Word: budget
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Going into the 2010 fiscal year, the MBTA originally faced a deficit of $186 million and warned there may be large fare hikes to both subway and bus services. The budget gap was closed after the MBTA made $26 million in cuts and the Mass. legislature appropriated $160 million in revenue from sales taxes to the MBTA...
Rockefeller had been pushing for a 90% threshold, but the Congressional Budget Office said such a requirement would severely limit companies' flexibility and "make such insurance an essentially governmental program." Many states currently have MLR requirements, but most are below the federal level that would be established under Democratic health reform. The existing minimum baseline, established in non-binding guidelines from the National Association of Insurance Commissioners, says that MLRs must be at least in the 50-60% range, depending on what other regulations are in place...
...There is a national economic crisis, so the government has to be clear about its public policies and how it's using its resources," Gomez said, noting that the government has already had to cut budget funding for education and health. While the price tag on the Happy Children Amusement Park remains classified government information, the Nicaraguan media has estimated that the ice rink alone costs upwards of $2 million - roughly the same amount the government spent this year on it equally opaque program for street children...
...November, voters elected Dave Bing, the steel magnate and former NBA star, and five new city councilmembers. They face daunting challenges, starting with a budget deficit of at least $275 million and a nearly 30% unemployment rate. Detroit also needs to attract and retain a sizable middle class - of any hue - which is difficult given the sorry state of schools, public security and business. The situation is so dire, the state of Michigan may seize control of Detroit in the coming months. "With the kind of challenges the city is going to face," Cockrel says, "I can make a better...
Instead, with Saada in central focus, the Yemeni government is spending its dwindling funds at an alarming rate. Yemen's budget deficit is rising, and the conflict has become increasingly complex and far-reaching, with tribes that had not previously been involved joining the fight on each side...