Sentences with phrase «required budget reduction»

Not exact matches

[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.

The required administrative savings will, therefore, result in an offsetting reduction in the lapse adjustment, which the Department of Finance did not take into account in Budget 2010.

The required administrative savings will, therefore, result in an offsetting reduction in the lapse adjustment, which the Department of Finance did not take into account in either the 2010 or 2011 Budgets.

The required reduction in 2017 - 18 is larger than the one - year cumulative restraint measures introduced since the March 2010 Budget.

CRFB has suggested requiring budget resolutions to include reconciliation instructions to achieve any deficit reduction from revenues or mandatory spending assumed in the budget resolution.

Initially, the recreation center was proposed at 92,000 square feet, but budget limitations required a reduction to 82,000 square feet, said Gary Major, parks and recreation director.

«I am confident that the 10 percent reduction can be achieved without requiring new closures of state parks or historic site by reevaluating our operations to identify additional efficiencies, eliminating redundancies, and examining how savings from actions taken in the current fiscal year will help in in the next fiscal year,» said Andy Beers, acting commissioner of the Office of Parks Recreation and Historic Preservation, before a joint legislative budget committee this morning.

This budget, according to Day, is required to set a course to reaching that goal of deficit elimination and debt reduction without further pain to Rockland's taxpayers.

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.

The reduction, required by the failure of policymakers to abide by the terms of a 2011 law designed to reduce the federal deficit over the next decade, reduced the lab's budget this year by $ 100 million, to $ 1.5 billion.

This deficit spending will ultimately require severe, across - the - board reductions in domestic programs, and Trump has already signaled, in both his proposed FY2018 and FY2019 budgets, that he favors billions in cuts to education.

The 2011 - 12 Budget Act also required school districts to assume the same level of per - pupil funding in 2011 - 12 as they received in 2010 - 11, essentially requiring COEs to ignore proposed trigger reductions when reviewing school district budgets, according to the report.

Israel Rios, Jubilee's principal, said the network could be of greater use now than ever before to small schools such as his and larger districts because even with budget cuts and staff reductions, students still have to complete required courses.

The Paperwork Reduction Act (PRA) of 1995 (PRA) requires that agencies obtain Office of Management and Budget (OMB) approval before requesting most types of information from the public.

The information gathered by and supporting the Mileage - Based Road User Charge System requires Office of Management and Budget (OMB) approval under the Paperwork Reduction Act.

With Congressional representatives unable to reach any sort of a compromise, the federal budget sequestration process is about to go into full swing, a process that will require reductions in all federal government services and programs, as well as furloughs or layoffs of an estimated 108,000 federal agency employees, according to a Center for Strategic Budgetary Assessments report.

In summary, a strong case can be made that the US emissions reduction commitment for 2025 of 26 % to 28 % clearly fails to pass minimum ethical scrutiny when one considers: (a) the 2007 IPCC report on which the US likely relied upon to establish a 80 % reduction target by 2050 also called for 25 % to 40 % reduction by developed countries by 2020, and (b) although reasonable people may disagree with what «equity» means under the UNFCCC, the US commitments can't be reconciled with any reasonable interpretation of what «equity» requires, (c) the United States has expressly acknowledged that its commitments are based upon what can be achieved under existing US law not on what is required of it as a mater of justice, (d) it is clear that more ambitious US commitments have been blocked by arguments that alleged unacceptable costs to the US economy, arguments which have ignored US responsibilities to those most vulnerable to climate change, and (e) it is virtually certain that the US commitments can not be construed to be a fair allocation of the remaining carbon budget that is available for the entire world to limit warming to 2 °C.

The enormous increase in the magnitude of the challenge that has been caused by delay given the limited carbon budget can be seen from a recent statement of Jim Hansen who said that «the required rate of emissions reduction would have been about 3.5 % per year if reductions had started in 2005 and continued annually thereafter, while the required rate of reduction, if commenced in 2020, will be approximately 15 % per year.

In any event the US INDC, as well as all INDCs, should be expressed as a total number of carbon tons rather than as a percent reduction by a specific year given that a carbon budget requires nations to fairly allocate the remaining carbon budget necessary to limit warming to 2 °C.

Because allocation of national ghg emissions is inherently a matter of justice, nations should be required to explain how their ghg emissions reduction commitments both will lead to a specific atmospheric greenhouse gas concentration that is not dangerous, that is, what remaining ghg CO2 equivalent budget they have assumed that their commitment will achieve, and on what equitable basis have they determined their fair share of that budget.

The higher the activity growth rate of the company, the greater the portion of the sector budget it is allocated and the larger the reduction of physical intensity required.

This mechanism would even have permitted reductions, if required, to meet an overall budget limit.

As the briefing paper reminds us, fees were introduced against the background of a 23 % reduction in the Ministry of Justice's budget following the spending review which required the MOJ to make # 2bn of savings.

The position is required to negotiate deals, manage budget, induce cost reduction strategies and... Read More»

The position is required to negotiate deals, manage budget, induce cost reduction strategies and mobilize the team effectively to reach set business growth targets.

Significant staff reductions required revisiting the timing of some aspects of its implementation as the reassignment of staff roles due to budget cuts were implemented across the county.