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Despite the revenue constraints that colleges faced during the recession, such as lowered state and local appropriations, institutions did not drastically cut spending.
We do get support from the state of New York, generous support, I believe, given the revenue constraints that the state's been under.
The lawmakers agree that this is unacceptable, but they have not yet found an acceptable way, given the revenue constraints, to fix it.
"We're talking about all levels of government being in some revenue constraints at a time when the service costs aren't going down," said Chris Hoene, the director of policy and research for the National League of Cities.
Few empirical studies have examined the role of revenue constraints as a determinant of social spending (Garrett 1998; Kato 2003; Lindert 2004; Haggard and Kaufman 2004).
The attitudes of these decision makers regarding alternative silvicultural regimes may be influenced by a variety of factors, including their knowledge and prioritization of desired ecosystem goods and services, as well as the anticipated revenue constraints due to size of the estate.
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We consider the objective of minimizing worst-case inefficiency subject to a revenue constraint, and prove results in three different regimes.
The revenue constraint is used for balancing the operational expenditure.
Two kinds of constraints are added: a revenue constraint and a budget constraint.
Equation (20) is the revenue constraint for covering operational expenses, i.e., operating and maintenance costs.
There are probably two reasons: first, the 5%% borrowing allowance brings the answers in our two cases fairly close; second, the revenue constraint dominates in the numerical example.
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