The governor's
proposed spending increases exceeded former Gov. George E. Pataki's proposals in his executive budget a year ago — which were just over 4 percent for the total budget.
In fact, half of all school districts kept
their proposed spending increases under 1 percent for the coming year.
The governor noted proudly that he was once again
proposing a spending increase of less than 2 percent over last year, a self - imposed cap he has made a centerpiece of his fiscal policy throughout his governorship.
The average
proposed spending increase of 1.4 percent for 2010 - 11 is the lowest in 15 years and continues a downward trend.
The Assembly's budget also does not include Cuomo's broad education policy reforms, with much of those measures linked to a $ 1.1 billion
proposed spending increase for education.
The Oysterponds School District is
proposing a spending increase of $ 24,373 — or.43 percent — in its 2017 - 18 school budget.
Edmund J. McMahon, the director of the Empire Center for New York State Policy, an affiliate of the conservative policy group the Manhattan Institute, called
the proposed spending increase the largest in an executive budget «since Pataki's first election - year budget.»
The average
proposed spending increase of 1.3 percent for 2011 - 12 is lower than the 1.4 percent average this year, the 2.3 percent average in 2009 - 10, 5.3 percent in 2008 - 09, 6.1 percent in 2007 - 08, 6.3 percent in 2006 - 07, 6.6 percent in 2005 - 06, and 6.9 percent in 2004 - 05.
Not exact matches
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced
increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24)
spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates
increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the
proposed accelerated stock repurchase plan, among other things.
While the budget
proposes large
spending cuts to many government agencies — the Environmental Protection Agency and State Department budgets would be cut 31 % and 28 %, respectively — defense and military
spending would
increase substantially.
The White House is also likely to
propose rolling backing some of the domestic
spending increases in last month's government - wide funding bill.
The president has
proposed increasing spending by 7 percent over mandated levels, or by approximately $ 74 billion.
Panel 3 provides an estimate of the net impact of the
proposed spending and revenue
increases on any future budget balance.
The budget
proposes $ 3.3 trillion in net policy savings over ten years, the result of $ 4.9 trillion of largely unspecified
spending cuts and $ 1.6 trillion of tax cuts, in addition to $ 1.4 trillion of claimed savings due to
increased economic growth.
The plan the authors
propose — cutting the business tax rate to 15 percent, allowing full expensing, offering a reduced rate on repatriation, and
increasing infrastructure
spending — could cost $ 5.5 trillion by our estimates.
Nursing homes would get a nearly 4 percent
increase in what they are paid to treat frail, elderly Floridians, while $ 318 million in Medicaid funding would be redistributed among the state's hospitals, under a
proposed spending plan released Wednesday by a Senate budget panel.
The legislation enforces limits on discretionary
spending until 2021, establishes a procedure to
increase the debt limit, creates a Congressional Joint Select Committee on Deficit Reduction to
propose further deficit reduction with a stated goal of achieving at least $ 1.5 trillion in budgetary savings over 10 years, and establishes automatic procedures for reducing
spending by as much as $ 1.2 trillion if legislation originating with the new joint select committee does not achieve such savings.
U.S. President Donald Trump's
proposed increase in infrastructure
spending is expected to boost USIC's business because utility cables have to be located and marked before any underground excavation is carried out.
The Liberals, in their election platform, presented a «Sources of Funds» table, itemizing the revenue
increasing and
spending reduction measures that they would implement to fund their
proposed initiatives [1].
Cuomo
proposed a $ 960 million
increase in education aid, but lawmakers back more than $ 1 billion in school
spending.
Cuomo has
proposed a $ 960 million
increase in education aid, but typically lawmakers successfully add even more
spending for schools in the state.
From
increased education
spending, to
proposed new revenue generation ideas to whether legalizing marijuana is in the state's best interest, state lawmakers representing Western New York districts offered various opinions on the details of the budget proposal revealed Tuesday by Gov. Andrew Cuomo.
Meanwhile, the final 2018 budget deal added $ 547 million in
spending beyond what Cuomo had
proposed, while rejecting $ 171 million in tax and fee
increases he had sought.
The Governor also
proposes to shift $ 116 million in agency costs to capital funds, while moving $ 390 million in other expenses from capital to SOF, for a net impact of
increasing SOF
spending by $ 274 million.6 (See Table 2.)
Governor Andrew Cuomo's
proposed solutions for addressing the gap, as revealed when he delivered his
proposed $ 168 billion budget in January, includes a mix of one - shot revenues, tax
increases and some
spending cuts.
One
proposed spending plan would stay within the 0.65 percent tax cap; another would exceed that limit but keep the
increase under 2 percent.
Never mind that de Blasio insisted multiple times that he has no plans to draw more revenue from the tax by
increasing the rate and that his
proposed budget itself
increases spending by less than 1 percent.
Walsh has
proposed a $ 20,000
increase in security
spending, a $ 47,000
increase in economic development and an $ 85,000
increase in environmental maintenance.
Minority Leader Kevan Abrahams (D - Freeport) called Armor's tenure at the jail a «dark period» in the facility's history, but also said Tuesday legislators would have to vet the
proposed NUMC contract carefully and there should be a public hearing «since it looks like it could be a 100 percent
increase in
spending» over the previous jail contract.
ALBANY — The Business Council is applauding the Senate Majority for its attempts to rein in
spending and its announcement that it will reject both the $ 1.7 billion in tax and fee
increases included in the Executive Budget, and the Assembly Majority's
proposed $ 1.5 billion
increase in the state's personal income tax.
We applaud Governor Paterson's argument that, should New York receive a significant cash infusion from the federal government for Fiscal 2010, the state should use those revenues to cut back on significant
proposed tax and fee hikes, rather than restore or
increase governmental
spending.
In his address Tuesday, Governor Cuomo
proposed a 1.7 %
increase in overall
spending, with schools getting a bigger
increase and other areas seeing cuts.
Gov. Andrew Cuomo will
propose his fifth state budget today, and sources say he plans to once keep
spending under a 2 percent
increase from last year.
Asked what he thought Cuomo's motivation was for penning the OpEd about the built - in
spending increases, Silver said he believes the governor looked at his
proposed budget and determined he's going to «wind up
spending more money than was
spent last year even though he said there would be a cut.»
Silver last week indicated he was on board with the Senate's one - house budget resolution that
proposed spending $ 540 million on universal pre-Kindergarten without a tax
increase, as long as no strings were attached.
To the bemusement of their own party, the Tory leadership will go into the election accepting Labour's
spending plans,
proposing that 45 % of GDP is taken in tax, and pledging a tax
increase to match every tax cut.
Legislators
spent several weeks hearing department budget presentations and
proposed changes, including the added positions and pay
increases in Conners» office and the County Attorney's Office.
Cuomo also
proposed a $ 15 million
increase in state
spending for pre-kindergarten programs, particularly in the neediest school districts.
«Labour will argue against the
proposed increase in EU
spending and instead support a real - terms cut in the budget... When we speak of budget reform, some will want to focus only on cuts to «EU fat cats» in Brussels.
BY DUNCAN OSBORNE While Mayor Bill de Blasio is
proposing to
increase spending by roughly $ 2 billion in the city fiscal year that begins on July 1, cuts in federal and state support for the city may force the mayor to curtail those plans.
Paterson wants to lower a
proposed increase in state
spending on health care by $ 506 million.
The
proposed budget represents a roughly 3.75 percent
spending increase from this year's plan.
The 2013 budget
proposed by County Executive Mark Poloncarz boosts
spending by 2.1 percent and
increases taxes by 3.4 percent.
The almost $ 1.385 billion General Fund in the
Proposed Budget represents a 2.1 percent ($ 30 million)
increase in
spending over FY - 2012 due, almost exclusively, to
increases in State - mandated costs, including:
The county executive's
proposed 2014 budget
increases spending but does not include a tax
increase.
Mayor Bill de Blasio
proposed a 3 %
spending increase in an $ 88.7 billion budget.
While finalizing the 2013 budget, I worked with my colleagues on both sides of the aisle to cut millions in
spending and eliminate a
proposed tax
increase to create a budget that didn't raise property taxes.
The two - year
proposed freeze on property taxes unveiled by Cuomo's tax reduction task force this week would require municipalities to stay within their mandated 2 - percent
spending increase, and in the second year the benefit would apply only to municipalities demonstrating «meaningful, concrete steps» toward permanent savings through consolidations and mergers.
This year, the governor
proposed a 3 percent
increase, with total education
spending exceeding $ 26 billion.
That's a 6.4 percent
increase over last year and a 40 percent hike from what Gov. Andrew Cuomo intitally
proposed in his
spending plan in January.