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The Legislature approved a reduction of $637.1 million, about 20percentt of the university's 2009-2010 financingas financing, as part of the budget agreement reached in August.
In the fiscal year 1990, the bank board approved a reduction in the commitment fee for loans approved but not yet disbursed.
Politicians have already approved a reduction in the budget of the Jersey Music Service and the introduction of charges for the music lessons it provides outside school.
According to Iraq and Afghanistan Veterans of America (IAVA), as part of the budget deal, lawmakers approved a reduction in the annual cost of living adjustment for military retirees and survivors.
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MANHATTAN: TAX CUT APPROVED -- The New York City Council voted 39 to 3 yesterday to approve a reduction in the city's personal income tax that would save taxpayers an average of $52 a year.
Such a vote looks set to approve a reduction in the age to 16.
The city's Franchise and Concession Review Committee voted 5 to 1 yesterday to approve a reduction in the value of the city's two-year-old contract with Snapple.
Mr. Stern would not predict whether the board would approve a reduction in the spread, or how soon it might do so.
On Feb. 24, the four new appointees split with the other three, overruling Mr. Volcker in approving a reduction in the largely symbolic discount rate that the Fed charges banks, from 7 1/2 to 7percentt.
Nor are other condo owners likely to approve a reduction for one unit, Mr. Braverman said, because decreasing the common charge for one would generally increase it for others.
The Arizona House today approved a sharp reduction in subsidies for alternative-fuel vehicles that had threatened to use up about a tenth of the state's $6 billion annual budget.
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