In the early hours of the morning, the Connecticut Senate passed the $ 41 billion two -
year budget package by an overwhelming margin of 33 to 3.
Not exact matches
And although fiscal stimulus
package «leaked» in the Nikkei Wednesday (JPY20trn, with JPY6trn of «real water») appears to have had a supportive impact upon stocks by weakening the yen, even at its most generous, the supplementary
budget for this fiscal
year is likely to total only JPY2trn, with additional stimulus spaced out over the coming
years, and most of this dedicated to public works (which, many fear, runs the risk of turning into wasteful spending rather than a monetary - plus - fiscal stimulus powerhouse).
Fiscal policy has become more expansionary over the past
year, with the recent fiscal
package contributing to an estimated federal
budget deficit of just over 4 per cent of GDP this
year, up from around 1 1/2 per cent in 2002.
 The Harper government's decision last
year to write off every penny of the auto aid and thus build it all into last
year's deficit calculation (which I questioned at the time as curious and even misleading) has already been proven wrong. Since the money was already «written off» by Ottawa as a loss (on grounds that they had little confidence it would be repaid — contradicting their own assurances at the same time that it was an «investment,» not a bail - out), any repayment will come as a gain that can be recorded in the
budget on the revenue side. Jim Flaherty has learned from past Finance Ministers (especially Paul Martin) that it's always politically better to make the
budget situation look worse than it is (even when the bottom has fallen out of the balance), thus positioning yourself to triumphantly announce «surprising good news» (due, no doubt, to «careful fiscal management») down the road. The auto
package could thus generate as much as $ 10 billion in «surprising good news» for Ottawa in the
years to come (depending on the ultimate worth of the public equity share).
A $ 5.5 billion small
budget package encouraging small businesses to go on a two -
year spending binge has pushed listed retailers to one -
year...
The requirement states that (a) within six business days after a
budget has been approved, IMRF employers must post the total compensation
package for each employee exceeding $ 75,000 per
year and (b) at least six days before approving a total compensation
package in excess of $ 150,000 per
year.
The new compliance unit was created as part of the ethics reform
package passed along with this
year's
budget, which Cuomo has attributed, at least in part, to the work of the Moreland Commission.
The Assembly passed a «raise the age» bill on Tuesday as part of a 12 - bill criminal justice reform
package, and Gov. Andrew Cuomo — as in previous
years — has included a similar proposal in his executive
budget.
Susan Lerner, the executive director of the good - government group Common Cause New York, said the ethics
package in this
year's state
budget did not include any provisions to address the types of campaign spending the Moreland Commission was investigating.
This
year's state
budget, which passed earlier this month, allocates money for criminal justice reform, but the details of that
package have yet to be negotiated by the governor and the legislature.
Senate Democratic leaders have delayed consideration of the annual
budget resolution until Congressional leaders and the White House agree to deficit reduction
package, which is expected to set discretionary spending levels for fiscal 2012 and possibly for future
years.
Cuomo and state lawmakers agreed in the
budget to have a
package of measures including requiring lawyers to disclose their legal clients who they took on beginning next
year.
Every
budget year is always different, but this does not appear to be shaping up to be the like
packages of the first term, which included long - sought reforms in addition to being on time.
ALBANY — With an election -
year budget that pledges future funding for popular pre-kindergarten programs and a multi-
year package of tax cuts, Gov. Andrew Cuomo is living in the future, touting programs now that won't take effect for several
years.
Under the governor's
budget proposal, two of the top items on his wish list — covering state college tuition for hundreds of thousands of low - and middle - income New Yorkers, and a
package of tax cuts aimed at the middle class — would be made possible in part by a three -
year extension of a higher tax on people who make more than $ 1 million a
year, another policy favored by liberals.
In a
year where the #MeToo movement has flexed its considerable political power, Cuomo underestimated the impact of excluding women from negotiations (resulting in a sexual harassment
package, and
budget, that is not even close to as strong as it could have been).
Queens Borough President Melinda Katz announced today that the Borough Board has unanimously approved a
package of expense and capital
budget priorities that it wants to see included in the City's
budget for Fiscal
Year 2015.
The City Charter requires the Borough Board to submit a
package of
budget priorities each year to the Mayor, the City Council and the City's Director of Management and B
budget priorities each
year to the Mayor, the City Council and the City's Director of Management and
BudgetBudget.
He was also a liberal throwback completely unconcerned about, for example, the wisdom of hiking
budget spending by 11 percent, as he did one
year, or by enacting a
package of tax increases so huge and costly it was called «The Big Ugly.»
Last
year, Cuomo agreed to disband a Moreland Act Commission on corruption in exchange for a
budget deal that included new anti-bribery laws, but critics said that the
package he accepted was too weak, and did not go far enough.
Legislators added that they are on schedule to pass a statewide school - aid
package along with the rest of the state's
budget by the April 1 deadline — a contrast to the legislative chaos of a few
years ago.
Cuomo pushed a
package of water quality measures last
year, culminating in a
budget appropriation of $ 2.5 billion for water infrastructure, new testing requirements for smaller water systems like the one serving Hoosick Falls and state authority to set new limits for toxic chemicals like the one found in the Rensselaer County village.
This small business advantage in tax rates was scheduled to disappear in tax
year 2016 when the overall corporate tax rate falls to 6.5 percent, which was part of the Governor's tax cut
package enacted with the 2014 - 15 State
budget.
Governor Cuomo's FY 2015 Executive
Budget continues the recent 2 % spending cap for the new fiscal
year and begins implementing a $ 2 billion tax cut
package.
With the Senate GOP, Cuomo has gained key legislative victories on same - sex marriage, gun control and a
package of tax cuts as well as approving
budgets four
years in a row before the April 1 deadline.
In the wake of the corruption scandal that brought down former Assembly Speaker Sheldon Silver at the beginning of this
year, Gov. Andrew Cuomo proposed a
package of ethics reform measures and vowed to force the Legislature's hand in accepting it as part of this
year's
budget deal — even if that meant shutting down the government.
Assemblyman Will Barclay and state Sen. Patty Ritchie have both authored bills that would give Fitzpatrick's owner a $ 60 million tax credit, but neither were included in the
budget, nor was a $ 100 million financial aid
package to help pay for the cost of refueling the plant, which would need to be done this
year.
The
package, including $ 55 million in reductions to Medicaid services and $ 260 million in across - the - board cuts in state aid to local governments, was intended to cover shortfalls in tax revenue during this fiscal
year that have emerged since the
budget was passed.
The governor announced Tuesday during his annual
budget address plans to allocate $ 100 million for pre-K next fiscal
year as part of the phase - in
package.
The City Charter requires the Borough Board to submit a
package of its
budget priorities each year to the Mayor, the City Council and the City's Director of Management and B
budget priorities each
year to the Mayor, the City Council and the City's Director of Management and
BudgetBudget.
Other tax cuts: The tax - cut
package in the
budget also includes: a $ 250 million expansion in the state's Power for Jobs program, under which employers may receive reduced - rate power if they pledge to create or retain jobs in the state; a tax deduction for college tuition at any college in the country for up to $ 10,000 per student per
year (valued at $ 200 million); elimination of the marriage - penalty tax ($ 200 million); and an expansion of the Earned Income Tax Credit ($ 125 million).
A generous state aid
package in this
year's
budget is making up the difference.
Lawmakers and Gov. Dannel P. Malloy are close to a deal to take $ 350 million out of the state's $ 20 billion spending plan for this fiscal
year, a
package that will include general cuts in the bureaucracy, maybe a few
budget tricks and declining state employee rolls.
After months of
budget negotiations, Silver, Pataki and Bruno agreed to a massive new education
package that would lower classroom sizes and spend roughly $ 1.5 billion a
year on statewide pre-kindergarten programs.
Some advocates believe it was sabotage on the part of the administration so that it could get the legislative
package it wants next
year in the
budget.
State
Budget Director Robert Megna added that the state has gotten less funding from the federal government during the past
year and a half, especially with the end of the stimulus
package instituted after the 2008 financial crash.
Much of next
year's science funding won't come from this
budget but from the stimulus
package, which contained $ 1.6 billion for the Office of Science and billions more for additional energy R&D.
Money could be spent within weeks of passage of a stimulus
package to fund many highly rated applications that have been waiting in line for support in FY 2008 and to restore dollars cut from the
budgets of funded grants in recent
years, with virtually no increase in administrative cost.
The Obama economic stimulus
package contains a huge windfall for education, approximately $ 115 billion — more than double the department's annual
budget, a requested $ 46.7 billion for the coming fiscal
year.
Congress will consider this
package and make appropriation decisions that, if things go smoothly (a rarity of late), will lead to a final federal
budget the president will have the opportunity to sign later in the
year.
We work together with schools to explore their unique context and to put together a
package of reflections / workshops / trainings over a
year which can meet their needs within an agreed
budget for the
year.
Child -, youth -, and education - related programs would get nearly one - half of a «modest investment
package» of $ 48.8 billion over five
years, under an option contained in a White House
budget memorandum that incited controversy last week.
Although the $ 3.55 - billion
package would allocate more money for schools than did an earlier
budget released by the Florio administration late last
year, the Republican plan is $ 127 million short of the revised figures that Mr. Florio released in January.
BMW will sell you a fixed - priced service
package for up to five
years or 50,000 miles to help you plan your
budget.
While Ford will offer a beefed - up FX4
package for serious off - roaders later this
year, we're told
budget - conscious buyers would be well served by a two - wheel - drive Expedition fitted with AdvanceTrac.
While I had a great severance
package for six months, and a couple large freelancing jobs in the beginning, what mostly happened over the next four
years was me blowing through my savings, not
budgeting, not networking enough, not improving my skills as a video editor, and not creating my own opportunities.
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Bahama hotels offer
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