«What the chancellor said yesterday doesn't necessarily mean further
public spending reductions over and above what we've already announced,» he added.
The majority of the savings from the
automatic spending reductions would stem from further cuts in discretionary spending (beyond those embodied in the new law's caps on discretionary budget authority).
The central agencies had a full understanding on what was possible, and what was not, in developing the appropriate departmental
spending reduction targets.
If federal support is reduced by $ 850 million or more, the state budget director will develop a plan to make
uniform spending reductions.
So we are working with the police to find savings and efficiencies that, eventually, could save more than the
total spending reductions we are asking the police to make.
This leads back to the simple question: Isn't it possible that
forced spending reductions will make the education system more efficient?
George Osborne's declaration that he would make a further # 25bn of
spending reductions in the next parliament, half of the cuts to come from non-pensioner elements of the welfare budget, was gratefully seized on by Mr Clegg as another opportunity to put distance between his party and the Tories.
The next round of budget extenders won't include education spending cuts, but will
include spending reductions on mental health and human services — plus a tax hike on cigarettes.
During the previous administration, a majority of evangelicals favored cutting US assistance to the world's poor — their top choice
for spending reductions.
The Liberals, in their election platform, presented a «Sources of Funds» table, itemizing the revenue increasing and
spending reduction measures that they would implement to fund their proposed initiatives [1].
Stephen Twigg MP, shadow education secretary, responds to figures released today which show education funding faces
biggest spending reduction since the 1950s:
Department of Education responds to figures released today which show education funding faces biggest
spending reduction since the 1950s.
House Republicans are calling for $ 135 million in general
state spending reductions in the first year of their 24 - month plan.
Andrew Hastings, chief development officer at the National Philanthropic Trust, noted the phenomenon at the end of 2012 with the so - called fiscal cliff, the combination of expiring tax cuts and across - the - board
government spending reductions.
The peak industry group, which represents more than 60,000 businesses across manufacturing, engineering, telecommunications, mining, airlines and related sectors, will caution the Turnbull government against large cuts but call for careful
spending reductions across aged care, health, the pension system and the public service to fund a company tax cut as a key priority.
Osborne's current
spending reduction plans are incredibly tight, despite the extra leeway given to him by a positive outlook from the OBR.
The $ 37 billion in the stimulus package that is intended to offset reduced state and local education revenue in 2009 will cushion what would otherwise likely have been the first significant per -
pupil spending reduction in 60 years.
Inner city areas of Liverpool and Manchester and parts of London including Hackney will be worst hit
with spending reductions of 8.9 per cent.
The Senate budget could be improved by allowing for smart tax reform that does not add to the debt as well as reconciliation instructions for
mandatory spending reductions.
Issuing $ 2 billion in bonds to help close the fiscal 2010 - 11 budget gap would cost $ 2.5 billion to repay over 10 years, he said, while
recurring spending reductions of $ 2 billion a year would generate savings of $ 20 billion over the same period.
A third change that stands out from the table, possibly related to the second, is an apparent shift from short - and - sharp spending squeezes in the early decades of twentieth century to more long - drawn - out spending squeezes with lower
annual spending reductions in more recent times.
Cuomo is cleverly insisting upon flexibility to demand uniform
spending reductions if and when the feds slash their support by $ 850 million or more.
A spending plan approved by the House of Representatives includes cuts to the Pacific Tsunami Warning Center, among
other spending reductions to the National Weather Service.
These cuts are coming on top of the across - the - board 10
percent spending reduction Cuomo ordered for the agencies in his first executive budget, which also created a Spending and Government Efficiency Commission to cut state agencies, commissions and authorities by 20 percent.
In the op - ed, Adams said that Governor Paterson's recently
announced spending reductions would still result in a budget that increases overall spending by 3.7 % as compared to last year, and did not address a proposed $ 1.3 billion in new taxes and fees that would increase costs for New York businesses at a time when they can least afford it.
It's a politically popular path: In a poll released last April, the Pew Research Center asked voters whether they
supported spending reductions to 14 specific budget areas.
If the state has to make
spending reductions as a result of federal funding cuts to health care, it should not look to its other largest area of investment — education aid — as a target, a top Democratic assemblywoman warns.
Governor Paterson's proposed SFY 2009 - 10 Executive Budget contains tax increases and construction
spending reductions which may be of interest to you.
HANYS President Dan Sisto assailed Gov. Andrew Cuomo's proposed budget during a CapTon interview last night, taking the governor and his business community allies to task for being unwilling to extend the so - called millionaire's tax while advocating
deep spending reductions in health care and education.
The real danger in the current negotiations, isn't so much that they might not be finalized until shortly after Oct. 17 — the Treasury would be able to pay creditors and all its bills until Oct. 22 — but that they will lead to more
abrupt spending reductions.
After all, the first round of meat - cleaver
style spending reductions doesn't seem to have had much of an effect on U.S. growth so far.
The second tranche of the sequester is set to kick in on Jan. 15 unless House and Senate can reach a compromise on
new spending reductions or, better still, agree to repeal the law that imposes the sequester in the first place.
For example, if Congress extends tax provisions that expired at the end of last year or will expire in the future and enacts an unpaid - for repeal of the automatic
spending reductions known as the sequester, ten - year deficits would increase by $ 1.7 trillion (from $ 10.1 trillion to $ 11.8 trillion) and result in debt in 2027 reaching 97 percent of GDP (instead of 91 percent).