There are two possible paths forward for the district: 1) severe staffing cuts, dramatic increases in class sizes, and more neighborhoods torn apart by school closure; or 2) serious revenue solutions like a progressive income tax.
At payment site PayPal, currency fluctuations were less severe, hurting revenues by 3% as a result of hedging by the site.
He wrote that if broadcasters dropped cigarette commercials by the following January 1st, "a severe drop in revenue" and consequent "changes in the program service available to the public" would result.
Taking advantage of the severe decline in revenue from Detroit's first shock, the media, corporations and right-wing politicians drummed up a crisis of fear about financial debt.
Democrats respond that the budget shortfall results chiefly from a severe drop in revenue from taxes on capital gains and stock options from the market run-up of the late 1990's and that those lost revenues must be replaced with new taxes.
Star players like Hamm agreed to take pay cuts from $80,000 to $60,000 this year, and rosters were trimmed from 18 to 16 players, but these belt-tightening measures could not compensate for a severe lack of revenue in the face of corporate indifference.
But, she added, it's going to be difficult for unions to continue serving their members if they see severe declines in revenue.
Until the sport feels severe consequences in revenue and viewership, they will continue to release vague statements, late PSAs, and unfit punishment for the actions of the players.
It's almost impossible for a Main Street business to get financing, and state and local government entities are looking at severe cuts in revenues and services.
These numbers shouldn't be taken as a reason to ignore the severe shortfalls in revenues flowing into municipal budgets that are used to pay debt service on municipal bonds.
