Sentences with phrase «years by budget cuts»

On the other hand, in another excerpt regarding their Valley Energy project in the Town of Wawayanda, CPV's press release declares: «The project will also provide more than $ 30 million in local tax revenue, with the majority going to the local school system, which has been hit hard, in recent years by budget cuts.»

Not exact matches

The Congressional Budget Office has estimated that the combination of tax increases and spending cuts could trim economic growth this year by about 1.5 percentage points.

Shell Oil took that approach, and according to Hugh Mitchell, their Chief Human Resources Officer, their reliance on a range of internal and external services helped cut their HR budget by 40 percent in four years.

WASHINGTON (AP)-- The combined effects of President Trump's tax cuts and last month's budget - busting spending bill is sending the government's budget deficit toward the $ 1 trillion mark next year, according to a new analysis by the Congressional Budget Obudget - busting spending bill is sending the government's budget deficit toward the $ 1 trillion mark next year, according to a new analysis by the Congressional Budget Obudget deficit toward the $ 1 trillion mark next year, according to a new analysis by the Congressional Budget OBudget Office.

They also have recent real - world examples to make their case: Tax cuts in Kansas made by Gov. Sam Brownback failed to deliver the expected boost, forcing the state into years of grueling budget battles and harsh spending cuts to make up the gap.

After all, the university had asked him to cut the school's budget by $ 7 million to $ 57 million this year and he had been resisting.

Already in Brazil, the region's biggest economy, President Dilma Rousseff is starting to roll out a more conservative message of austerity, including cuts in unemployment and welfare benefits, to tame a record budget deficit widened by the biggest economic slowdown in 25 years.

Back on March 1 the government, by its own decree, forced itself to cut $ 85 billion from its budget this year and the outlook was scary!

In December, as Greek policy - makers approved yet another round of budget cuts — tough legislation that caps salaries at state - owned companies, cuts many state salaries by 10 % and diminishes collective bargaining power — some 20,000 protestors jammed the streets in the country's seventh general strike that year.

With the government's strategy over the past few months apparently focused on undermining the Wildrose Alliance by stealing from its agenda, many had expected the Tories would further woo disaffected right - wing voters with deep spending cuts in this year's budget, which was unveiled on Feb. 9.

While many of its spending cuts are more aggressive than the political climate is likely to allow, the RSC deserves great credit for putting out a budget in a year where no official budget has yet been put forward by the House or Senate Budget Commibudget in a year where no official budget has yet been put forward by the House or Senate Budget Commibudget has yet been put forward by the House or Senate Budget CommiBudget Committees.

In September of this year, his government presented its first budget, which included a plan to cut corporate taxes from 33 % to 25 % by 2022.

NDP promises include a two point cut in the small business tax rate (already implemented in the budget by the Conservatives); extension of the accelerated capital cost allowance for two years (also already implemented by the Conservatives); an innovation tax credit for machinery used in research and development; an additional one cent of gas tax for the provinces for infrastructure; a transit infrastructure fund; increased funding for social housing; a major child care initiative; increasing ODA funding to 0.7 per cent of Gross National Income (GNI); and restoring the 6 % annual escalator to the Canada Health Transfer.

Parliamentary Budget Officer Kevin Page, in his last week on the job, is taking the government to court in a bid to have Ottawa release information about the impacts on federal jobs and services from $ 5.2 billion in cuts announced in last year's budget.Photo by Sean Kilpatrick / The Canadian Press / Files

Budget balance has been achieved despite a slowing economy and new tax cuts mainly by doing almost nothing new on the spending side for the coming fiscal year of 2015 - 16.

However, all of this changes after a few years, due to official budget rules that limit the cost of the bill to $ 1.5 trillion in total — which therefore means that in order to make the corporate tax cuts permanent, the individual tax relief will completely expire by 2025.

By 2015, the Harper government will have imposed permanent budget cuts of at least 10.8 billion dollars per year to federal departments and agencies.

This means that any net tax cut over the ten - year period not explicitly called for by the budget resolution would be subject to a budget point of order that would require 60 votes to override.

Shell Oil cut their HR budget by 40 percent in four years.

Last year's aggressive tax cuts are at the heart of a worsening budget situation that will see deficits surge in the years ahead, according to an op - ed by former Fed Chair Janet Yellen and others.

The combination of Greece's government no longer being able to float the economy by vast borrowing (Greece's budget deficit was over 15 % of GDP in 2009), tax increases, spending cuts, and unimplemented market reforms has led to five straight years of recession.

The revenue neutral Ryan budget cuts federal spending by over 5 trillion dollars over the next ten years.

She will also set out a number of green proposals in a 25 - year plan for the environment including eliminating all avoidable plastic waste by 2042 and a commitment to spend part of the Government's multi-billion annual overseas aid budget on international measures to cut plastic use.

The Spanish club are currently suffering a financial crisis after revealing that they are almost # 15million in debt, and facing years of budget cuts after gambles by the club's owners.

There's a real worry that with the cuts in music for young people - not just in school, where music budgets have been cut by # 16 million a year, but in local youth projects like the Rock School in Harlow - music will increasingly become not a right for all but a privilege for the few.

The problem is that in the bleak landscape of austerity, where local councils have had their budgets halved since 2010 and are looking at losing another third of their funding over the next four years, a service which isn't even used by their own residents could start to look like an easy cut to make.

MPs also raised concerns that the Child Exploitation and Online Protection Centre is having its budget cut by ten per cent over four years and warned that it could lose its focus when it is merged with the National Crime Agency.

The mayor unveiled his proposed $ 84.86 billion executive budget — a plan that comes in the shadow of threatened cuts by the Trump administration and is about 3 percent higher than the $ 82.2 billion comparable budget he put out exactly a year ago.

Kate Osamor, the shadow international development secretary, said: «The Tories have been cutting the aid budget by stealth for years, and they are now arguing over whether to go even further by abandoning the international definition of aid.

, «$ 2.6 trillion could be saved -LSB-...] It's possible to achieve all the budget savings we need for the next 10 years simply by cutting the fat out of discretionary spending programs and tax expenditures [i.e., cutting the corporate welfare] without raising tax rates on the wealthy or cutting the safety net at all.»

These will be cut by 19 % over four years rather than by 20 % «implied» in Alistair Darling's March budget.»

The MoJ has been told to reduce its administrative budget by 50 % within five years, with 15 % cuts in the prison and court budgets specifically.

This is a lot of crap and political theatre, just like the depressing spectacle of the hordes of special interests descending on the Capitol like locusts this time every year to bleat and whine and self - flagellate to keep their oxen from getting gored or their golden geese and sacred cows from being butchered by budget cuts, to thoroughly mix metaphors.

The mid year financial report released by Cuomo's budget office says options to close the gap include more cuts to state agencies, delaying payments to local governments and schools, suspension of some construction projects, and even borrowing money short term to pay for operating expenses.

The squeezed middle, the working poor (6.5 million in their households today) and the jobless are afflicted by pay freezes and pay cuts, energy bill hikes, accelerated private rent increases, a swelling housing benefit budget that subsidises rich landlords but not the tenants, waiting lists for a home swollen by the bedroom tax and only half the houses needed being built, nearly a million of the jobless sanctioned last year and deprived of all their unemployment benefit for 4 or 13 weeks for trivial infringements, the seriously disabled suffering big benefit cuts for not getting jobs they manifestly can't do, to name but some.

Bloomberg's budget cut funding for the public advocate's office by 11 percent, which comes on top of last year's 40 percent reduction.

A report released by Comptroller Tom DiNapoli's office on Friday raised the possibility of potential budget gaps in coming years as a result of increases in spending, tax cuts and one - shot revenue sources in the current - year spending plan.

The Conservative - controlled north London council has committed to spending # 1.5 m this financial year on a much - hyped reform programme to help close a yawning budget gap, but it is on course to recoup just # 1.4 m in savings in the year.The programme is budgeted to deliver savings of # 13m a year by 2014, about a third of the total cuts planned by the council.

McCall says he understands concerns about tuition, but he says state lawmakers had been cutting SUNY's budget, by $ 1.4 billion dollars over the past four 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.

She blasted the Legislature for essentially cutting SUNY's budget by 30 percent in the last three years while hijacking student's tuition dollars.

On another Quigley note, the supervisor may be sending a signal to unions, with whom he's negotiating new contracts, by cutting his salary in next year's proposed town budget from $ 48,000 to $ 44,000 a year.

In Goshen, we cut over $ 250,000 from this year's budget by eliminating positions through attrition, austerity measures and competitive bidding.

Vanderhoef will also be seeking to layoff 150 county workers, save $ 1.8 million by not reimbursing out - of - county students at the community college, cut the intelligence task force from the police budget, kick $ 1.4 million in local election costs back to towns, reduce funding to contract agencies by $ 300,000 this year and over $ 500,000 next year, and install a new charge on your motor vehicle registration.

«We've prevented a crazy 6 per cent rise in the EU budget, we've made sure the EU budget must reflect domestic spending cuts, and we've protected the UK taxpayer from having to bail out EU countries that get themselves into trouble,» he said at a press conference -LSB-...] A 2.9 per cent increase is expected to see Britain's contribution to the EU budget grow by about # 400 million a year.

The entire budget, which has been shrinking in recent years, will be cut under the mayor's current proposed budget, which is expected to be balanced and passed by the end of the month, a spokesperson for the group said.

In May, the White House released a budget for the fiscal year 2018 that would cut NYCHA's capital funding by more than $ 200 million and its operations budget by $ 165 million per year, according to the city comptroller Scott Stringer.

The bus system faces route cuts practically every year, and crucial social services, such as youth programs, are often threatened by budget shortfalls.

In September, Bloomberg ordered a partial hiring freeze and told city agency directors to shrink their budgets by 5.4 percent this year and 8 percent next year, with smaller cuts for the Department of Education and police and fire departments.

BUFFALO, N.Y. — Erie County Executive Mark Poloncarz on Wednesday lined up an ambitious agenda for the next year, but issued a warning that progress could be hindered by federal budget cuts.