Sentences with phrase «state debt reform»

That limit is based on the state Debt Reform Act of 2000, which established limits on debt outstanding and debt service.

Not exact matches

Unless China is able, very improbably as I have argued, to reform the financial sector deeply enough and quickly enough, the cost of a more competitive (i.e. more highly subsidized) export sector is ultimately a rise in the debt burden, unless of course Beijing is willing to tolerate higher unemployment or to implement greater wealth transfers from the state to the household sector.

The International Monetary Fund warned Arab states on May 2 against complacency over a looming debt crisis, urging continued economic reforms despite a rise in oil prices.

However, at a glance, the consultants recorded a 42 % level of implementation across the 36 states, other percentages are 60 % for Public expenditure reforms as against 69 % from the NGF, 56 % for PFM which is the same with what the Forum recorded and 35 % level of implementation for public debt as against 54 % recorded by the NGF.

She stated the objectives as; to Improve Accountability & Transparency, to Increase Public Revenue, to Rationalise Public Expenditure, to Improve Public Financial Management and Sustainable Debt Management, stressing that state governments have agreed to the reform.

The Reform Party of New York State represents the interests of voters who are concerned with out - of - control spending, growing budget deficits, an unsustainable national debt, as well as gross mismanagement in government and unethical behavior from elected representatives.

The report released Wednesday includes recommendations for reform to discretionary lump sum spending, restrictions on so - called «backdoor spending» through public authorities and further limits on state debt through the constitution.

The Debt Reform Act also prohibits the state from issuing debt without voter approDebt Reform Act also prohibits the state from issuing debt without voter approdebt without voter approval.

The comptroller's debt reform proposal includes a constitutional amendment to limit all state - funded debt to 5 percent of personal income beginning in the 2027 - 28 fiscal year.

Senate Republican leader John McKinney of Fairfield said, «Paying off our pension debt is a good thing, but doing so outside of the spending cap shows that Governor Malloy is still not serious about reducing unnecessary state spending and, further, that he is not serious about pension reform.

In February 2014, Sweeney responded to Governor Chris Christie's 2014 budget address and opposed any more new reforms to the state's retirement system, despite a $ 52 billion public pension debt.

On December 13, 2010, National Assembly representatives from the Fidesz — Christian Democratic People's Party governing alliance passed the Pension Reform and Debt Reduction Fund Law that permanently transferred mandatory private pension - fund contributions to the state unless employees indicated by January 31, 2011 that they wished to continue making payments to the funds.

The WFP, which is closely aligned with the radical group ACORN, is composed of a variety of public employee unions and special interest organizations that oppose fiscal reform in state and local government and promote increasing spending, raising taxes, and expanding debt to bloat the public workforce.

«This budget will include the most fundamental debt reform in the history of New York State, while ensuring that we continue the largest and most sustained tax - cutting campaign of any state in American history,» Governor Pataki State, while ensuring that we continue the largest and most sustained tax - cutting campaign of any state in American history,» Governor Pataki state in American history,» Governor Pataki said.

Governor George Pataki, Senate Majority Leader Joseph Bruno, and Assembly Speaker Sheldon Silver Tuesday announced agreement on a $ 77.5 billion state budget that includes $ 1.2 billion in new tax cuts and a new debt - reform statute.

Pataki lacks the infrastructure, his allies admit, but he has appeared in the states as a leader of two political action committees fighting the national debt and the health care reform law the President signed in 2010.

Debt reform: The debt - reform law would be «the most fundamental debt reform in the history of New York State,» the Governor sDebt reform: The debt - reform law would be «the most fundamental debt reform in the history of New York State,» the Governor sdebt - reform law would be «the most fundamental debt reform in the history of New York State,» the Governor sdebt reform in the history of New York State,» the Governor said.

DiNapoli called for a host of reforms to curtail state borrowing, including a constitutional amendment to limit total debt to 5 % of New York's personal income and a ban on so - called back - door borrowing — the issuance of state - funded debt through public authorities and other entities.

In a statement issued on 12 October, the U.S. Department of State cited three reasons for its decision: UNESCO has an «anti-Israel bias,» needs «fundamental reform,» and the United States has a mounting financial debt to the organization that, under U.S. law, it can not pay.

Unfortunately, most state leaders are letting their debts prevent reforms that would be good for teachers.

As student loan debt piles up across the country, the Governor of New York hopes to alleviate the burden for many families and working Americans in his state by listing a proposed reform agenda set for the floor in 2018.

«Substantial abuse» was expanded by the Bankruptcy Reform Act, which went into effect on October 17, 2005, to include a Means Test which allows Chapter 7 only if a debtor has less income than the median for the state of residence, or can pay less than 25 % of his or her unsecured debt from income remaining after meeting expenses over a 5 year period.

179 - D Energy Efficient Commercial Building Tax Provision Capital Gains Capital Gains — Carried Interests Capital Gains Exclusion on Sale of Principal Residence Denial of Interest Expense Deductibility Depreciation — General Estate Tax Reform Foreign Investment in Real Property Tax Act (FIRPTA) Immediate Write - off (Expensing) of Commercial Buildings Independent Contractor Internet Sales Tax Fairness Section 1031 Like - Kind Exchange Mortgage Debt Cancellation Relief Mortgage Interest Deduction State and Local Tax Deductions Tax Reform