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In times of fiscal difficulty, City Hall must depend upon the good graces of state legislators from farming communities outside Oneonta and depressed mill towns along the St. Lawrence River for funding its subways and its teachers.
By the time the next mayor is fully in control of the city government, the 2002 political season will have begun, as will a new year of budget negotiations for the federal and state governments, which will both find themselves in fiscal difficulty.
Let's not forget that Texas is now in serious fiscal difficulty thanks to the tax cut Mr. Bush pushed through as governor -- a cut that he helped sell with tricky accounting, including a supposed two-year Medicaid package that was actually only budgeted for 23 months.
In his televised address Wednesday, Governor Paterson said, "This, I believe, is the right thing to do, I have no doubt of that," and added, "At a time of unparalleled fiscal difficulty, the appointment of Richard Ravitch today will bring the governor a successor, the Senate a presiding officer and will help to alleviate this crisis".
The capital investment of placing a large sum of cash in a bond fund or financial account can put the company in fiscal difficulty from the start.
Given that Russia needs a Brent crude oil price of about $118/bbl to balance its budget, they are already in some fiscal difficulty.
Similar(54)
In a low-key style, Mr. Johanns guided the state through fiscal difficulties.
But given the state's fiscal difficulties, he offered a guarded assessment of the legislators' proposal.
At the top of the agenda is the state's fiscal difficulties and crippling budget deficits.
"It's an example of how fiscal difficulties are affecting neighborhoods".
Five of the 16 countries that use the euro are now facing serious fiscal difficulties.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com