Sentences with phrase «revenue during the economic downturn»

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.

Not exact matches

During the presentation, panel chairman Richard Halverson, a former assistant deputy director of the New York City Financial Control Board, said the main cause of the county's deficit is the economic downturn, which created slumping sales tax revenue.

For the first time in history, the federal government has assumed a dramatic new school - funding role, that of banker of last resort, providing stopgap revenues to the nation's schools during economic downturns.

However, I have also been told that the fact they charge so many fees has helped them fare better than the US banks during this economic downturn because a fair portion of their revenue is made off of the fees.

This bolstered their revenue significantly during the economic downturn.