Word: exceedingly
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What this implies is that with any constant-quality public service package and at any tax rate level (with the present mixture of state and local taxes), given sufficient time, costs will exceed tax revenue. The situation for New York, however, is even worse than the average American city...
This fiscal gap substantially accounts for the "political theatre" of the "battle of the bulging budget." The tendency for costs to exceed taxes requires periodic adjustments to annually balance the local budget (as required by law), either by downgrading program quality, raising tax rates, or increasing dependence on outside aid. Usually some combination of all three types of adjustment is used, leading to cries of distress from three overlapping groups: public service recipients, City taxpayers, and State (and to a much lesser extent, Federal) taxpayers...
...addition, the Senate committee approved overdue aid for unmarried people, who now pay a disproportionately high levy. Single people can now pay up to 40% more in taxes than married people with the same income. Under the Senate bill, the difference would not exceed...
...this area, at least, I doubt that the demands from radical scholars exceed the possibilities for financing them...
Dartmouth has never been an easy game for the Crimson, and last fall excepted, the margin of Harvard victory during Yovicsin's tenure has yet to exceed eight points. Dartmouth rarely beats itself by overconfidence, and it would be a mistake to hope for such an occurrence this afternoon...