#budget-shortfall

#budget-shortfall

The San Diego Metropolitan Transit System faces a roughly $500 million funding gap over the next four years, but it's not due to diminishing services. Regional riders are enthusiastic about the transit system - it has one of the fastest growing riderships in the country and ranks third for the number of passenger trips and passenger miles in California. However, like other major transit agencies such as BART, the MTS kept things moving after the pandemic through one-time emergency funds from federal and state subsidies.

San Jose city leaders are moving ahead with a June ballot measure to raise hotel taxes, seeking to generate millions of dollars for critical services amid budgetary woes. With the city already forced to cut previously approved services and institute a hiring freeze to rebalance this year's budget, next year promises to be even more challenging, as San Jose faces an estimated potential shortfall of $55 million to $65 million, due in part to the sluggish economy and stagnating revenue.

Oakland Unified School District leaders see attendance rates as critical to their plan to address a $100 million budget gap. Increasing attendance by even 1% overall could add $5 million in revenue. That's because state funds, which make up the biggest pot of money for the district, are based on a funding formula that uses students' average daily attendance rates. Raising attendance a few percentage points could mean millions more for a district searching for a way out of its structural deficit.

The latest fare hike is detailed in a federally required analysis of the equity impact on minority and low-income riders. The 106-page report, which includes dozens of pages of largely critical comments from people surveyed about the proposed increase earlier this year, concludes that higher fares will have no disparate impact on BART's substantial number of customers who are people of color or who have lower incomes.

The gap means the council is considering raising council tax by almost 5%, while looking for extra income and spending cuts elsewhere. Council leader Dominic Twomey said the council's situation was incredibly difficult. He pinned the blame on 14 years of austerity and a lack of funding for local government. The council launched a public consultation on its spending yesterday (Wednesday 10th) as it begins work to set next year's budget.

If the mosquito population increases, like you feel that, you feel that in your own comfort in your own home, you feel that in your backyard, you feel that at the park,

Trustees approved pay hikes and eliminated salary caps for the system's executive employees - presidents, vice chancellors and the system's chancellor, Mildred García - last week after a pay analysis presented by the consulting firm Segal found that about 75% of comparable institutions pay executives more than CSU. The new executive compensation policy also includes a performance-based pay incentive up to 15% of the executive's base salary, a more competitive retirement plan and increased housing allowances ranging from $60,000 to $80,000.

In a letter sent to the community Thursday, Saddler - who stepped into the top role over the summer after the school board ousted longtime superintendent Kyla Johnson-Trammell - said that $100 million must be cut from the 2026-27 budget in order for the district to stay afloat. "People we know and care about will lose their jobs. Programs our students love will be reduced or eliminated," Saddler said.

Around 1,500 Greater London Authority (GLA) staff have been warned of possible redundancies due to a major budget shortfallthe first such warning in the GLA's 25-year historyamid fears of losing millions in government funding. Factors such as the end of post-Brexit parachute payments, changes to business rates, and uncertain council tax revenues have created a potential funding gap, forcing the GLA to plan for all scenarios and possible cuts to staff posts.

In April 1975, the Labour chancellor Denis Healey sought to grip the UK's runaway inflation and rising unemployment rates an economic crisis triggered by the shock rise in global oil prices by raising the basic rate of income tax. Now Rachel Reeves, faced with her own set of difficult economic circumstances, including a multi-billion-pound budget shortfall, is contemplating the same remedy breaking a 50-year taboo by becoming the first chancellor since Healey to hike the basic rate of income tax.

MTA officials have spent the last three years waiting for a mountain of COVID-19 relief cash from the feds that may never arrive, leaving a hole in the agency's budget that must be filled by riders and taxpayers. Financial reports show the MTA seeks $600 million over the next two years from FEMA as reimbursement for contracts issued 2020 and 2021.

Five months ago, Los Angeles Mayor Karen Bass revealed in her State of the City address that more than 1,600 city workers might have to be laid off to close a $1-billion budget shortfall. On Tuesday, after months of negotiations, Bass stood at City Hall with union leaders and announced that her administration had averted every layoff. "Some people said it couldn't be done, but I am so glad to stand here today and say that we have proved the naysayers wrong," Bass said.

UC "receives over $17 billion per year from the federal government - $9.9 billion in Medicare and Medicaid funding, $5.7 billion in research funding, and $1.9 billion in student financial aid per year," Milliken wrote in the letter addressed to Sen. Scott Wiener (D-San Francisco), chair of the Joint Legislative Budget Committee. If such funds were lost, Milliken wrote, "we would need at least $4-5 billion per year to minimize the damage."

"The funding shortfall that began on July 3 has spurred concern that the panel attorneys could decline new cases, leaving some defendants without representation."

Berkeley's decision to cut part-time jobs and halt the waterfront monitor program highlights the city's ongoing struggle with a significant budget deficit, prompting unprecedented layoffs.