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	Budget crisis Summary
		A budget crisis is an informal name for a situation in which the legislative and the executive in a presidential system deadlock and are unable to pass a budget.
		At the federal level in the United States, a crisis can often be averted by a continuing resolution which appropriates funding at the same level as the previous budget.
		A particularly severe budget crisis occurred in the United States in November 1995, when the House of Representatives under Speaker Newt Gingrich and the administration of President Bill Clinton quarelled over apportionments.
	www.bookrags.com /Budget_crisis (712 words)

	Budget - Wikipedia, the free encyclopedia
		In a personal or family budget all sources of income (inflows) are identified and expenses (outflows) are planned with the intent of matching outflows to inflows.
		The budget of a government is a summary or plan of the intended revenues and expenditures of that government.
		In the UK the budget is prepared by the Chancellor of the Exchequer, the second most important member of the government, and must be passed by Parliament.
	en.wikipedia.org /wiki/Budget (589 words)

	2006 Puerto Rico budget crisis - Wikipedia, the free encyclopedia
		The 2006 Puerto Rico budget crisis is a political, economic, and social crisis that saw much of the government of Puerto Rico shut down after it ran out of funds near the end of the 2005-2006 fiscal year.
		The crisis was publicly criticized by the business sector, non-profit organizations, Puerto Rican celebrities, and the general public (by means of opinion polls), and was described as the consequence of a political power struggle between the Commonwealth's main opposing political parties: the Popular Democratic Party and the New Progressive Party.
		On May 4, the first signs of compromise emerged as the Senate approved a new budget which proposed a 5.9% sales tax and a corporation tax to be placed only on corporations with earnings of more than ten million dollars.
	en.wikipedia.org /wiki/2006_Puerto_Rico_budget_crisis (1542 words)

	The Budget Crisis: Is It All Déjà Vu? (Site not responding. Last check: )
		Historical data from the Congressional Budget Office are used to determine the extent which changes in the budget balance can be traced to legislative actions as opposed to unforeseen changes in the economic situation and technical revisions.
		The paper distinguishes among three periods: (1) a period of budget stalemate from 1981–95, (2) the emergence of budget surpluses after 1995, and (3) the reappearance of deficits in 2000–2005.
		The elimination of the budget deficit in the late 1990s is traced to a highly fortuitous set of economic circumstances that are unlikely to be repeated.
	www.brook.edu /views/papers/200602_iiep_bosworth.htm (525 words)

	Budget Address 2006 - Speech
		Governor Codey made clear last year in his budget address that we had to start the process of cleaning up “the fiscal mess in Trenton,” and with the help of the Legislature, important first steps were taken in fiscal 2006.
		But the size of the budget is not the result of new initiatives on services or aid; it is simply a reflection of the true cost of current state services already being provided.
		In addition to considering my budget plan, I am asking the Legislature’s cooperation as I begin restructuring a number of agencies in ways that should be at a minimum, cost-neutral, but designed to improve performance and outcomes.
	www.state.nj.us /budget06/speech.html (4029 words)

	Covering the California state budget and the budget crisis
		Writing budget stories is usually one of the most loathed assignments for reporters – not known for their love of mathematics.
		Gage spoke at the June 18 FACS seminar, “The California Fiscal Crisis: The Impact at Home,” in Pasadena, Calif. He discussed what led to the current budget crisis; how the state might get out of its mess; and how to calculate a “deficit,” among other important reporting tools.
		The California state budget is a particular headache, not just because of its size, but because the structure of state and local finances were built piecemeal in the years following Proposition 13.
	www.facsnet.org /tools/law_gov/gage.php (1518 words)

	Kentucky Budget Crisis Goes Largely Unnoticed (Site not responding. Last check: )
		But, she noted, the initiative had been included in every version of the budget considered by the legislature, raising the likelihood that it will be endorsed for the budget's second year.
		Mirroring provisions usually included in budgets passed by the legislature, the plan also suspends enforcement of about 140 state laws, including ones that mandate certain pay raises for state workers and cap state government employment at 33,000, about 4,000 fewer than the actual number of workers.
		In the end, the budget battle may not end up being as much of a political issue in the fall election cycle as many first thought, says Vince Gabbert, who is coordinating state Senate campaigns for the Democratic party.
	www.stateline.org /live/ViewPage.action?siteNodeId=136&languageId=1&contentId=14968 (677 words)

	The Urban Institute \| Issues in Focus \| Budget Crisis 2006
		A budget deficit gone haywire is symptomatic of a much larger problem—the misdirection of valuable budget resources.
		This discussion was on the effects of the fiscal 2004 budget on the economy, proposed spending on defense and homeland security, the deficit outlook, and implications of tax cuts for low- and moderate-income families.
		Budget experts predict a financial crisis if entitlements are not reformed or taxes increased considerably.
	www.urban.org /toolkit/issues/budgetcrisis.cfm (1511 words)

	Resolve the crisis: Don't Shut Down the UN — The Budget Crisis
		Last year, in the discussions about the UN’s 2006-2007 budget, the United States was successful in an effort to link approval of the UN’s budget authority to progress on the UN reform agenda.
		While the two-year budget was agreed to in principle, a $950 million “cap” was placed on the spending authority of this budget—which represents approximately 6 months of funding based on the approved $3.6 billion biennium budget.
		Most of these donors find the current budget process unwieldy and overly time-consuming at best, and inherently unfair in that they have too little control over the money that their governments are contributing to the organization at worst.
	www.dontshutdowntheun.org /budget_crisis.htm (1171 words)

	budget crisis (Site not responding. Last check: )
		According to the Ministry of Finance, the percentage of the federal budget tax receipts in the GDP during the first ten months of 1996 has decreased to 7% against 9.9% in the same period of 1995.
		Among other factors, the low level of tax collection is explained by an increasing number of instances where the subjects of economic activity conceal their income and by the granting of tax benefits and deferments, particularly during the period of presidential elections.
		In October, federal budget revenues amounted to 21.2 trillion roubles, or approximately two thirds of the average monthly targets for the IV quarter.
	www.fipc.ru /fipctest/reviews/j-okt5.html (470 words)

	Budget Crisis (Site not responding. Last check: )
		While further administrative cuts taken by Port Authority and end-of-the-year budget actions by the state legislature enable the Authority to plug its financial hole in the current fiscal year, the state legislature has not dealt with a comprehensive transportation funding package for public transportation.
		In order to adopt a balanced budget, as required by state law, the Authority had proposed raising its base fare to $2.00 and reducing service by nearly 20 percent, including the elimination of Sunday service and Saturday and weekday service after 9 p.m.
		The restoration of a 6 percent cut in state funding in December filled the remainder of the immediate budget gap.
	www.portauthority.org /dollarsandsense/state.asp?topic=deficit (482 words)

	Sorting through the blame game in the California state budget crisis
		When asked about the California budget crisis, state officials typically focus on the decline in state revenue following the dot-com bust in 2000.
		Thus, Sweeney said, although the energy crisis was a non-cause for the budget crisis, it will have long-term financial implications for the state, and on electricity customers in particular.
		Former state budget director Gage said the results are indicative of a fundamental disconnect in public understanding of the issues.
	www.facsnet.org /tools/biz_econ/blame.php (1986 words)

	Budget crisis, household budget, budget template (Site not responding. Last check: )
		In her analysis of “The State Fiscal Crisis” for the Center for Budget Priorities,Lisa McNichol reveals the dimensions of the most serious budget crisis in.
		Budget Crisis 2005-2006 RPD is facing across-the-board additional reductions intheir General Fund budget allocation from the Mayor's Office once again this.
		Budget crisis Tom Clay maintains a slide showfor his presentations on the current status of the state's budget crisis.
	www.college-counseling.org /budget/budget_crisis.html (917 words)

	C&EN: EDUCATION - ACADEMIC BUDGET CRISIS IN CALIFORNIA
		As the state cuts millions from the UC budget, the Irvine campus is adding 460,000 sq ft of new space for physical and natural sciences.
		Included in the new budget are cuts of about 10% to the two state university systems--California State University (CSU) and the University of California (UC)--on top of midyear cuts already implemented.
		Both UC and CSU department chairmen say their reactions to the current crisis have been tempered by memories of cutbacks in the early 1990s.
	pubs.acs.org /cen/education/8132/8132education.html (1032 words)

	California Budget Crisis - 2003
		Davis, in the midst of this budget crisis, approved the guards’ 37% raise, pushed forward a new $595 million prison in Delano, and proposed an expanded $220 million death row at San Quentin.
		The state's budget shortfall has finally prompted some legislators to scrutinize the latest bit of complacency: Gov. Gray Davis' proposal to boost spending for the California Department of Corrections, in part by speeding the opening of a new maximum-security prison in the Central Valley and building the department a $160-million headquarters.
		Maybe the budget crisis will finally resolve something that common sense and humanity have not been able to: We will realize that not only should we not jail nonviolent drug offenders but we cannot afford to jail them.
	www.geocities.com /CapitolHill/Parliament/2398/california_budget.htm (8268 words)

	What's news - Balancing act: Solving Wisconsin's budget crisis (Site not responding. Last check: )
		The budget crisis in Wisconsin is not only the need to produce a balanced budget, but also to mend a strained relationship between the state and local governments that receive the bulk of state spending.
		Since local spending constitutes more than 60% of state spending, the state budget cannot be balanced without affecting local governments, and how the state handles this during budget deliberations will determine whether the outcome is for better or worse.
		Unfortunately, the proposal does not address a problem at the core of the state’s budget woes which is the method by which the state’s two largest aid programs — school aids and shared revenues — are distributed.
	www.uwopartners.org /whatsnews/Winter2002/budget_crisis.html (945 words)

	CSU \| Chancellor's Communication-May 22, 2001 (Site not responding. Last check: )
		Davis' new 2001/2002 budget proposal for the CSU represents a $233.4 million increase over the current budget approved for 2000/01.
		We are very disappointed that this budget proposal does not include compensation increases at the level the CSU requested.
		As I mentioned in earlier messages, the CSU was requesting a 6 percent employee compensation pool for 2001/02 (the same percentage increase that we had asked for and received in 2000/01).
	www.calstate.edu /executive/010522.shtml (735 words)

	The Oneida Daily Dispatch - Hoffman: State budget in crisis (Site not responding. Last check: )
		ALBANY - The Sept. 11 attacks on America have turned the state budget fiasco into a state budget crisis, said State Sen. Nancy Larraine Hoffmann, R-Fabius, who has been attempting to reform the state budget process since 1997.
		This year's late budget was partially resolved with a bare-bones budget passed in August, but local school districts, municipalities and organizations were hoping a supplemental budget would be passed so they would receive extra aid.
		Hoffmann said that if that reform was passed, the current economic crisis caused by the terrorist attacks would have been easier to navigate through.
	www.zwire.com /site/news.cfm?newsid=2530221&BRD=1709&PAG=461&dept_id=68844&rfi=6 (385 words)

	State Budget Crisis (Site not responding. Last check: )
		Contrary to popular belief, the state fiscal crisis is not caused by state overspending.
		Unfortunately, the crisis is not expected to diminish for another few years.
		It is crucial to educate the policy makers and the public about the devastation the state fiscal crisis is causing and the need to find alternatives to cutting services.
	www.ncna.org /index.cfm?fuseaction=Page.viewPage&pageId=206 (231 words)

	WKBW.com: Budget Crisis - Eire County Budget: History repeats itself (Site not responding. Last check: )
		Since the budget crisis began, Erie County Executive Joel Giambra faced allegations of hiring relatives, an $80,000 driver and many have called for his resignation.
		A crisis that brought sagging approval numbers to county executives once very popular with the public, with much higher aspirations.
		I think prior to this budget problem my chances on the state ticket was probably higher than it is today...
	www.wkbw.com /budget/default.aspx?preview=&type=BD&NStoryID=5193 (874 words)

	CRC Papers on Michigan's Budget Crisis
		Actions to balance the FY07 and FY08 budgets will be subject to the realities of cash constraints brought about by failure to resolve the underlying structural deficit.
		Discusses the prospects for state school aid, the largest category in the state budget, for the next 5 years and presents a scenario to finish the process of managing through the current budget problem.
		Since that time, actions were taken by the Governor and State Legislature to close the budget gaps for fiscal years 2000-01 and 2001-02.
	www.crcmich.org /PUBLICAT/budgetcrisis.html (794 words)

	SignOnSanDiego.com > News > Politics -- Democrats caught discussing extending budget crisis
		SACRAMENTO – Public debate on substantive budget issues came to a halt Tuesday as Democrats leaders scrambled to explain why a handful of their members were caught speaking frankly about using the budget crisis to their political advantage.
		Several members were heard speculating that a prolonged budget crisis might improve the chances for a ballot initiative that would make it easier for the Democrats to raise taxes by lowering the threshold for passage from two-thirds to 55 percent.
		"Since this is going to be a crisis, the crisis could be this year," Goldberg said, according to a transcript made by Republicans.
	www.signonsandiego.com /news/politics/20030722-1535-ca-statebudget.html (440 words)

	Budget Crisis :: San Diego City Schools
		Current figures place the state's 2002-03 budget deficit at more than $10 billion and the 2003-04 budget deficit is projected to be more than $21 billion.
		In anticipation of the budget situation and potential cuts, district staff last spring began work to streamline operations and reduce spending for this current school year.
		State budget deficits can and should be anticipated for the next several years.
	www.sandi.net /budget/120602eml.htm (316 words)

	The Florida Budget Crisis
		Even the budget crafted during the special session to eliminate the deficit contains nearly $1 billion in so-called “economic stimulus,” including $530 million to speed up road-building; $260 million for construction at schools, colleges and universities; $20 million for tourist marketing efforts; and $16 million for enhanced security.
		If the budgets produced by the legislature do not reflect the priorities of the citizens to whom they are responsible, the elected officials will pay the price at the voting booth.
		The Wallace amendment is a simple reform that would insulate Florida from the budget crisis that gripped the state at the end of 2001 and protect Florida taxpayers in the process.
	www.freedomworks.org /informed/issues_template.php?issue_id=677 (1805 words)

	ABC News: Official: U.N. Could Face Budget Crisis (Site not responding. Last check: )
		Warren Sach, the top U.N. budget official, rejected the notion of a complete U.N. shutdown but said it was possible that salaries might not be paid in full or on time and the U.N. might have to borrow from peacekeeping missions or freeze purchases to close a potential shortfall.
		The threat of a budget crisis arose last week when U.S. Ambassador John Bolton said the U.N. should consider adopting an interim budget, possibly for three months, while diplomats hammer out a contentious reform package.
		While Bolton has been careful not to tie the reforms directly to the budget, he argues that by deciding the budget now, many reforms that it wants would essentially be frozen.
	abcnews.go.com /US/wireStory?id=1357528&CMP=OTC-RSSFeeds031 (407 words)

	Citizine - California Budget Crisis (recall election)
		Primarily, however, creating a "budget crisis" by temporarily laying off state workers and cutting back state services would show the people that the "the system is broken" and that everyone must allow whatever tax increases the politicians see fit.
		Assemblymember Jackie Goldberg (D-Los Angeles) floated the idea of pushing for a "crisis" to be sooner so that the politicians' beloved tax and fee increases would take effect in a perfectly odd-numbered year like 2003, when they don't have to run for re-election and working people can't really talk back.
		With the "impasse" on the budget, some Dems are proposing lowering the minimum necessary agreement for passing the annual budget from a two-thirds majority to 55%.
	www.citizinemag.com /politics/politics-0308_budgetcrisis.htm (2203 words)

	Budget Crisis (Site not responding. Last check: )
		The IUE chapter of AAUP questions the seriousness of the budget crisis and the validity of non-re-appointment as a partial solution to it.
		If the latter is the case, then the non-re-appointments in April constitute a swift discovery of the crisis, and a swifter corrective measure at the expense of three faculty lines.
		Contingency planning documents from IUB and IUPUI both indicate a central role for the BAC in conditions of financial crisis, yet in the campus administrative deliberations this past spring, no advice was sought from this relevant body regarding non-re-appointments.
	www.iue.indiana.edu /aaup/stbud.html (2302 words)

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