This significant shortfall
required budget cuts throughout the district.
Related: Sequester Countdown: What's in Store for the SBA Each agency has seven months to make
the required budget cuts.
This would
require a budget cut of some sort which normally generates opposition.
Not exact matches
Keeping your post to the minimum
required and adopting some of these basic cost -
cutting measures should deliver good news for your business with significant savings in your business mail
budget.
And because Senate rules will
require the plan to fit within a
budget resolution that will most likely allow only $ 1.5 trillion in revenue losses over a decade, lawmakers will have to trim its proposed tax
cuts — or add new tax increases — to meet that specification before it can become law.
Budget cuts left the IRS with limited resources for the costly task of disputing an appraisal, which often
required hiring outside experts.
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.
After inheriting a surplus the government immediately
cut the GST by two points, and in doing so created a structural deficit and an unsustainable fiscal situation, which then
required significant spending
cuts in the 2010, 2011 and 20012
budgets in order to put the federal finances back on a sustainable path.
The area is historically underfunded and underserved, with recent
budget cuts requiring the district to eliminate almost all electives, move to a four - day school week...
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.
Both the tax increases and the
budget cuts can be stopped, however that would
require the agreement of both Congress and the President.
This means that any net tax
cut over the ten - year period not explicitly called for by the
budget resolution would be subject to a
budget point of order that would
require 60 votes to override.
The Philippine organizers of the Global March mention following: widespread poverty and social inequality resulting in the erosion of the family's capacity to nurture and protect children, the rise of informal economy
requiring simple skills and technologies, globalization of capitalism where underdeveloped nations provide the rich with cheap labor, disrupted family patterns due to migration, AIDS, etc. and inadequate basic services from government, including education, due to
cut of the state
budget of non-profit sectors to follow structural adjustment programme dictated by the IMF and the World Bank.
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.
«I agree with the analysis behind that number, that many billions of pounds of welfare savings are going to be
required if we are to avoid
cutting government
budgets even further,» Osborne added.
A bill backed by the eight - member Independent Democratic Conference in the Senate seeks to bolster Title X funding by
requiring current levels be maintained should there be future federal
budget cuts approved.
None of the details are yet clear, but one thing is certain: in envisaging an integration of health and care
budgets, decision - makers at the metropolitan centre are devolving desperately hard choices away from Whitehall at a moment when social care funding has been
cut to crisis level and more
cuts are
required.
Osborne's plans to legislate to run a
budget surplus «in normal times,»
require huge
cuts to public services and in - work benefits.
«The Mayor has threatened to lay off a quarter of the teaching force, but Governor Cuomo made it clear today that there is nothing in the proposed state
budget that would
require local layoffs,» he said in a statement, adding that the governor's planned
cut to city schools amounts to only about three percent of the city's school's
budget.
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.
And, finally, states are legally
required to maintain Medicaid benefits — which is to say, Westen's scenario of fictional
cuts to state
budget resulting in the decimating of Medicaid could not happen even if it were real.
«
Budget cuts to health care, education, and social and senior services
require thorough deliberation, not a rushed process that hurts the state's most vulnerable citizens.»
Ideas like this are gaining support from advocates given the state's estimated $ 10 billion
budget deficit, which could
require billions in
cuts to schools and health care.
De Blasio's proposal would raise income taxes on New York City residents who earn over $ 500,000, which
requires approval from both the legislature in Albany, where the State Senate is partially controlled by Republicans, and the signature of Gov. Andrew Cuomo, who has emphasized his desire to
cut taxes in next year's
budget.
The board offered a
budget with no change in the tax levy, but the tax cap calculation
required the district to
cut taxes 1.1 percent to stay under the cap.
«Obama believes that a critical step in restoring fiscal discipline is enforcing pay - as - you - go (PAYGO)
budgeting rules which
require new spending commitments or tax changes to be paid for by
cuts to other programs or new revenue.»
It would also
require the House Ways and Means Committee to report out legislation under the
budget reconciliation process that would provide for a revenue - neutral, comprehensive overhaul of the U.S. tax code and would include instructions to 11 House committees to trigger the
budget reconciliation process to
cut mandatory spending.
Where councils can not manage down the costs of rising demand during the year, these overspends then just add to the
cuts and savings
required in the following year's
budget - the trouble piles up year on year.
«I have a proven track record of working with both parties to pass legislation that makes Connecticut a better place for everyone,» says Gerratana, who acknowledges the state
budget deficit will
require «tough decisions in terms of spending
cuts» next 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 Budge
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
BudgetBudget Act.
For months, the mayor had maneuvered to scrap the state law
requiring that teachers be fired according to seniority, arguing that
budget cuts were going to force him to lay off good young teachers instead of underperforming lifers.
It also eliminates the state's projected $ 5 billion two - year
budget deficit by
cutting the public workforce and
requiring more state employee givebacks.
Gov. Cuomo said the more than $ 2 billion in federal health care
cuts could
require lawmakers to make drastic changes in the state's already - adopted
budget.
Thanks to «great teamwork» on the Town Board and the fortitude of Woodstock residents, the town had survived «a rough couple of years,» said the councilman, alluding to the fiscal crisis that loomed before the last local election,
requiring painful
budget cuts.
Like Flynn, Ivey argued the
budget required more program
cuts, layoffs and buyouts to show the county is fiscally responsible.
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.
He sought to
cut the state's Medicaid
budget by nearly 30 %, or $ 20 billion [47]($ 10 billion from the state's share, the other $ 10 billion coming from the county and federal shares)[48] by making significant
cuts to benefits, reducing reimbursement rates, [49]
requiring identification, fingerprints, and drug testing for individuals to receive benefits.
The plans
require multiple changes in the state
budget, including $ 329 million in new funding and $ 120 million in spending
cuts in a proposed
budget of $ 20.729 billion for the fiscal year that starts in July.
YPS and Superintendent Dr. Edwin Quezada have submitted a «bare bones»
budget that
cuts 211 positions, but
requires an additional $ 5 million in funding in order to avoid additional
cuts.
And
budget analysts on Thursday continued to criticize de Blasio for his spending plan's lack of a «program to eliminate the gap» or «PEG,» a
budgeting practice common under all de Blasio's predecessors dating back to former Mayor Ed Koch, which
requires city agencies to identify a specific amount of money they could
cut in the coming fiscal year.
If neither side gives ground on welfare
cuts or tax increases, an additional, probably impossible # 15 bn of
cuts in departmental
budgets by 2017 - 18 would be
required, the Resolution Foundation says.
The state monitoring board that controls Nassau's finances will
require the county to
cut about $ 100 million in spending in its 2018
budget to close a projected
budget deficit.
Officials in Mangano's administration have said that NIFA's requirement that the county
cut about $ 100 million in spending in its 2018
budget would
require the «elimination of important services» and «force massive layoffs.»
Madden described his spending proposal as a «tight
budget» which would
require cuts in city services outside of the police and fire departments in order to eliminate $ 2.9 million in expenses.
The school faces a
budget crisis that
requires it to restructure its debt and
cut its operating
budget by $ 10 million.
He said any decision to make further
cuts to the foreign aid
budget would not
require parliamentary approval.
In December, a month earlier than
required, Paterson proposed a gap - closing
budget balanced with a mix of spending
cuts and revenue hikes.
While Malloy is
required to submit a
budget -
cutting plan, there is no requirement that the legislature must act immediately.
Miner's proposed
budget did not call for firefighter layoffs, but it
cut $ 1.6 million in overtime pay
required to keep firefighter staffing at 69 per shift.
In addition to raising hackles among appropriators, such mandatory spending proposals also are subject to PAYGO rules
requiring any new spending to be offset by revenue increases or spending
cuts elsewhere in the
budget.