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Despite the grim outlook, S&P says that since budget cuts would not take effect until 2013, state and local governments have time "to implement budget adjustments that, in our view, could prove important in the maintenance of their credit quality".
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"Significant budget adjustments will be necessary, but the demonstrated power of collective bargaining suggests that future budget controls may be difficult for the district to implement," the credit agency said.
When gaps occur, Nassau has been slow to make budget adjustments, Ms. Brosen said.
The public advocate's budget has already been pruned to a scant $2.6 million in the latest rounds of budget adjustments.
In these times of very tight budgets, budget adjustments cannot be made without considering the morbidity profile of the population attended by each PHC.
Budget adjustments are made that relate to costs and activity for the calendar year two years previously.
In New York City, the mayor's planned budget adjustment will not severely affect uniformed services.
To further exploit parallelism, we propose an Adaptive Budget Adjustment (ABA) mechanism to minimize wait time caused by thread synchronization.
Britain's government plans to squeeze three-quarters of its budget adjustment from spending cuts.
Then, the concrete solution will be described in the summarized power budget adjustment algorithm (Algorithm 2).
Figures 8 and 9 demonstrate the effectiveness of power budget adjustment based on the virtual cluster.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com