Sentences with phrase «spending under cap»

Not exact matches

Under a continuing resolution passed last week in place of actual federal spending bills, Pentagon budgets are capped at 2015 levels, severely limiting the service branches» ability to start new programs or even shutdown programs they don't need anymore.

If Democrats and Republicans can't find a way to spend within those limits, the sequester kicks in, which brings federal spending under the statutory caps via automatic, across - the - board cuts.

The cap for 2014 is $ 967 billion, so lawmakers can either agree on spending reductions that would bring the federal budget under limit, or they can decide they need to spend more and take down the BCA.

Under terms of the new agreement, there is an annual cap on spending on international amateurs, of no more than $ 5.75 million per team in total.

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After an eventful four years as governor, Cuomo is running on his record of accomplishments: A property tax cap, the legalization of same - sex marriage, a sweeping gun control law and enacted budgets that have kept spending increases under 2 percent.

Moreover some have already spent funds on the local government elections in May or the Northern Ireland Assembly elections, without knowledge that a future snap election would bring that spend under regulation and within a future cap.

The Governor prioritized education spending in his budget proposal, including growth that is twice what would be allowed under the cap.9 To truly prioritize education the State should reform the Foundation Aid formula to ensure the highest needs districts are properly funded without unnecessarily sending aid to the wealthiest districts.

One proposed spending plan would stay within the 0.65 percent tax cap; another would exceed that limit but keep the increase under 2 percent.

Overall, Cuomo's budget caps state spending increases at under 2 percent over last year's budget.

«This budget caps spending under 2 percent for the seventh year in a row and includes a tax cut that will save 6 million middle - class taxpayers an average of $ 250 this year,» he said.

«We formed the Senate majority coalition because we believe that it is the best way to continue to build on the progress we've made over the last two years in ending government dysfunction, bringing spending under control, enacting a property tax cap and helping businesses create new jobs.

If so, the CFB could count those against the $ 182,000 spending cap for the Democratic primary, should Abbate participate in the city's public matching funds program, a program which effectively lets candidates multiply sevenfold every donation under $ 175 they receive from a resident of the five boroughs.

At least $ 950 million has already been spent on site development and years - long efforts to cap four enormous mounds of trash under the fields, trails and playgrounds that will make up the park.

«The concern is whether schools and municipalities can continue to deliver services at the levels of spending necessary to stay under the cap and whether the poor school districts will have the hardest time,» Levy said.

«And quite frankly, I don't see how it comes under the 2 % (spending) cap that we've been complying with.»

In doing so, State education spending will remain under the school aid cap while providing all districts with sufficient funds to provide a sound basic education.6

The SALT cap also will increase the effective cost of State and local government services at the margin; each new dollar of State and local government spending will cost New York taxpayers more than under previous federal law.

So how has the county managed to stay under the state - imposed tax cap and reduce tax rates while still increasing spending to covering costs associated with county programs, services and personnel?

The Committee to Save New York has made public, under state lobbying disclosure rules, that they've spent over $ 12 million dollars on advertising and other promotions of Governor Cuomo's policy agenda, including a property tax cap and budget cuts.

«This year, working in a bipartisan manner, we've accomplished some very important things for the people of this State ---- including eliminating a $ 10 billion deficit, bringing spending under control and capping property taxes,» Majority Leader Skelos said.

Cuomo's budget would raise total spending by 2.3 %, though state taxpayer supported spending would grow by 1.9 %, the eighth straight year it has been under the governor's self - imposed 2 % cap.

Dutchess County Executive Marcus Molinaro, Monday, presented his proposed 2013 budget of $ 408.3 million that comes in under the two percent state tax cap and reduces spending by $ 7.6 million.

This budget is under the state property tax cap, And it keeps our spending under the rate of inflation even though our costs have increased.

Cuomo was endorsed by the lobby group in 2010 and embraced in his first term a number of key economic measures such as a cap on property tax increases and has limited spending in the state to under 2 percent in his budgets.

«When he took office, Governor Cuomo recognized that taxes on New York's residents and businesses were far too high which is why he enacted the state's first ever property tax cap, established the lowest tax rate for the middle class in 58 years and brought state spending under control.»

The budget proposal reduces county spending by more than $ 7.6 million dollars and includes a property tax levy under the Property Tax Cap.

Under Cuomo's plan, local governments and school districts would be allowed to increase spending up to the current tax cap limit of two percent a year.

«And quite frankly, I don't see how it comes under the 2 percent (spending) cap that we've been complying with.»

PLATTSBURGH The Town of Plattsburgh's the tentative 2018 spending plan shows that the town is firmly under the state tax cap.

Cuomo said, under the budget extender, New York becomes the first state to cap the growth of prescription drug spending in its Medicaid program, which he said has grown 25 percent over the past three years.

To cut a long - term spending deal, Democrats are pushing for an equivalent increase in both defense and nondefense funding above the spending caps set under a 2011 budget agreement - one similar to agreements reached in 2013 and 2015 to raise the caps for the following two years.

«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.

South Huntington's superintendent, however, took issue with the findings by auditors from state Comptroller Thomas DiNapoli's office, saying the district was being criticized for exercising careful spending under the limit of the state - imposed tax cap.

«I'm pleased to present a proposed budget that demonstrates my administration's effort to stabilize county finances, ensure our county safety and our vibrancy,» said McCoy, a Democrat, who hails the $ 679 million spending plan as one that builds on the county's «sound» fiscal practices while keeping county spending under the state - mandated tax cap for the fifth year in a row,»... despite the continuous pressures of unfunded mandates and the real cuts we face in 2018 for state aid and programs such as foster care.»

The plea capped a controversial four year tenure in Congress, most of which Grimm spent under the shadow of a federal investigation initially focused on allegations of illegal fundraising in his 2010 campaign.

Cuomo has argued that the statewide tax - levy cap, enacted six years ago, has helped to keep state spending under control.

The tentative spending plan, released late last month, shows that the county is poised to remain under the state tax cap for the seventh consecutive year.

GOP lawmakers have proposed winding down the Medicaid expansion that added 17 million people in 31 states and the District of Columbia under the ACA, and also eventually capping the program's spending per capita.

Still, Cuomo remains proud of the property tax relief enacted under his administration, including the property tax cap that, while good for taxpayers, has left some local governments and school districts scrambling to constrain spending despite rising health care and pension costs.

Under this scenario, discretionary spending (and thus, R&D) falls off a cliff in FY 2020, as is scheduled to happen under current law following expiration of the recent spending cap deal (see this link, especially the first grUnder this scenario, discretionary spending (and thus, R&D) falls off a cliff in FY 2020, as is scheduled to happen under current law following expiration of the recent spending cap deal (see this link, especially the first grunder current law following expiration of the recent spending cap deal (see this link, especially the first graph).

Under the deal, federal discretionary spending this year and next will total roughly $ 300 billion more than allowed by the caps.

Against that backdrop, a major topic of discussion on all sides will be how to deal with the spending caps mandated under the 2011 Budget Control Act.

Under ESSA, states are now permitted to institute a cap on the amount of time students spend taking tests.

(4) Notwithstanding any general or special law to the contrary, if a district qualifying under paragraph (3) is no longer in the lowest 10 per cent, the net school spending cap shall be 9 per cent; provided, however, that if the board of elementary and secondary education previously approved a higher level of enrollment for a charter school in the district while the district was in the lowest 10 per cent, the net school spending cap shall remain at the level necessary to support such enrollment.

Malloy claims that his $ 19 billion proposed budget for this coming year includes a $ 22 million surplus and is under the state's constitutional spending cap by $ 8 million.

For these borrowers, PAYE and the IBR offer very similar terms, though PAYE is slightly more borrower - friendly for two reasons: (1) if a borrower no longer has a partial financial hardship, all outstanding interest is capitalized under IBR but the amount of interest capitalized is capped under PAYE; (2) borrowers in IBR who wish to change to another repayment plan must jump through a procedural hoop of spending at least one month in the standard repayment plan before switching to their desired plan, and borrowers in PAYE face no such switching hurdle.

• After spending over $ 875 million on acquisitions in the past ten years, MRV's current market cap today is under $ 150 million.

Under the points - based program, dubbed Ultimate Rewards, customers will earn points for every dollar spent on certain Chase credit cards, with no earnings caps or expiration dates.

Those are fairly broad categories ranging from the traditional to the more unique and a relatively high spending cap under which you'll earn at that 3 percent rate.