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When asset values fall companies often must make up the funding shortfall over several years.
California's budget crisis is monumental -- a shortfall over the next 18 months of $34.8 billion.
The cumulative shortfall over the years undoubtedly exceed $3.4 billion, which means the settlement is a bargain.
Walker inherited a budget gap of $137 million and a potential $3.6 billion shortfall over the following two years.
The authority faces a $223 million shortfall over 20 years without raising the rates, Mr. Darlington said.
The European aerospace company also upped the total amount of a projected profit shortfall over four years to euro4.8 billion ($6.1 billion) because of the delays.
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Mr McDonnell observes, fairly, that "if we stick to the same old means of funding transportation, we will find ourselves having the same debates and facing the same revenue shortfalls over and over again as inflation slowly eats away at the gas tax, cars get better mileage to meet CAFE standards and more alternative-fuel vehicles hit the streets".
That way when you are really in a free‑hitting mode at the back end of the innings the fielding side will have to use their lesser bowlers to make up the shortfall in overs.
If the economy slides into a recession, revenue may fall steeply, starting the cycle of government shortfalls all over again.
IN Tuesday, the Congressional Budget Office will unveil its latest prognosis for federal budget shortfalls over the next 10 years.
In this instance, the negotiations had been carefully watched because New York City faces serious budget shortfalls over the next several years.
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