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The projected shortfall for next year is nearly $650m.
Removing it would take care of about 90% of the projected shortfall.
The decline, the council said, would increase the projected shortfall to $964 million, from $698 million.
Doing so would fully address the projected shortfall for 75 years.
Officials said the projected shortfall was caused by decreased revenue, increased expenditures and stagnant employment growth.
The projected shortfall had been $441 million, but was lowered after the toll increase in September.
Similar(21)
Despite the projected shortfalls, the F.H.A. does not have an immediate need for cash, housing officials stressed.
The projected shortfalls are less than the shortfalls that were taken care of in the 50's, 60's, 70's and 80's.
But the Republicans who control the House have argued that modest budget trimming combined with a strengthening economy would close the projected shortfalls without tax increases.
"The projected shortfalls in cruisers and destroyers, attack submarines, and other ships could make it difficult or impossible for the Navy to fully perform its projected missions during the latter years of its 30-year plan," he wrote.
It linked the projected shortfalls to investments in what it hopes are promising sectors, like data services, even as prices for service continue to drop in the consumer long-distance market.
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