Sentences with phrase «structural budget gap»

State tax revenues are down, contributing to the largest structural budget gap in seven years.

As illustration, even if the legislature were to impose $ 4.2 billion in new tax and fee measures - as recommended by the Executive Budget — it would still leave the state with $ 11 billion in an accumulated structural budget gap over the next five years; a figure that will likely grow given the ongoing deterioration of state tax collections.

He says Monday that Gov. Andrew Cuomo and the Legislature deserve credit for closing structural budget gaps that plagued the state for years.

The New York State Association of Counties has predicted a structural budget gap of more than $ 4 billion over the next five years if there are no changes, and some upstate cities are teetering on the verge of bankruptcy.

In the year leading up to his first re-election campaign, Cuomo essentially invented a whole new form of budgetary accounting that figuratively (and, for a time, literally) erased the state's continuing (but shrinking) structural budget gap.

«There's a structural budget gap despite the governor's efforts to restrain spending — which, while they're not as effective as he claims, he's been pretty restrained by historical standards.»

The state Association of Counties has predicted a structural budget gap of over $ 4 billion dollars over the next five years if there are no changes, and some upstate cities are teetering on the verge of bankruptcy.

This of course would be a stop gap measure, allowing the City of Syracuse additional time to develop solutions to close the structural budget gap, which has persisted for many years.