Lawmakers expected to get some good budget news
15.05.2006, 18:18
Lawmakers will get their first piece of relatively good state budget news Monday, when Treasurer Bradley Abelow is expected to say that a looming budget hole is not as large as first projected.
Hotels
The state is still expected to face a new, roughly $250 million hole, however, on top of the more than $4 billion gap Gov. Jon S. Corzine already had to close, according to three State House sources. Abelow had initially predicted the new shortfall would be closer to $400 million to $500 million, due to weak tax collections.
"It's slightly better than we thought, but it's nothing earth-shattering," said one person briefed on the report.
Budget Great News for Manukau
01.05.2006, 18:14
Manukau Mayor Sir Barry Curtis has welcomed the Budget which includes announcements that will impact on Manukau significantly. He says the increased funding for roading projects in the region is fantastic news.
History of Vilnius
The Government is to inject an extra $1.3 billion over five years into the state highway building programme and other transport projects, which will now be speeded up.
Sir Barry says, “A lot of this new money will be spent in the Auckland region and that’s appropriate because so many of our vitally-needed road projects have been slipping behind. We needed out blocked arteries to be unblocked and that will now happen. This new funding is going to make a huge difference.”
News on school budget worsens
02.03.2006, 17:19
School officials are anticipating a $1.3 million shortfall in this year’s budget, more bad news for the district as it grapples with an even larger cash shortage predicted for next year.
Hotels in Riga
The school district, meanwhile, is about $5.7 million off target for its budget plan for next year.
Fenton district faces $800,000 budget deficit Water rate increase will affect schools to tune of $90,000 per year
13.04.2005, 23:55
That's the news delivered Monday night by Fenton Superintendent Patrick O'Donnell, who blamed a looming $800,000 budget deficit on rising costs and static revenues. O'Donnell pointed out that the district has suffered reductions in state funding for each of the past two fiscal years, while costs for a variety of items continue to rise.
"We've been able to survive the cuts the past two years without making any major reductions, but we've seen some things change over the last few weeks that make it more likely that we'll have to make some major cuts," O'Donnell told the board. "One of the changes that we'll be affected by is water our water bill. It's going to affect us to the tune of about $90,000 per school year."