Sentences with phrase «reducing state tax revenues»

In the same year, the Commonwealth Foundation reported that Pennsylvania saves $ 512 million a year as a result of its STC program, while reducing state tax revenues by about $ 40 million.

The Division of the Budget estimates that these tax cuts are reducing state tax revenues by about $ 15.4 billion this year and an estimated $ 15.8 billion next year.

Not exact matches

If all states legalized cannabis sales, the reduced drug enforcement costs and higher tax revenues would be worth more than $ 17 billion to them, a 2010 Cato Institute study revealed.

State and local governments saw a big jump in tax revenues in the final three months of 2017, due in large part to an increase in the prepayment of income and property taxes as some high - income residents sought to take advantage of deductions that will be sharply reduced in 2018.

Additionally, some high - tax states are exploring ways to reduce the impact of the new tax rules, and the success or failure of those measures could affect revenues in ways that are hard to predict.

Two years ago, tax officials were alarmed that a super-rich hedge fund owner might leave and reduce the state's income tax revenue.

According to the statute's own language, it was designed with the «purpose of reducing the need for future tax increases, maintaining the highest possible bond rating, reducing the need for short term borrowing, providing available resources to meet State obligations whenever casual deficits or failures in revenue occur, and providing the means of addressing budgetary shortfalls.»

Mr Pelle pointed to The Coca - Cola Company annual report for 2012, which states that if requirements like «beverage container deposits, recycling, eco tax and / or product stewardship» are adopted in any major markets in which Coca - Cola operates, «they could affect our costs or require changes in our distribution model, which could reduce our net operating revenues or profitability».

State Comptroller Tom DiNapoli gave NYC Mayor Bill de Blasio's budget proposal a thumbs up for the short term, saying he made appropriate use of higher than expected tax revenues to reduce out - year budget gaps and to replenish reserves.

The state's economic development czar made the case to Long Island executives that Cuomo's START - UP NY tax - free zones for businesses will likely boost the economy and won't reduce tax revenue collected currently by state and local governments.

This would reduce state revenues (i.e., cut taxes for eligible families) by $ 503 million starting in fiscal 2020, according to a memo submitted with Cuomo's budget.

The state also faces the loss of $ 5 billion of federal stimulus aid, and its problems are compounded by reduced tax revenue during the economic downturn.

To a large extent, state fiscal policies have caused great pressure on property taxes in needy cities, counties and school districts, including decisions: to reduce revenue sharing; to decrease the share of local school budgets covered by state aid, to divide the non-federal share of Medicaid costs without considering ability to pay, and to allocate STAR benefits... (read more)

Hawkins will speak on the need for the state to better share revenues with local government, enabling them to better meet local needs while reducing regressive local property taxes.

In his local stops, Hawkins emphasized the need for the state to better share revenues with local government, enabling them to better meet local needs while reducing regressive local property taxes.

We need to capture those revenues of keeping those dollars in our state so we can reduce taxes, create jobs.»

The business community also isn't happy, despite the massive middle class (applying to couples filing jointly, making between $ 40,000 and $ 300,000 a year) tax cut that will reduce state revenue by more than $ 4 billion a year by 2025.

During Reagan's term, the United States experienced higher economic growth, higher household income, greater productivity, increased tax revenues, reduced unemployment, lower interest rates, and lower inflation.

The arguments against paid sick leave, as stated in the Capital Region Chamber's petition opposing Local Law «C» on behalf of its more than 2400 area businesses and organizations, include: the proposal will hurt our economy, reduce jobs, lower the county's sales tax revenue, and act as «an impediment to attracting, retaining and growing jobs.»

Among the findings: States will face continued pressure due to skyrocketing Medicaid costs, underfunded pensions for retired public employees and volatile tax revenues, as well as reduced federal funding.

In a report issued today focusing on the recession's impact on the budgets of New York and New Jersey, the Fed branch also recommended the states create «rainy day» funds to protect against future revenue gaps, plan in advance for spending cuts and reduce reliance on personal income taxes, which are affected by changes in the economy.

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.

The Governor's plan calls for the enactment this year of a series of tax cuts that he estimates would reduce state revenue by $ 927 million in 2006 - 07 and by $ 4.5 billion in 2010 - 11, the fourth year of the next Governor's term.

Soon after President Richard Nixon took office in 1969, it was widely reported that his administration was considering a federal VAT with the revenue to be shared with state and local governments to reduce their reliance on property taxes and to fund education spending.

Hawkins called for progressive tax reforms and increased state revenue sharing with local governments to pay for the Green New Deal as well as fully fund state and local public services and enable local governments to reduce high and regressive property taxes.

Reed has been taking the lead in trying to craft a compromise to save at least part of the state and local tax deduction, which Republicans from lower - tax regions look at as a way to raise revenue so that overall tax rates can be reduced.

It's true that tax - credit scholarships reduce state revenue, but they also reduce state expenditures on K - 12 education.

When a donor receives a tax credit, that reduces the amount of revenue the state collects.

Under state law, the governor can reduce — «prorate» — school funding if appropriations exceed available tax revenues.

State is facing a projected $ 1 - billion deficit, with reduced revenues caused by Measure 5, a 1990 state ballot initiative capping property tState is facing a projected $ 1 - billion deficit, with reduced revenues caused by Measure 5, a 1990 state ballot initiative capping property tstate ballot initiative capping property taxes.

Not only did many states avoid raising new revenue after the recession hit, but recently some have enacted large tax cuts, further reducing revenues.

That will be a hard case to make, given that Florida's nonpartisan Office of Program Policy Analysis and Government Accountability estimated that the state saves $ 1.44 for every $ 1.00 in reduced revenue resulting from the tax credits.

In 2010, the Florida legislature's nonpartisan Office of Program Policy Analysis and Government Accountability (OPPAGA) estimated that Sunshine State taxpayers saved $ 1.44 for every dollar of revenue reduced by the tax credits.

Any direct or indirect erosion of Impact Aid through a voucher program will reduce the Impact Aid funding currently going to these districts, and would also place a great financial burden on the local community, which would be left to fund public schools with an already low level of state and local tax revenue.

This, in turn, would reduce inflows of tax revenue to states, leading to further cuts in state education spending.102

The lower productivity, earnings and expenditures of dropouts cost New Jersey more than $ 700 million annually in reduced tax revenues and more than 57,000 jobs across the state.

They have already voted no to across the board teacher salary increases and continued the freeze on teachers» salaries that has been in place for 5 years (at the same time passed a tax break for the wealthy, and now, with reduced revenue can not give raises), increased class size, taken away additional pay for Masters degrees, eliminated most of the state's teacher assistants, gone after tenure and offered the top 25 % of the teachers in a district $ 500 to give up their tenure immediately, increased the number of charter schools (many funded by Republicans in the private school business) and finally, the most recent scheme pondered is to let kids go to any school in the state regardless of their home county.

The proposed School Choice Scholarship Act (HB 1607) creates a scholarship tax credit program that is designed to save money by reducing state spending more than it reduces tax revenue.

Proposal A created a new system that reduced the disparities by combining local and state tax revenue in a complex per - pupil funding source called the «foundation allowance.»

The tax bill could further hurt education spending by reducing property values, restricting local and state revenue even further.

However, this General Assembly has shown no interest in increasing public school resources, and will be further hamstrung by future tax cuts that are predicted to reduce state revenues by a further $ 400 million in 2019.

While the proposed increase in the payroll tax on teachers was reduced from two percent to one percent, the monies collected from this teacher tax will not be used to help strengthen the teacher retirement fund, but will instead be pass - through revenue to the state similar to any other tax.

While tough economic times and reduced tax revenues possibly might create difficulties for some states in re-paying municipal bonds, credit risk can be reduced by focusing on ETFs which invest in higher credit quality issuers.

The Washington State carbon - tax proponents believed they had an antidote: Don't allow the government to spend the revenues from the carbon tax; rather, use those revenues to reduce other taxes.

Nations and states use the revenue to reduce other taxes, fund clean energy projects, and fill budget holes.

If you try to link it to the issue of AGW in order to reduce consumption of oil and thereby reduce emission of CO2 it becomes an issue of the «efficiency of the proposed tax system»; both in terms of collection of revenues and in achieving the stated goal of reducing emissions of CO2.

The November 8 election also saw the defeat of an initiative in Washington State that would have imposed the nation's first revenue - neutral carbon tax, assessing a $ 25 - per - ton fee on carbon dioxide emitted in the electricity, transportation, and other sectors and then using that revenue to reduce the state salesState that would have imposed the nation's first revenue - neutral carbon tax, assessing a $ 25 - per - ton fee on carbon dioxide emitted in the electricity, transportation, and other sectors and then using that revenue to reduce the state salesstate sales tax.