"It's obvious there's going to be a couple billion dollars' shortfall," said Raymond J. Lesniak, a Democrat who is chairman of the Economic Growth Committee of the New Jersey State Senate.
To do this, we appeal to donors to make up the eight million dollar shortfall that exists in the multi-sector emergency appeal, including interventions in the fields of Health and Nutrition, Water supply, sanitation and hygiene and, HIV/AIDS for $19 million made earlier this year," Dr. Babille concluded.
A $1.7 billion dollar shortfall for the Global Fund to Fight AIDS, TB and Malaria over the next five years means that 3.4 million patients may go untreated.
One person involved with the pension and health plans, who spoke on condition of anonymity because of the delicacy of the situation, called the looming half-billion dollar shortfall "staggering".
Additionally, news broke this week that over two dozen corporations and individuals reneged a collective $8.1 in pledged donations to the event, leaving the convention with a multi-million dollar shortfall.
Noting that Texas may face a budget shortfall reaching several billion dollars by 2003, he has hinted that taxes may need to be raised, a position usually considered taboo here.
Officials at FEMA (the Federal Emergency Management Agency) rejected California's request for a state of emergency saying the state had ample resources to manage the emergency despite the state's budgetary shortfall of several billion dollars and the costly state of emergency California declared to manage its unprecedented summer wildfires.
GOP leaders, despite their previous insistence that they are the stewards of fiscal prudence, themselves now admit that these tax cuts will create budget shortfalls, perhaps a billion dollars or more over the next five years.
Mr. Bowden said that donors like the United States had been generous in contributing money for emergency assistance but that there was still a shortfall of half a billion dollars.
Making up for the missing federal aid would add another half billion dollars to Michigan's existing $1.5 billion budget shortfall, Ms. Granholm said on a conference call with reporters Friday.
AS New Jersey's fiscal outlook wors ened considerably with its budget shortfall growing by a billion dollars to $2.4 billion since the last accounting only five weeks ago -- Governor-elect James E. McGreevey last week pressed ahead to fill out his nascent cabinet.
