Sentences with phrase «severe budget deficits»

A significant number of states are experiencing severe budget deficits due to loss of state tax revenues and no quick turnaround is expected.

William Spencer (D - Centerport) said Tuesday he's now a «yes» vote for a county facing a severe budget deficit.

Not exact matches

Despite severe cost cutting, scores of layoffs and wholesale restructuring last year, Chicago Public Schools faces a budget deficit estimated at $ 600 million to $ 700 million in 2013, with the cost of a longer school day still unknown, officials said.

The budget deficit in IMF article 4 is projected to be 3.8 so ladies and gentlemen next year, let us be assured that there will be severe austerity equivalent to 1983.

The budget deficit in IMF's article four is projected to be 3.8 %, so ladies and gentlemen, next year, let us be assured that there is going to be «ahutsere» — severe austerity equivalent to 1983; you should expect that,» he stressed.

According to an audit released today by state Comptroller Tom DiNapoli's office, «inaccurate budgeting» by the Hudson River city has left it with a $ 11 million general fund deficit and caused «severe» fiscal stress.

Furthermore, public spending in EU countries is under severe constraints, because budget deficits must not exceed 3 % of GDP.

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.

While federal cuts to education would cause all districts to either reduce services or compensate for deficits with state or local dollars, Trump's proposed budget would have the most severe impact on districts with high concentrations of poverty and other challenges.