Sentences with phrase «revenue under a cap»

Not exact matches

As mayors prepared to make their case, the state School Boards Association released a survey that found work force costs in schools outside the state's major cities are on track to grow an average of more than $ 1 billion annually by the 2013 - 14 school year; revenues under a tax cap, however, would grow only $ 229 million per year through 2013 - 14, on average.

However, to stay under the cap we were compelled to forgo that additional revenue.

But the cap has come under criticism, too, from local government advocates and school districts who say it has made raising revenue too difficult.

But while tax revenues have been successfully limited under the cap, Michael Borges with the New York State Association of School Business Officials said districts» costs, including health care and transportation, have continued to rise much faster than the average rate of inflation.

«My audits have shown some school districts will be able to rely on ample rainy day funds to offset the low growth in revenue, but others must examine their budgets to determine where they can limit spending or cut costs in order to stay under the cap,» Mr. DiNapoli said in a statement.

Schools have struggled in recent years with a property - tax cap that limits their ability to raise local revenue, and they're operating under soaring pension and health - care costs.

Districts must report projected levies to the comptroller each year by March 1 under the state's tax - cap law, which also restricts the amount of revenue that they can raise through property taxes.

But, while tax revenues have been successfully limited under the cap, Michael Borges, with the New York State Association of School Business Officials, says schools» costs, including health care and transportation, have continued to rise much faster than the average rate of inflation.

Somewhat restores the energy efficiency exemption under revenue caps, by imposing a two - year freeze on energy efficiency projects.

What's commonly been defined as the district's budget gap in the past — the difference between the cost to continue existing programs and salaries and what the district is allowed to tax under state revenue caps — is actually $ 1.2 million.

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A combination for the regulated sectors of a «cap and trade» model, under which polluters could trade pollution permits on an open market, and a «cap and dividend» model, which would return revenue from the sale of permits directly to consumers.

Former Rep. Bob Inglis, a Republican from South Carolina, is floating a «revenue - neutral» cap - and - trade alternative that would return all of the money to consumers, under his new role as head of George Mason University's Energy and Enterprise Initiative, E&E Daily reported this week.

More Tools to Understand Cap & Trade Cap and Trade Definition: It's All Easier To Understand Than You Think Cap and Trade Explained in Under Four Minutes (Video) Obama's Cap and Trade Would Generate $ 645 Billion in «Climate Revenue»

In truth, we have choices about what to do with the tax revenue under either a cap or tax, some very good (like a dividend) and some very bad (like subsidies to the already - subsidized).

Under the terms of the merger agreement, if the combined company is required to divest assets or businesses for which revenues exceed $ 75 million up to a cap of $ 225 million in order to receive required regulatory approvals, the purchase price will be adjusted down on a pro-rata basis to a minimum purchase price of $ 45.50 per share of common stock.