Sentence examples for budget takeover from inspiring English sources
The county was just a few days and decimal points from a budget takeover by a state-appointed board, and instead of finding a solution to a $45 million deficit, from her vantage point, its legislators were behaving like kindergartners.
Mr. Thompson calls it a "budget-busting government takeover".
The first signal of corporate takeover was budget dumping.
The authority has imposed a Wednesday deadline for county officials to balance the budget or face a state takeover.
It is in a strong financial position for the takeover with a budget that has been in balance since 2003 and with a $90 million renovation that is about 70 percent complete.
It started with a "sick-out" on Monday, May 2, when teachers walked out of 94 of the city's 97 public schools in protest of budget cuts and a state takeover they say has put their school system hundreds of millions of dollars in debt and threatened to leave them without pay.
Philadelphia's schools, whose chronic budget problems led to a state takeover in 2002, have not been this close to the abyss in memory.
But J.P. Morgan, which the fund had selected as the lead underwriter, was then hired by the State Division of the Budget to offer advice on the takeover.
It took the Pelosi-Reid Congress years to write their budget crushing, 2,300-page health care takeover.
It also requires the city to balance its budget or face a full state takeover.
The governor and state treasurer will appoint members to the financial advisory board, and the city must meet monthly budget requirements or face further state takeover.
