(It considered rolling back that expansion in 2017 to cover
state budget gaps, but successfully funded the program through a new voter - approved tax on hospitals and health insurers.)
Lawmakers started missing that lost money as oil prices crashed and
state budget gaps widened.
The National Governors Association says 27 of its member governors plan to close
state budget gaps by cutting education funding this year.
For more information on the New York
State budget gaps, see Rachel Bardin and Tammy Gamerman, Citizens Budget Commission, «New York City and New York State Budget Briefing» (presentation, June 23, 2015), Slide 15.
Prior to today's leaders meeting, Gov. David Paterson once again placed the blame on legislative leaders for failing to close the the $ 9.2 billion
state budget gap and reach a deal on the 2010 - 2011 spending plan.
Using a current - law baseline measure,
the state budget gap for fiscal 2018 - 19 alone was last projected by DOB at $ 4 billion, a figure the governor himself began citing recently (without further explanation) in his recent warnings about the implications of federal health care spending cuts.
Also, with
the state budget gap expected to be around $ 15 billion, Dem leaders are banking on Hil's replacement bringing home at least half of that.
With Gov. David Paterson proposing to tax music downloads as a way to narrow
the state budget gap, now's the time to fill your queue with what the music mags...
The Governor is now taking aim at cyber charters as if cutting their funds will close
the state budget gap.
Not exact matches
«Near term
budget gaps for
states are immense,» though not unmanageable, said Matt Fabian, a managing director at Municipal Market Advisors.
The 2014
budget announces that the government will introduce «legislation to prohibit unjustified cross-border price discrimination to reduce the
gap between consumer prices in Canada and the United
States,» but gives no indication what this legislation may include.
BRUSSELS, May 2 - The European Commission proposed a bigger new multi-year
budget on Wednesday that will trigger battles among member
states over how to fill the funding
gap left by Britain's exit next year.
BRUSSELS, May 2 - The European Commission met on Wednesday to agree proposals for a bigger new multi-year
budget that will trigger battles among member
states over how to fill the funding
gap left by Britain's exit next year.
They also have recent real - world examples to make their case: Tax cuts in Kansas made by Gov. Sam Brownback failed to deliver the expected boost, forcing the
state into years of grueling
budget battles and harsh spending cuts to make up the
gap.
He continued to use
budget cuts and public employee layoffs to reduce the
state's sizeable
budget gap.
Even after painful cuts,
budget gaps in those two
states alone total nearly $ 4 billion.
As the 2016 fiscal year comes to a close, first - term Governor John Bel Edwards and the
state legislature have been in crisis mode, struggling to close a fiscal 2017
budget gap that could run as high $ 800 million — and that is after $ 485 million in emergency spending cuts this year.
In this environment, which
states stand to collect the most from a cross-border sales tax, relative to their
budget gaps?
So, which
states are potentially facing the worst 2010
budget gaps?
As the 2016 fiscal year comes to a close, first - term Gov. John Bel Edwards and the
state legislature have been in crisis mode, struggling to close a fiscal 2017
budget gap that could run as high $ 800 million.
When the dust settled,
state officials were left with multi-billion-dollar
budget gaps that had to be filled.
Maglan concentrated on investing in companies with economic difficulties in the United
States but the low values in Puerto Rico and «the steps taken by the Governor to close the
gap in the
budget» attracted Maglan to invest for the first time in municipal debt.
State Comptroller Tom DiNapoli gave NYC Mayor Bill de Blasio's
budget proposal a thumbs up for the short term, saying he made appropriate use of higher than expected tax revenues to reduce out - year
budget gaps and to replenish reserves.
«My hair is red, but I have considered setting it on fire to demonstrate the urgency,» Albany Mayor Kathy Sheehan told
state lawmakers, referring to the capital city's need for $ 12.5 million to close its
budget gap this year.
The proposed $ 152 billion
budget proposal as unveiled by Cuomo did not include a contingency plan for repealing the measure, which is projected to result in a $ 3.7 billion
gap in the
state's revenues.
State aid in recent years has actually increased in state spending plans, while the budget this year closed the gap elimination adjust
State aid in recent years has actually increased in
state spending plans, while the budget this year closed the gap elimination adjust
state spending plans, while the
budget this year closed the
gap elimination adjustment.
The latest TV ad from Democratic Senate candidate Todd Kaminsky touts the passage of the
state budget in Albany, specifically mention issues close to Senate Republicans: A $ 1 billion tax cut and an end to the
Gap Elimination Adjustment.
New York City's finances look to be on solid ground, with a strong economy, a balanced
budget and out - year
gaps that are manageable under current conditions, according to
state Comptroller Tom DiNapoli's assessment of the mayor's proposed spending plan, though there are risks in the years ahead.
With the
state budget now 27 days late, Gov. David Paterson today pleaded with the Legislature to pretty please give an up - or - down passage to his proposal — enhanced with an additional $ 620 million worth of cuts and revenue to cover a deficit
gap that has opened since his Feb. 9
budget amendments.
Gov. Andrew Cuomo has said it's possible he'll call a special session to address potential
gaps in the
state budget that could total several billion dollars.
Both Cuomo and DiNapoli said the
state also is facing a $ 4 billion
budget gap next year.
Last December, Albany swiped $ 143 million in MTA funding — most of which came from dedicated transit taxes — to cover the
state's
budget gap.
Governor Cuomo released a
state budget plan that closes a $ 2 billion dollar
gap, recommends a phased in
state takeover of county health care costs, and offers an ultimatum to schools to accept a teacher evaluation program or lose access to increased school funding.
Governor Cuomo closes this year's
budget gap by reducing spending at
state agencies by $ 1.3 billion dollars, and reducing aid to local governments by another $ 756 million dollars.
Governor Cuomo released a
state budget plan that closes a $ 2 billion dollar
gap, recommends a phased in
state takeover of county health care costs, and offers an ultimatum to schools to accept a teacher evaluation program or lose increased school funding.
Gov. Paterson has concluded that Lt. Gov. Richard Ravitch is a «double agent» working for Assembly Speaker Sheldon Silver and against his own efforts to cut the
state's projected $ 9.5 billion
budget gap, The Post has learned.
Noted that
state revenues are set to drop in coming years — with
budget gaps projected to climb to $ 3.6 billion by 2020.
WNYC's Andrea Bernstein reports on the most troubling sign yet that Governor - elect Andrew Cuomo is not willing to stop Albany's practice of raiding dedicated transit funds to plug
gaps in the
state budget.
The
gaps in the New York
State budget, for the current year and the new fiscal year, are widening.
And with recounts keeping the
State Senate busy, it looks like the
budget gap won't get plugged until Cuomo is governor.
Cuomo closes this year's
budget gap by reducing spending at
state agencies by over a billion dollars.
In reality, prior to the new spending, New York
State faced out - year
budget gaps that grow from $ 2.0 billion next year to $ 4.2 billion in fiscal year 2018 - 2019.4
As illustrated in the Executive
Budget financial plan, the state will be facing significant budget gaps in each of the next three years, and a new payroll tax on employers will be a tempting target for future administrations and Legislatures looking for increased revenues, but reluctant to impose new or higher taxes directly on indivi
Budget financial plan, the
state will be facing significant
budget gaps in each of the next three years, and a new payroll tax on employers will be a tempting target for future administrations and Legislatures looking for increased revenues, but reluctant to impose new or higher taxes directly on indivi
budget gaps in each of the next three years, and a new payroll tax on employers will be a tempting target for future administrations and Legislatures looking for increased revenues, but reluctant to impose new or higher taxes directly on individuals.
The
state faces an over $ 4.4 billion
budget gap, as well as funding cuts and policy changes from Washington that could cost New York and some of its taxpayers billions of dollars.
The PSC's press release (not sent out by the Schneiderman campaign) quotes from the Times» endorsement senator and also highlighted his effort to combat the «corrupting influence of big corporations» and support of tax increases on the wealthy to help close the
state's chronic
budget gap.
A looming fiscal challenge awaits Gov. Andrew Cuomo and
state lawmakers as
budget gaps are opening up in the coming years, forcing decisions on issues ranging from school aid to Medicaid spending.
The mid year financial report released by Cuomo's
budget office says options to close the
gap include more cuts to
state agencies, delaying payments to local governments and schools, suspension of some construction projects, and even borrowing money short term to pay for operating expenses.
Many proposals in Washington right now including the changes to the Affordable Health Care Act, could mean multi billion dollar
budget gaps for New York
State.
But there's also a question of whether it should be a priority in a year when the
state is dealing with a $ 4 billion
budget gap.
Aresimowicz also expressed strong optimism Wednesday that talks with
state employee unions will reach a deal on concessions to help close the projected
budget gap that is now more than $ 2 billion for the next fiscal year.