Today, UC President Mark Yudof released a furlough plan that would shave $ 184 million from the university's projected $ 813 million
shortfall in state funding over the next 2 years.
Not exact matches
State pension funds, facing a potential multitrillion - dollar shortfall, find themselves in the center of a four - way battle: Employees and retirees expect to be paid their promised benefits; the pension systems have clear obligations but may not have the resources to pay them; politicians are looking for ways to resolve the underfunding and balance the burden among retirees and workers; and state taxpayers, challenged to provide for their own retirements, resent the additional tax
State pension
funds, facing a potential multitrillion - dollar
shortfall, find themselves
in the center of a four - way battle: Employees and retirees expect to be paid their promised benefits; the pension systems have clear obligations but may not have the resources to pay them; politicians are looking for ways to resolve the underfunding and balance the burden among retirees and workers; and
state taxpayers, challenged to provide for their own retirements, resent the additional tax
state taxpayers, challenged to provide for their own retirements, resent the additional tax load.
The governor and
state Legislature laid out a plan as part of the budget package
in April to cope with any potential
shortfalls resulting from a dramatic decrease
in federal
funds.
Specifically, he mentioned the administration's elimination of the
state's share of
funding for local administrative costs of child support enforcement and collection and he called on the
state to fill a $ 5 million
shortfall in funding for the Nurse - Family Partnership Program.
A source close to the negotiations said that all three sides were close to agreement on a mechanism that would allow the
state to respond to a drop
in federal Medicaid
funding by initially trying to find a legislative solution or, if one could not be reached, empowering the executive branch to make an across - the - board cut to service providers to make up the
shortfall.
If enacted, the
state would deposit the tax revenue
in a proposed health care
shortfall fund that would offset losses to New York from cuts
in federal health care
funding to the
state.
Aregbesola said the harmonisation of 2012 retires by theFederal Government through the Pension Transitional Arrangement will serve as a relief to
states who were hitherto affected by the
shortfall in the
funds accruable to
states.
Mr Cameron also called for international action to secure humanitarian access to war zones... Mr Cameron announced Britain's new aid contribution - bringing the total UK
funding for assistance
in Syria and neighbouring
states to # 400million - at a meeting he called to urge fellow leaders to dig deep to
fund a $ 3billion (# 1.9 billion)
shortfall in the United Nations appeal for Syria.»
NYCHA highlighted the extent of its
shortfalls in a statement sent to the Observer, and emphasized its primary concern is compensating for years of lost federal and
state funding and fixing up its infrastructure.
The
state already has a projected a $ 4 billion budget
shortfall in the coming year and is bracing for additional cuts
in federal
funds for health care and other services.
Cuts / freezes
in federal or
state aid just ramp up pressure on local systems (pressure to cover the
funding shortfall).
And
in a landmark ruling, the Kansas Supreme Court has ordered the
state to address significant
shortfalls in how its public schools are
funded, citing low academic achievement by black, Hispanic, and low - income students as among the deciding factors.
«The current system of facilities
funding leaves school districts unprepared to provide adequate and equitable school facilities...
In total, the nation is underspending by $ 46 billion — an annual
shortfall of 32 %,» the report
states.
Meanwhile,
state officials reported dropout decreases
in large school systems such as Charlotte - Mecklenburg Schools and Wake County Schools, although some public school advocates point out that may only indicate
state funding shortfalls will have the least impact on school systems with the resources to blunt the damage.
A private religious school receiving by far the largest payout from the
state's new school voucher program was
in financial trouble during the last school year, pleading for help from the public online to
fund its $ 150,000
shortfall so the school could complete the 2013 - 14 school year.
Zimmer identified three factors pushing the district toward the financial abyss: the federal government's reneging on promises of more money for special education students, creating a $ 200 million
shortfall for the district; the
state's «extremely low» per - pupil
funding level and the district's steady decline
in enrollment.
And while local officials acknowledge multiple factors may play into tonight's decision, Central Elementary's plight has become a rallying cry among public education advocates
in North Carolina this month, with some castigating
state lawmakers for handing down
funding shortfalls that increasingly strain local school systems.
Backers of the legislation wanted to prevent students like Jacob from falling through the cracks
in the
state's public - school system, where many districts are struggling with
funding shortfalls.
Washington, D.C. --(March 23, 2016)-- The
State of Our Schools: America's K — 12 Facilities report, released today by the Center for Green Schools at the U.S. Green Building Council (USGBC), the 21st Century School
Fund and the National Council on School Facilities, shows that the nation faces a projected annual
shortfall of $ 46 billion
in school
funding, despite significant effort on the part of local communities.
The report features an
in - depth,
state - by -
state analysis of investment
in school infrastructure and focuses on 20 years of school facility investment nationwide, as well as
funding needed moving forward to make up for annual investment
shortfalls for essential repairs and upgrades.
Governor Corbett and
state lawmakers used a revenue
shortfall in the 2011
state budget justify slashing nearly $ 900 million
in public education
funding.
Justice, a Republican, has promised to convene a task force as early as this week to figure out a way to resuscitate the insurance agency, whose severe
funding shortfalls have resulted
in rising co-pays and other health - care costs not only for public - school teachers but also for
state employees across the board.
For example, a teacher
in Iowa, a
state with strong fiscal health and a substantial surplus, recently discovered that her pension contributions were recently raised to cover a multi-billion dollar
shortfall in the
state's teacher pension
fund.
The bulk of the aid increase proposed for next year would be split
in three ways: $ 408 million to reimburse schools for costs such as transportation, construction and BOCES services; $ 266 million for Foundation Aid, the main source of
funding for general school operations; and $ 189 million to partially restore the Gap Elimination Adjustment (GEA), a practice of diverting promised
funding from schools that began six years ago to help the
state deal with a budget
shortfall at that time.
All the proposals to increase the
state's special population programs — including recognized
shortfalls in funding or bilingual education and English as a second language (ESL) programs and
state compensatory education — were turned away.
For the past few years, federal emergency recovery
funds made up at least part of the
shortfall in state and local revenues caused by the steep recession, but that won't happen again.
The
shortfall from the
state's pension
funds reached an all - time high of $ 111 billion
in 2014, $ 62 billion of which was attributable to TRS.
Two South Florida
state lawmakers plan to ask the Legislature to increase the public education budget, which they say was insufficiently
funded during the 2018 Legislative Session and anticipate a budget
shortfall exacerbated by mandates passed
in the Marjory Stoneman Douglas High School Public Safety Act.
With recent tax policy changes creating large national deficits and
states facing persistent budget
shortfalls, finding ways to pay for new policies is always difficult.93 Below is a list of some creative ways to
fund the ideas listed
in the previous sections.
The S&P 500 dropped 39 %
in value
in 2008, causing some
state 529 college savings plans to lose money and many prepaid tuition plans to have actuarial
funding shortfalls.
So the
state continuing to increase
funding for shutting down poorly - run breeding operations
in spite of these budget
shortfalls is HUGE.
In addition to increasing enrollment,
funding shortfalls across several
states act as an additional driver of student housing solutions from the private sector.
Millions of government workers are relying on these plans, and with various
states in a pension
shortfall, employees are at risk of losing much - needed
funds.