He predicted that next year the city would confront a deficit of up to six billion dollars, or fifteen per cent of its total budget, and called this "as great a potential fiscal crisis as any we've suffered in modern times".
Revenues have been falling, and the city is confronting a budget deficit of at least $212m in the current fiscal year, which ends in June, and of $484m in the next fiscal year, according to estimates by Wendy Greuel, the city's chief accountant.
Confronting a $480 billion budget deficit this year and many more years of deficits to follow, does Mr. Bush want to commit to expending the money and energy needed to remake the nation's space program, the step the commission said was critical to averting a third disaster?
With the state confronting a projected $10 billion deficit for next year, Gov. Andrew Cuomo has little choice but to cut back the program.
Few politicians are as embattled as Villaraigosa is these days: he is confronting a $530 million budget deficit, a cranky electorate, plunging poll numbers and an increasingly hostile press.
Indeed, the adhesive woes are occurring as the state, which is confronting a growing budget deficit, has raised registration fees by about 25percentt for most vehicle owners.
Despite austerity measures, the government is confronting a serious budget deficit and spiraling inflation, and it is not able to pay all salaries.
He lost a month for orienting himself to an executive branch that he may try to reshape as he confronts a $6.2 billion deficit.
"It was one of the first things to go, and it wasn't that difficult a call," Michael Drewniak, a spokesman for Mr. Christie, said of the governor's decision to halt the credit as he confronted a ballooning deficit.
