Sentences with phrase «state operating funds»

Historically, the gap has exceeded $ 600 per pupil in base state operating funds.

K - 12 public schools received a proposed budget of $ 21.4 billion in state and local funding, an increase of $ 769.6 million; Florida colleges received $ 1.24 billion in state operating funds, an increase of $ 31.9 million; College students got a proposed continuation of Bright Futures» funding for 100 percent of Florida Academic Scholars» fees and tuition.

The budget is able to exploit this loophole by not «adjusting for payment timing differences and accounting changes,» such as through premature debt service payments or «shifting expenditures out of state operating funds spending.»

In a later report, CBC also criticized Governor Cuomo for misleadingly saying that the adopted budget continued his «record of holding State Operating Funds spending annual growth to no more than 2 percent.»

State operating funds would grow by 1.9 %, marking the seventh straight year of Cuomo's self - imposed 2 % cap on state spending hikes.

The most recent state financial plan assumed state operating funds would grow by roughly 4 percent for the next several years, Cuomo's latest budget assumes only half that growth, allowing the administration to project a $ 2.2 billion surplus by the 2016 - 17 fiscal year, according to the briefing book.

«Two percent growth in state operating funds yields the «surplus» he's talking about.

The state operating funds budget includes covers all dedicated and special tax fees, bank settlements, and Lottery revenues, college tuition revenue — as well as general taxes — to fund the state government.

«The specific amount of such spending — which could impact growth in State Operating Funds expenditures — is not projected in the Executive Budget.»

«The State Operating Funds basis of reporting is the best, most inclusive measure of spending for New York tax dollars, which is why the Governor keeps that number at 2 percent — a record of fiscal restraint we are very proud of,» said Cuomo budget spokesman Morris Peters.

Cuomo has set a unique benchmark for his budgets: holding the growth of spending from state operating funds to two percent or less.

The program should be structured like NY / NY III and provide full state operating funds for these units.»

Under this proposal, state operating funds spending (excluding capital) would increase to $ 92.0 billion, an increase of 1.7 % or $ 1.5 billion.

Even by that more favorable measure, the comptroller's estimate indicates the gap has grown to the daunting level of $ 5.4 billion, equivalent to nearly 6 percent of total state operating funds spending.

Compared to the numbers in the DOB's August financial plan update, the comptroller's staff projects that state operating funds receipts will be a net $ 1.8 billion lower in the current fiscal year, which ends March 31, and $ 2.8 billion lower in 2018 - 19.

In fact, on a fiscal year basis, added school aid represents 90 percent of the net spending increase in the proposed State Operating Funds Budget (as calculated by the governor).

Employee compensation makes up less than 20 percent of Albany's state operating funds budget, which consists overwhelmingly of aid to localities and transfer payments to individuals, including welfare and Medicaid.

When you add those back into the budget, State Operating Funds spending would increase by more than 4 percent, according to an analysis by the state Comptroller's Office.

State Operating Funds (SOF) spending is a measure of cash disbursement for operations and debt service supported by State revenues; it excludes capital investments and spending supported by federal aid.

When accounting for these adjustments, the actual growth in State Operating Funds spending for fiscal year 2018 is 3.7 percent.

State operating funds exclude federal funds and long - term capital spending.

«If the 2 percent State Operating Funds spending benchmark is not adhered to, budget gaps may result,» the budget report warns.

In the fiscal plan for the year ahead, state operating funds will grow by 2 %, which is within the rate of inflation and far below the alarmingly high 4.6 % rate of growth reflected in New York City's preliminary budget.

The budget deal between Cuomo and the Legislature added a total of $ 2.65 billion in projected state operating funds spending to the financial plan for the next four years.

State Operating Funds spending increases by 1 percent while all governmental funds spending declines by 2.7 percent.

(This year's state operating funds spending hike is officially 1.8 percent; however, the spending increase is 2.5 percent after adjusting for $ 344 million in fiscal 2014 «prepayments» of 2015 expenses.

On the positive side, the proposal as described by the governor continues to restrain spending, holding the core state operating funds budget growth to 1.7 percent with an (apparent) minimum of gimmickry.

• State Operating Funds are adjusted to reflect the loss of significant one - time federal funding received in 2010 - 11 to cover Medicaid costs normally paid from State funds and other actions, as well as other extraordinary expenses, at an increase of 1 percent.

The multi-year tables in New York State's just - released Enacted Budget Financial Plan for fiscal 2015 make continued use of Governor Andrew Cuomo's new fiscal conjuring device: a lump - sum, below - the - line reduction in future projected spending, based on the assumption that the governor will «propose, and negotiate with the Legislature to enact budgets that hold State Operating Funds spending growth to 2 percent.»

«Based on current operating projections, if the State enacts balanced budgets that hold State Operating Funds disbursements to 2 percent, the State will have operating surpluses.»

Not exact matches

The National Association of Real Estate Investment Trusts («NAREIT») defines funds from operations («NAREIT FFO») as net income / (loss) attributable to common shareholders computed in accordance with generally accepted accounting principles in the United States («GAAP»), excluding gains or losses from sales of operating real estate assets and change in control of interests, plus (i) depreciation and amortization of operating properties and (ii) impairment of depreciable real estate and in substance real estate equity investments and (iii) after adjustments for unconsolidated partnerships and joint ventures calculated to reflect NAREIT FFO on the same basis.

Any investments the company might have overseas will still receive funding, while operations in the United States will operate as is, too.

But, four sources familiar with Elliott's thinking said Europe offered a lot of scope, as fewer activist funds operated there than in the United States, and European companies have been subject to the attentions of activists for less time.

In a recent court case, the 9th Circuit Court of Appeals ruled that the Department of Justice is prohibited from using federal funds to prosecute businesses who operate within state laws regarding medical marijuana.

ABUJA, March 7 - Nigeria's parliament passed legislation on Wednesday meant to help authorities tackle money laundering and funding for terrorism by allowing its financial intelligence unit to operate free of state control.

The State of Florida has suspended withdrawals from a state operated pooled investment State of Florida has suspended withdrawals from a state operated pooled investment state operated pooled investment fund.

ICI states that 90 % of equity mutual fund assets in private - sector IRAs are in funds that charge less than 100 basis points in operating expenses — and that private - sector IRAs offer more investment choices than the state - run plan contemplates.

Geography IDEA Fund Partners will focus its investment resources primarily on companies headquartered or operating within the states of North Carolina and Florida, as well as throughout the Southeast.

KT currently serves on the board of Diversified Health Services, a private healthcare services company that operates assisted living and nursing care facilities in the United States and was formerly on the board of Index, a retail software company funded by General Catalyst, Innovation Endeavors and Khosla Ventures.

The fund has received $ 13.5 million in capital contributions from the State of Maine and operates as a revolving, «evergreen» fund.

Project: AK - 47 has only been operating in the United States for a year and a half, but it promotes and funds projects that have been directly working in Southeast Asia since 1994.

Because Catholic Charities was judged to be promoting discrimination, the State of Illinois decided to withdraw all funding from Catholic Charities» adoption services, without which the agency can not operate.

Funding under the AFLA went, as Congress intended, to a wide variety of recipients including state and local health agencies, private hospitals, community health associations, privately operated health care centers, and community and charitable organizations, many of them with ties to religious denominations.

Guidance Materials: The state Department of Education funds and collaborates with the John C. Stalker Institute of Food and Nutrition to operate an online policy development resource center.

In addition, the memo says, debts too difficult to collect must be written off as operating losses and may not be covered by the food service account, but by finding money «which may come from the district's general fund, special funding from the state or other local sources, or any other non-Federal sources.»

The reductions come in the wake of losing $ 500,000 in state funding — more than 60 percent of Trailside's annual operating budget.

Federal funding was provided to encourage sponsors in Arkansas to operate Summer Food for more days across the summer and to provide activities at sites in Mississippi; participation grew in both states as a result.

In total, NDBN awarded more than $ 100,000 in grant funding to member diaper banks operating in 30 states.

To enhance development of a competitive power market, Government approved the restructuring of Volta River Authority (VRA) to include an entity to manage the hydroelectric facilities separately and the sale to the private sector of the state - funded thermal power plants which government assigned to VRA to manage and operate.

The Appellate Division of the Supreme Court found that New Yorkers Together, which is funded by the Communications Workers of America, and a UFT organization called Teachers for Todd, were operating in violation of independent expenditure rules spelled out in the state election law.