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The government is also postponing some spending obligations.
The problem is that municipalities have too many spending obligations and not enough revenue.
Sure, state tax revenues are growing again, but so are state spending obligations.
It might require that bondholders be paid off before spending obligations are met.
Next year the price will have to be $120 to meet its spending obligations.
Greece also needs funds for domestic spending obligations such as paying public-sector workers and pensions.
Similar(27)
There was a snowboarding movie shoot, lots of photo shoots, time spent and obligations met in Aspen, Whistler and Squaw Valley.
There was no time built into it for dates, for flirtation, for mornings spent ignoring obligations for lingering caresses and banter.
Their plan -- because even a life spent defying obligation needs a plan -- was to separate themselves from work long enough to figure out who they wanted to be when they grew up.
Time spent fulfilling the obligations of directorships is not spent bashing ministers and preparing to replace them, they say; and the spectacle of senior Tories with multiple jobs may jar with voters struggling to keep just one.Some Conservatives downplay the importance of personnel, arguing that voters seldom notice any opposition spokesman other than the leader.
With individual councils facing funding cuts of up to 6.9%, and growing concern in some authorities about their long-term ability to meet statutory obligations, spending on culture has inevitably been slashed in many areas.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com