Word: hiked
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Dates: during 2000-2009
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...Bruun, a mother of two in Winner, S.D., this summer bypassed the PTA and formed an independent parent fundraising group, Keeping Intelligent Determined Students (KIDS). Its goal is not only to raise money for the local school district but also to lower the amount of a $500,000 tax hike the town proposed to cover teacher and aide salaries. In early July, a radiothon raised $42,066 through donations ranging from $10 to $2,000, and the group has planned both an online sale and a concession stand for later in the summer. Bruun has even made overtures...
...acquisition in January of HBOS, the troubled U.K. lender heavily exposed to Britain's declining property market. Still, you can't fault Lloyds' optimism. The bank, in which the government has a 43% stake, predicted "high single-digit income growth" within two years. Analysts expect a steep hike in provisions for bad loans when Royal Bank of Scotland (RBS), Britain's largest taxpayer-funded lender, unveils first-half results later this week. After falling to a $40 billion loss last year, the largest in U.K. corporate history, RBS - more than two-thirds of it in government hands - should at least...
...billion budget shortfall. The deal employs a combination of shifted funds, massive borrowing and more than $15.5 billion worth of cuts to major government programs. Comparing the budget sessions to a "suspense movie," Schwarzenegger thwarted a request by state Democrats to raise taxes and said the $12.9 billion hike in February was enough. Having issued some $680 million in IOUs and put nearly every member of the state workforce on a mandatory three-days-a-month furlough program, California plans to save an additional $1.2 billion by deferring employee paychecks until the next fiscal year...
...encountered this dilemma in 1991, as did Gray Davis in 2003. Now it's Arnold Schwarzenegger's turn to try to wrestle a highly partisan legislature into slashing enough programs to eliminate a towering deficit. Having raised taxes by $12.8 billion in February, the governor balked at a second hike...
...July 2, 2009 After a February tax hike and major budget cuts fail to slash its swelling debt, California issues its first round of IOUs. The figure is expected to reach $3 billion by the end of July