Sentences with phrase «temporary federal stimulus»

McMahon said an overall reduction in the budget was a certainty after the loss of temporary federal stimulus money and Cuomo's campaign promise of no tax increases.

Adding back temporary federal stimulus funds used to supplement state funds in each of the last three years, state operating spending under the new budget is up a whopping 8.4 percent over 2007 - 08, although both personal income and private - sector economic activity in New York has dropped sharply during the Great Recession.

Not exact matches

With the onset of the 2008 - 09 recession and the subsequent G20 agreement for countries to introduce temporary stimulus spending equivalent to 2 percent of GDP, the federal deficit ballooned to $ 55.6 billion in 2009 - 10; $ 33.0 billion in 2010 - 11; $ 26.3 in 2011 - 12; $ 18.4 billion in 2012 - 13 and $ 5.2 billion in 2013.14.

The Federal Reserve's decision to delay tapering its monetary stimulus has provided a temporary boost to emerging markets currencies and financial markets.

In some instances, the federal stimulus plan could make our financial problems worse, by providing temporary financial support for permanent increases in our base - line health care and education spending, that eventually will need new, state - level sources of revenues to support.

Including the DOB adjustment, this year's budget will depend on at least $ 5.7 billion in temporary federal «stimulus» funding.

«We received the last of the significant federal stimulus funding in June, and the temporary PIT surcharge ends in the third quarter this year.

Albany faces even larger deficits in the next two fiscal years, after the expiration of a temporary tax increase on the wealthy in the coming year and the end of federal stimulus financing in the following year.

A seventh allotment for janitors, clerical workers, and substitute teachers has also been reduced (by 18.6 %) if you take into account federal stimulus funding that allowed North Carolina to pay these workers from federal funds on a temporary basis in FY 2010 - 11.

[4] federal stimulus funding that allowed North Carolina to pay these workers from federal funds on a temporary basis in FY 2010 - 11: http://www.ncjustice.org/sites/default/files/BTC%20Brief%20-%20Federal%20Funds%20and%20Education.pdf