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The governor's plan is to cut his way out of budget troubles, and to use irresponsible gimmicks like borrowing against anticipated proceeds from the tobacco company settlements.
Wells said the general fund provision in the bill cannot take effect until fiscal 2019, because the city has already budgeted the anticipated proceeds to that point.
The anticipated proceeds would have allowed the city to erase a good chunk of this year's deficit, Mr. Philbin said, but any sale is now unlikely before next year.
The library is planning to pay for the renovation, known as the Central Library Plan, with $150 million from the city and more than $200 million in anticipated proceeds from the sale of the Mid-Manhattan Library and the Science, Industry and Business Library.
Alcoa plans to sell 150 million shares of common stock, resulting in anticipated proceeds of about $850 million based on the $5.73 closing price of Alcoa stock on March 13.
Anticipated proceeds from the Gazprom sale have already been included in the Government's revenues in the final quarter of 1998.
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Government authorities have invited tenders from five bidders (including Belgacom, Swisscom, Telefonica and Tiscali), whose final offers are due by March 29, and anticipate proceeds surpassing $2 billion for the 51.1% stake.
Next steps: Detail how you anticipate proceeding for the rest of the term.
If the patients are willing to give their consent and the rate of recruitment achieves the target rate by the end of the feasibility phase, we would anticipate proceeding to the main trial.
Mr. Weill declined to specifically discuss Fleet or comment at all about how he anticipated using the proceeds from the spinoff.
Despite $20 billion in federal money and $4.6 billion anticipated in insurance proceeds, however, the site's two central projects, the Freedom Tower and the memorial, have stumbled financially, as in every other way.
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CEO of Professional Science Editing for Scientists @ prosciediting.com