— MICHAEL J. DE LA MERCED Judge Glenn asks when the trustee became aware of the new shortfall.
Mr. Sandoval has faced sharp criticism from the right for his decision to close the new shortfall by extending taxes that had been set to expire.
To offset the new shortfall, Mr. Cuomo said that he was proposing that the state cut $120 million from the budget of the Office for People with Development Disabilities, and an additional $380 million from Medicaid programs.
Genzyme attributed the new shortfall to "a temporary decrease in Cerezyme yields, combined with changes to our product release processes and procedures that lengthen the overall time it takes to release Cerezyme".
The 6,000 nonunion employees of the Metropolitan Transportation Authority would have their salaries cut by 10percentt and subway, bus and commuter rail service would be sharply reduced under a plan to plug a new shortfall of about $340 million in the agency's budget, according to an official familiar with the plan.
Teitelbaum's deep understanding of how Washington works shines in his dissection of the massive lobbying campaigns that have once again convinced the media and much of the political class that the United States faces a new shortfall of scientific talent.
To compensate for the new budget shortfall, the government expanded its austerity program, originally introduced when South Sudan seceded.
Yet on Monday, there was Mr. Brown in a familiar, if uncomfortable, position: calling for severe spending cuts, this time to deal with a new $15.7 billion shortfall.
But then Calpers's investments took a pounding in 2008, leaving Stockton with a new pension shortfall to cover — plus about $7 million of principal and interest to pay on the bonds every year.
The surge in refunds is already contributing to a new $285 million shortfall in the current year's budget, thus making it imperative, city officials say, to cut programs and raise taxes even earlier than anticipated.
