a professor at American University and a former Office of Management and Budget official in the Clinton administration.

Suffolk legislative budget officials estimated a $ 135 million deficit this year.

Gov. Andrew Cuomo wants to separate the state's tax rates from the federal rates to keep New Yorkers from a $ 1.5 billion income tax increase, the Democrat's top budget official testified Thursday during a budget hearing.

It takes effect immediately and is expected to cost the city an extra $ 222,432 per year, budget officials said.

State budget officials say the PFM Group report provided recommendations to address these obstacles and wean the city off additional state funding.

Revenue from taxes is shrinking, coming in lower than budget officials expected.

Budget officials present a quick overview of proposed mid-year changes in spending and revenue estimates, and the Council briefly reviews and approves them, allowing the administration to divert additional resources to agencies that need them and to cut back in other areas.

Last month, before the New York City Council issued its budget demands for next fiscal year to Mayor Bill de Blasio and before the mayor eventually ignored nearly all of them in his Executive Budget plan, the Council called in administration budget officials to testify on a modification to the current year's budget.

On Wednesday at City Hall, Council members led by finance Chair Julissa Ferreras - Copeland had questions for city budget officials, who explained that most of the new spending stems from an increase in federal and state funding.

The New York City Council appears to be gearing up for a tense budget fight with Mayor Bill de Blasio, releasing a telling early counter on Tuesday in its official response to the mayor's $ 88.7 billion proposed budget for next fiscal year, put forth just after a tense hearing with budget officials about modifications to the current budget.

The new tax would bring in $ 75 million this year and $ 150 million a year for the next three years, according to state budget officials.

City Council members pressed budget officials from Mayor Bill de Blasio's administration for more transparency and a better accounting of spending and revenue plans at a Monday hearing on the mayor's $ 88.67 billion proposed preliminary budget for the 2019 fiscal year, which begins July 1.

The Comptroller recently released a report that shows record overtime spending by the Cuomo Administration, but budget officials say that has nothing to do with holding the line on spending, including what is essentially been a hiring freeze in the state workforce.

Newsday quoted a Cuomo budget official as saying it was eliminated by mistake.

Budget officials say state - related debt has been cut by $ 2.9 billion since Gov. Andrew Cuomo took office, down to $ 52.7 billion, with the sixth straight balanced budget proposal while limiting spending growth to two percent.

Cuomo budget officials have said they are also waiting to count some tax collections delayed by the hurricanes.

A Cuomo administration budget official said the proposed payroll tax also could be used to raise more revenue by seizing some of the tax cuts promised to corporations and the wealthy under the federal tax law, as a way to shore up state finances.

Suffolk County budget officials say there's a slowly improving fiscal picture for the county and that Suffolk actually had its first budget surplus since 2006.

Here, in theory, is how a state budget official and tax policy professors said it could work: An employee and an employer would have to agree to lower an employee's annual wage by the amount that employee would normally pay in state income tax.

Neighboring Massachusetts is embroiled in its own casino dilemma - House Speaker Robert DeLeo says state budget officials and lawmakers would have to make some «tough decisions» if voters repeal the casino gambling law in November.

The administration is working with major accounting firms to work within the federal law and exploit loopholes, the state budget official said.

After the first five years, when upstate is to reach $ 12.50 an hour, there would be a break, so that Governor Cuomo's budget officials can examine whether the economy can sustain indexing the minimum wage upstate to eventually reach $ 15 an hour.

Others note that state budget officials issued a directive to trim $ 20 million in overtime costs this year from the entire prison system.

In East Hampton, the budget officials» bookkeeping changes shifted money from the preservation fund into the general fund to show more cash available in one fund as opposed to another.

After the first five years when upstate is to reach $ 12.50 an hour, there would be a break so that Cuomo's budget officials can examine whether the economy can sustain indexing the minimum wage upstate to eventually reach $ 15 an hour.

While budget officials have said it's less expensive to pay overtime than to hire more personnel, given the cost of benefits, DOCCS officials have also said they are trying to keep overtime in check.

Worse, Helsmoortel wrote in the 2/24/11 Saugerties Times that this money came from discretionary fund which, according to budget officials, doesn't exist!

Administration budget officials then vet the proposal to reflect their boss's priorities, agencies react, and the final product emerges in February as the president's official budget request to Congress.