Sentences with phrase «require balanced budgets»

I would also require balanced budgets on an accrual basis, ending the problems of non-funding Social Security and Medicare.

Kelly Ruppel, district chief of staff and a member of the charter review committee, said the three schools were chartered under a different policy, at a time when the district did not require balanced budgets or specify a per - pupil amount.

However, state constitutions generally require balanced budgets, which can force countervailing changes in outlays and tax rules.

The legislation would require balanced budgets during «normal» economic times and concrete timelines for returning to balance in the event of an economic crisis.

It will require balanced budgets during normal economic times, and concrete timelines for returning to balance in the event of an economic crisis.

He'd eliminate the payroll tax, and he favors a constitutional amendment that would require a balanced budget.

The Governor's office says Indiana is one of a handful of states that does not require a balanced budget.

Several were on such fiscal matters as the 1996 budget resolution and a constitutional amendment to require a balanced budget.

Not exact matches

Now that conservatives complained about the $ 1.3 trillion catchall spending bill — which blew through previous budget limits by $ 300 billion over this year and next, House GOP leaders have scheduled a vote this week on a proposed amendment to the Constitution to require a balanced federal budget.

Legislators in a handful of oil - rich states are struggling to do the seemingly impossible as the 2016 fiscal year draws to a close this week: balancing their budgets, as required by law, despite massive declines in revenues due to falling oil prices.

«It is thus important to realize that in the current environment of low long - term interest rates, fiscal prudence does not require bringing the annual budget balance to zero almost immediately,» he wrote in a paper for the Bennett Jones law firm.

[105] On January 8, 2008, to address ongoing structural budget issues, Governor Corzine proposed a four - part proposal including an overall reduction in spending, a constitutional amendment to require more voter approval for state borrowing, an executive order prohibiting the use of one - time revenues to balance the budget and a controversial plan to raise some $ 38 billion by leasing the Garden State Parkway, the New Jersey Turnpike, and other toll roads for at least 75 years to a new public benefit corporation that could sell bonds secured by future tolls, which it would be allowed to raise by 50 % plus inflation every four years beginning in 2010.

Estimating the CABB requires breaking down the budget balance into two components: the «structural balance» we would observe if the economy was operating at capacity and the cyclical factor.

This view was expressed in Bill C - 59, the recently passed Budget Omnibus Bill, which included legislation that would require future government's to maintain balanced budgets.

The bottom line is that if the political will is there, balanced budget legislation is not required.

New initiatives that would require on - going funding would mean either a higher deficit track and no balanced budget in 2015 - 16 or new expenditure cuts to pay for the new initiatives.

That is, will the legislation require that surpluses be realized during normal economic times to offset the run up in federal debt during the economic crisis or that only balanced budgets are required?

We estimate that balancing the budget in ten years would require savings of between $ 7 trillion and $ 10 trillion, while just stabilizing the debt at its already high level would require $ 5.4 trillion to $ 8 trillion.

Gramm - Rudman - Hollings law: A law enacted in 1985 requiring that budget deficits be brought down to specified amounts and the budget be balanced by 1991; failure to meet those goals would trigger automatic spending cuts.

In the current economic environment, severe austerity would be required to achieve a balanced budget in 2019 - 20 and would have serious negative consequences for the economy.

As we noted in our assessment of the November 2013 Update and confirmed by the PBO in a recent article entitled «Revised PBO Outlook and Assessment of the 2013 Update of Economic and Fiscal Projections», the Government is using higher - than - required EI premium rates to achieve its balanced budget target in 2015 - 16, despite the denial of this by the Minister of Finance.

Conservative Leader Stephen Harper, who has made balanced budgets a key plank in his campaign, suggested Monday that new measures may be required should the economic situation worsen.

We support a balanced budget, but to do so will require deep cuts in the mandatory spending that account for two - thirds of federal spending — not much smaller discretionary accounts like foreign assistance, which represents less than two - thirds of one percent of the budget.

This tasty Mince and Pea dish, also known as Keema Matar is one of my favourite budget friendly Ayurvedic recipes from my book Eat Right For Your Shape, and is ultra wholesome and balancing for finance fearing Vatas who require affordable and grounding comfort food at the end of their day.

In this week setting out the cooperative's annual budget for 2009, Arla chief executive officer Peder Tuborgh said that expected difficulties as a result of the financial climate require a balancing act between producing added - value goods and cost efficiency.

«Lots more has to be done, and if we don't do that now then our capacity to bring the budget back into balance will require much more austerity, much more dramatic movement in the future.»

I'm hopeful we can balance our budget, as we are required to, but at the same time do some extras things and find the money.»

The effect of this is that the US states have nearly all laws that require them to have balanced budgets and it is well followed.

Eight years after facing a financial deficit that required issuing bonds totaling $ 22 million to balance its budget, East Hampton Town has achieved Moody's Investors Service's highest bond rating

Roger Benson, President of the New York State Public Employees Federation (PEF) underscored the need for greater balance: «The budget needs to have shared sacrifices but it does not require any sacrifices from the wealthy and big business.»

The County Executive may at any time during the fiscal year transfer part or all of the unencumbered appropriation balance between classifications of expenditures within the same administrative unit, provided that prior approval by resolution of the County Legislature shall be required if the proposed transfer (1) would result in an increase exceeding ten thousand dollars ($ 10,000), or such larger amount as may be prescribed by local law, during the fiscal year in any one line item in the budget as adopted, or (2) would affect any salary rate or salary total.

The issue was, as it always is, the budget: a swollen $ 136 billion chimera that, $ 9.2 billion out of balance, would require massive cuts to education and health care spending and possible layoffs of state workers, to say nothing of some tax increases.

The drive for an amendment to limit the Supreme Court's legislative apportionment decisions came within one State of the required number, and a proposal for a balanced budget amendment has been but two States short of the requisite number for some time.

The commission's guidelines require that appointees represent a variety of industries, offering a balanced approach to budget analysis.

While city finances have improved, the budget still has a structural deficit that requires one - shots to balance the books.

In turn, the legislature is required by statute to pass a balanced budget.

Bradley said, however, that will affect other parts of the budget, which lawmakers are required to balance each year.

Bush and the Democratic Congress agreed to avoid major changes to the budget for Bush's first year in office (fiscal year 1990), but both sides knew that major changes needed to be enacted the following year to avoid the draconian automatic domestic spending cuts required by the Gramm — Rudman — Hollings Balanced Budgebudget for Bush's first year in office (fiscal year 1990), but both sides knew that major changes needed to be enacted the following year to avoid the draconian automatic domestic spending cuts required by the Gramm — Rudman — Hollings Balanced BudgetBudget Act.

2014 has been a significant year of accomplishments for Mark, including working with the Legislature to pass a balanced budget with a small tax cut, opening the Erie County Health Mall, signing an executive order requiring that all contractors with Erie County comply with equal pay laws for women, restructuring the Department of Social Services while hiring more CPS caseworkers, and managing the emergency response to four major weather - related events: two blizzards, flooding in West Seneca and Winter Storm Knife.

Republicans unveiled a detailed budget proposal — balanced without tax increases — that will require some challenging retooling in the aftermath of all the bad deficit news.

In December, a month earlier than required, Paterson proposed a gap - closing budget balanced with a mix of spending cuts and revenue hikes.

The original AAAS analysis of the outyears in the President's budget, published on May 16, was based on a literal interpretation of the language contained in the President's budget that would have required a reduction of $ 40 billion in discretionary outlays in FY 2001 and $ 81 billion in FY 2002 in order to balance under CBO's economic assumptions.

«This analysis shows that balancing the moment budget on the Parkfield segment of the San Andreas fault probably requires more frequent or larger earthquakes than what the instrumental and historical data suggest,» he and his colleagues write in the BSSA paper.

Section 4558 (b) of the Balanced Budget Act (BBA) requires CMS to develop and implement by January 1, 2000, a method to measure and report the quality of SEO - friendly

This may actually reflect an additional explanation for how well schools have done in the past: States are required to have balanced budgets, so they raise taxes when times are tight and then keep the new rates when the money flows again.

She said: «Schools have been required to use their retained earnings, if they have any, on balancing their budgets in order to not face making drastic staff cuts.

The board of education turned to the federal court on Sept. 13, as a 10 - day reprieve from the state law requiring Chicago schools to balance their budget was running out.

«Schools have been required to use their retained earnings, if they have any, on balancing their budgets in order to not face making drastic staff cuts.

Fitch said the district also will require «a combination of tax increases, contributions from the state and employee concessions» to balance its budget.

Also, like many states, Colorado is constitutionally required to have a balanced budget.