#budget-gap

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www.theguardian.com
2 months ago
UK politics

Ministers call for much greater pace' of UK defence investment

Call for increased defense spending to 2.5% of GDP
Concerns over lack of credible plan for defense funding [ more ]
www.standard.co.uk
2 months ago
London

Government grants 54m loan for near-bankrupt Havering Council to balance its budget

Years of underfunding from the Government have left the council with a significant budget gap.
The council is seeking a loan to balance the budget for the upcoming financial year and plans to increase council tax and make savings. [ more ]
New York Post
3 months ago
NYC politics

Hochul's budget isn't terrible - but will she stand up to lawmakers who will want to make it so?

Gov. Hochul's budget proposal for next year does not include any new taxes.
The budget aims to keep overall spending roughly flat and slow the growth of school aid. [ more ]
www.amny.com
3 months ago
NYC politics

Mayor Adams' $109B preliminary budget restores funding to some agencies, but still contains broad cuts | amNewYork

Mayor Eric Adams unveiled a preliminary budget of $109.4 billion that fully closes a projected $7 billion gap.
Adams plans to pull back on some of his proposed spending cuts but still includes broad trims. [ more ]
POLITICO
4 months ago
NYC politics

Hochul talks 2024 priorities in NY, but refrains from new plans for migrant, housing woes

Governor Hochul's speech and policy proposals largely repeated ideas that have already been unveiled or supported by previous administrations.
She emphasized the need to make New York more affordable and safe, focusing on issues that have resonated with voters in recent years. [ more ]
New York Post
4 months ago
NYC politics

NY lawmakers head back to Albany for 2024 session - as tensions simmer with Gov. Hochul

Tensions between Governor Kathy Hochul and state legislators have resurfaced after Hochul vetoed several bills, sparking a combative atmosphere.
Governor Hochul's push for major action on housing is expected to cause further tension with the legislature. [ more ]
Cbsnews
4 months ago
NYC politics

Mayor Eric Adams considering tax hikes to address multi-billion dollar budget gap

Mayor Eric Adams is considering tax hikes to address a multi-billion dollar budget gap in New York City.
The budget gap is caused in part by the asylum seeker crisis and the reduction in federal aid for COVID. [ more ]
Sacramento Bee
4 months ago
California

California Democrat pushes wealth tax as $68 billion deficit looms. Why it's getting attention

A California Democrat is renewing efforts to tax wealthy residents' net worth as a solution to the state's budget gap.
Assemblyman Alex Lee's bill, AB 259, would institute a 1% tax on the net worth of residents with more than $50 million in assets. [ more ]
The Sacramento Bee
4 months ago
California

California lawmakers finally tackle reparations. Will $68 billion budget deficit get in the way?

California lawmakers next year face huge political and financial challenges as they seriously consider reparations for Black descendants of slaves.
The Sacramento Bee
5 months ago
California

'Everything is on the table' to fix $68 billion California budget gap - even a fiscal emergency

California lawmakers will return to deal with a $68 billion budget gap
Tax revenue shortfall has created a serious budget deficit for the 2024-2025 fiscal year [ more ]
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