Sentences with phrase «recurring operating deficit»

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

Not exact matches

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.»