Tag

Budget Shortfall

All articles tagged with #budget shortfall

WA Governor Proposes Budget Cuts and Reserve Fund Use to Address $2.3B Gap

Originally Published 18 days ago — by Washington State Standard

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Source: Washington State Standard

Washington Gov. Bob Ferguson proposes using reserve funds, climate law revenues, and spending cuts to address a $2.3 billion budget shortfall without raising taxes, while also supporting increased spending on public services and infrastructure. The plan includes controversial moves like redirecting climate auction proceeds and making across-the-board cuts to education and government programs, with Republican critics dismissing it as accounting tricks.

Ferguson Advocates for Millionaires' Tax to Reform WA's Tax System

Originally Published 19 days ago — by Washington State Standard

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Source: Washington State Standard

Washington Governor Bob Ferguson supports a proposed 9.9% income tax on residents earning over $1 million, aiming to raise $3 billion annually starting in 2029, contingent on legal approval and voter support, with plans to use the revenue for tax credits, education, and small business relief.

DePaul University lays off over 100 staff amid budget shortfall

Originally Published 27 days ago — by Chicago Sun-Times

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Source: Chicago Sun-Times

DePaul University laid off 114 staff members due to a budget shortfall caused by rising costs and a significant drop in international graduate student enrollment, and is implementing a strategic plan to address financial challenges and invest in future initiatives.

Chicago's Proposed Tax Policies Spark Political and Legal Debates

Originally Published 2 months ago — by Fox Business

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Source: Fox Business

Chicago Mayor Brandon Johnson proposes reviving a head tax on companies with over 100 employees to help address a $1.2 billion budget shortfall, sparking concerns from businesses about potential job losses, amid a series of new and reinstated taxes aimed at increasing city revenue.

Colorado lawmakers navigate tax debates and bill approvals in special session

Originally Published 4 months ago — by Politico

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Source: Politico

Colorado is the first blue state to address a significant budget shortfall through a combination of tax increases, selling tax credits, reallocating funds, and proposing mid-year budget cuts, with political debates over fiscal management and the impact of federal funding.

Denver City Council Plans $26,000 Retreat Amid Mass Layoffs

Originally Published 4 months ago — by CBS News

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Source: CBS News

Amid ongoing layoffs and budget cuts, Denver's city council plans a $26,000 retreat for team building, which was scheduled before the city revealed its financial struggles. The retreat, held at a facility with extensive amenities, is intended to improve council collaboration despite the timing and cost concerns.

Ann Arbor School Board Approves Staffing Layoffs Amid $25M Budget Shortfall

Originally Published 1 year ago — by MLive.com

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Source: MLive.com

The Ann Arbor School Board has approved staff layoffs as a measure to address a projected $25-million budget shortfall, just days before a corrective action plan is due to the state. The majority of the district’s remaining bargaining units will be affected by the layoffs, which were approved by a 4-3 vote, with three board members voting against the motion.

NJ Transit Approves 15% Fare Hike Despite Protests

Originally Published 1 year ago — by News 12 New Jersey

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Source: News 12 New Jersey

NJ Transit officials have approved a 15% fare increase for train and bus commuters, set to take effect on July 1, with potential 3% increases annually thereafter. The decision, made in response to a $120 million budget shortfall for the year and nearly $1 billion shortfall by 2025, was met with opposition from the public and criticism from New Jersey state Senate Republican Leader Sen. Anthony Bucco, who accused the Murphy administration of betraying its promise to make New Jersey more affordable. Officials cited the fare hike as an alternative to service cuts and called for more funding from Gov. Phil Murphy and the Legislature.

Ann Arbor Public Schools Grapple with $25M Budget Crisis, Issue Layoff Notices

Originally Published 1 year ago — by MLive.com

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Source: MLive.com

The Ann Arbor School Board has voted to issue layoff notices to members of the Association of School and Community Service bargaining unit as part of efforts to address a projected $25-million budget shortfall. The decision comes after a decline in student enrollment, an increase in staff positions, and recent raises for teachers contributed to the deficit. The board aims to provide affected employees with more time to plan for potential job loss, but some members expressed a desire for additional input and information before issuing layoff notices.

"Ann Arbor Public Schools Grapple with $25M Budget Crisis and Layoffs"

Originally Published 1 year ago — by Detroit Free Press

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Source: Detroit Free Press

Ann Arbor Public Schools is facing a $25 million budget cut for the next school year, leading to anticipated staff layoffs due to a shortfall discovered in an audit. The district attributes the challenges to an increase in staff, a decline in school enrollment, and recent raises for teachers and staff members. Interim Superintendent Jazz Parks stated that the cuts will begin at the central office and administrative positions, and the district is expected to make staff and program reductions despite efforts to address the budget challenge. This situation reflects a broader trend of budget woes in school districts across the country as federal pandemic relief aid diminishes and school enrollment declines.

"ICE Considers Mass Release of Migrants Due to Budget Shortfall"

Originally Published 1 year ago — by CBS News

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Source: CBS News

U.S. Immigration and Customs Enforcement (ICE) is considering releasing thousands of migrants from detention due to a budget shortfall, with the potential release of 4,000 to 6,000 migrants. The Biden administration had requested additional funding for ICE operations, including deportations and detention beds, but Congress has not approved the funds. The budget shortfall also threatens to undermine ICE's efforts to deport migrants and affects other parts of the immigration system, including border surveillance technology and processing legal immigration benefits.