Sentences with phrase «year budget hole»

Walker argues he wants concessions to start immediately to help the state plug an estimated $ 3.3 billion two - year budget hole.

Not exact matches

More than five years after the Great Recession tore a giant hole in their budgets, most states have made big progress in stabilizing their finances.

The Bank may well hit a similar bump again this year, with Europe struggling with gaping budget holes again and the U.S. recovery wobbling.

Well, that's what they were busy doing during the Bush years which is why we are in such a huge hole, under Clinton we were making headway and had a balanced budget.

The Chicago Park District board Wednesday approved a $ 400 million spending plan for next year's budget, which will include modest fee increases and cuts in spending to close a $ 22 million hole.

With Albany looking at another $ 9 billion budget gap to plug next year, the cycle of transit raids blowing a hole in the MTA budget is primed to start all over again.

DiNapoli said there's still a chance that Democrats in Congress, including U.S. Sen. and Democratic Leader Chuck Schumer, may restore the federal health care money before the end of the year, filling the potential new hole in the state budget.

The budget deficit for the current fiscal year had grown to $ 350 million dollars, and the projected gap for the new fiscal year would be a $ 3.5 billion dollar hole, if spending were to take place as planned.

New York, obviously, faces a different situation today as the faltering economy has led to a $ 3.5 billion hole in the state budget for the coming 2012 - 13 fiscal year, which begins April 1.

The decision creates a $ 15.8 million hole in this year's budget and will make it even more difficult for county Executive Edward Mangano to balance next year's projected budget, which is supposed to be submitted to the legislature Thursday.

«If we didn't do that, first of all, the day after we pass this budget we'd have a $ 15 billion deficit next year, we'd be right back in the hole because these outrageous, unsustainable rates of increase must stop.»

Nassau County Executive Edward Mangano sent out an eight - page full color mailer to Nassau residents last weekend, touting his management of the county, including its finances — as Nassau's financial control board was poised yesterday to order the county to fill a $ 36 million hole in next year's budget.

«As I mentioned before, we have a budget deficit of over $ 20 million next year and that is of great concern to me and I think a great concern to taxpayers here in the city and certainly to our employees and to get ourselves out of that hole we need to do a few things.

What started out as a small, off - budget, temporary surcharge on insurance to help pay for charity care, hospital debt and graduate medical education as New York hospitals deregulated in the late 1990s, has ballooned over 19 years into a multibillion - dollar all - purpose revenue fund that supports dozens of public health programs, and plugs billion - dollar holes in the state's general budget.

This year there is a huge multibillion - dollar hole in the state's budget.

The Gap Elimination Adjustment (GEA) has created a widening gap between Syracuse and the wealthier school districts in New York, even though was implemented in the 2010 - 11 school year during the recession in order to alleviate the hole in the New York state budget, according to New York State United Teachers, a teachers» union in the state.

After you subtract $ 23 million for the current fiscal year (a number that does not, for the record, fit with state Comptroller Tom DiNapoli's projection of an up to $ 1 billion hole in the current budget), that leaves a two - year General Fund surplus of $ 415 million.

Supporters of continuing the tax — including a number of Assembly Democrats — argue the governor won't be able to cut his way out of such a massive budget hole and could use the revenue ($ 1 billion in the current fiscal year, $ 4 - to - $ 5 billion in the next) generated by the millionaire's tax.

The budget passed earlier in the year had contained a hole of nearly $ 900 million, and a shortfall of well over $ 3 billion was looming for the fiscal year set to start on April 1.

And while I sympathize with his frustrations regarding «the holes in his roads and in the county budget», for most in the community know that I, as a minority legislator, have been one of the most prominent voices in county government trying to stop financial missteps over the past few years.

The Assembly approved it in November of that year in a special session to plug a $ 315 million budget hole.

In the meantime, legislative leaders say cuts to services are the only way to fix this year's $ 220 million budget hole.

A state - funded capital construction program added on as a patch in the state budget to offset that hole in the waiver is a start, but it's just $ 1.2 billion, spread over seven years, and there are a lot of institutions in competition for a piece of it, Hannon said.

Suffolk County Executive Steve Bellone says «unauthorized bonus payments» to long - time District Attorney Thomas Spota's prosecutors were given without approval for the past five years, with the three most recent payments resulting in a nearly $ 900,000 hole in the county's budget.

Budget analysts say the county ended 2011 with a $ 60.5 - million deficit and, with no action, could face an additional $ 497 million hole this year and next.

Suffolk County Executive Steve Bellone says «unauthorized bonus payment» to longtime District Attorney Thomas Spota's prosecutors were given without approval for the past five years, with the three most recent payments resulting in a nearly $ 900,000 hole in the county's budget.

And yet the city remains trapped in a cycle of begging the state for money every year to patch holes in its budget.

The city is projecting a $ 5.5 billion hole for its next budget year, which begins in July 2010.

He contrasted the mayor's desire to let the millionaire's tax sunset this year — which he said would blow a $ 5 billion hole in the state budget — with the mayor's insistence in his State of the City address that the city needed to be able to reduce pension benefits and lay off «more expensive» senior teachers to cut costs.

Independent budget analysts for the Suffolk County Legislature say County Executive Steve Bellone's budget next year has a potential $ 50 - million hole in it.

Nassau County Executive Edward Mangano sent out an eight - page full color mailer to Nassau residents last weekend, touting his management of the county, including its finances — as Nassau's financial control board was poised Tuesday to order the county to fill a $ 36 million hole in next year's budget.

The reason for these mid-season emergency meetings is a hole in the current - year budget, which Malloy's budget office and Comptroller Kevin Lembo peg at about $ 120 million, and the legislature's nonpartisan Office of Fiscal Analysis pegs at $ 254 million.

The superintendent took the fall for the mistake, and now the district, which has already endured layoffs and program reductions in recent years, is facing a gaping hole in its budget and looking for the state to help.

The measure would have tore a $ 2.3 billion hole in the state budget, said the governor, leading to a $ 6.9 billion deficit over four years when paired with other cuts.

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As winter darkness falls and the mercury drops to 50 degrees below zero, those parked sleds remain a gesture of hope: If budgets allow, Tulaczyk and Priscu will return next year, drill more holes and continue exploring Antarctica's hidden world.

Not everything is roses: Many districts and libraries may face new holes in budgets resulting from the commission's phase - down of support for older telecommunications technologies, which begins this year.

CPS tried to push lawmakers to fill a $ 480 million budget hole this school year but came back empty - handed.

The report goes on to explain that the new budget uses borrowing, one - time revenues, and fund transfers to close budget deficits and cover operating expenses and reports that, «By relying on these measures, rather than recurring revenues to close the state's budget gap... state policymakers have opened up a larger revenue hole in future budget years.»

Given that the NAO have told us two years running that the DfE can't manage its own budget and has no idea what anything costs or how much it spends, should we not be expecting a major hole in its budget in the near future?

Deasy has warned that if sequestration is not ended, LAUSD would face a $ 350 million budget hole in the current school year.

First, the CTU and its backers are sure that the $ 665 million hole in the budget, that the school board intends to cover by draining its cash reserves, is easily plugged and in fact may be manufactured by CPS: «my biggest worry», said one commenter, «is that you use all of these reserve funds and you hit zero next year so that you use that rationale to say «we don't have any more money»».

Lawmakers are working to craft a funding formula that will satisfy the court, but they also face a large budget hole over the next two fiscal years.

It faces a budget hole of $ 18 million for the 2010 - 11 school year, even if the state government makes no additional cuts.

Anderson is rolling out a personnel policy this year that will put dozens of teachers in paid limbo until picked up by individual schools, potentially leaving a sizable hole in her budget as well.

I hate to say «I told you so,» but after the Chicago Teachers Union strike against Chicago Public Schools last fall I wrote: A district that expects to drain its reserve funds and is looking at a billion - dollar budget hole the year after this can not afford...

I got pushed into a very deep credit hole due to a motorcycle accident, but managed to dig myself out in 2 years by budgeting, living way below my means, and paying something, even a few dollars, to each bill every month.

On the other side, the government has nothing to say about those three key issues, but does chirp proudly about the budget deficit not being as deep a hole this year as it could have been.

For more than a decade, researchers have struggled and failed to balance global carbon budgets, which must balance carbon emissions to the atmosphere from fossil fuels (6.3 Pg per year; numbers here from Skee Houghton at Woods Hole Research Center) and land use change (2.2 Pg; deforestation, agriculture etc.) with carbon dioxide accumulation in the atmosphere (3.2 Pg) and the carbon sinks taking carbon out of the atmosphere, especially carbon dioxide dissolving in Ocean surface waters (2.4 Pg).

But like virtually every state, its budget is the tightest it has been in years, and lawmakers there are scrambling to generate revenue for new infrastructure in Teton County, where Jackson Hole sits at the base of the Grand Teton mountains.