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The hospital is projected to have a cash deficit of $72.5 million for the 2013-14 fiscal year.
In it, Mr. Corwick wrote, "For the fiscal year ending June 30 , 2001 the City of Jersey City also had a cash deficit of $54,075,486".
At its current levels of capital spending, Cablevision has been heading for a cash deficit of at least $600 million next year.
One of the athletes he coaches, Jilleanne Rookard, had an abundance of talent, desire and grit, he explained, but a cash deficit threatened to derail her bid to make the 2010 United States Olympic team.
In 2010 America's Social Security system ran a cash deficit for the first time since 1983 as more money was paid out in benefits than was collected in contributions.
Revlon's majority owner, Ronald O. Perelman, has promised to advance Revlon $40 million if necessary, but the company ran that much of a cash deficit in its third quarter alone.
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"This means that a given cash deficit represents a larger share of the, now smaller, economy".
United is not facing a cash shortage yet, however, despite its pension deficit.
But the official, Marvin Corwick, did not retract any of the contents of the Tuesday letter, which accused Mr. Schundler of leaving a $54 million cash deficit when his term ended on June 30.
In their first extensive interview in two years [Page C4.], Mr. Dolan, 75, and his 47-year-old son, James L. Dolan, Cablevision's chief executive, also defended their plan for a looming cash deficit of $600 million or more, whose threat has helped send the company's stock plummeting 77percentthis yearar.
Scott Morrison's budget update in December predicted an underlying cash deficit of $37.4bn this financial year, adding up to deficits of $108.3bn over the four-year cycle.
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