Posts Tagged ‘ Gap ’

Greek bonds face a 5pc penalty when used as security at ECB

June 16, 2010
By Pay Cuts

Budget gap to 2.8 per cent of GDP in 2012. ? February 2010 Government extends public sector wage freeze to those on below ?2,000 a month. ? 5 March 2010 Package of public sector pay cuts and tax increases is passed to save an extra ?4.8bn

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School Committee begins work on closing $14M budget gap – 7:49 am

June 15, 2010
By Pay Cuts

million shortfall in the School Department's fiscal 2011 budget by voting to approve about $7 million in cuts. Based on current information about state aid, the department is projecting a fiscal 2011 budget of about $102.6 million, according to School

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Your comments: Rutgers freezes wages due to N.J. budget cuts

June 11, 2010
By Pay Cuts

, canceling raises for all employees, including many whose unions voluntarily accepted wage freezes last year in return for promised raises this year. The university says it is facing a $96 million budget gap due to a 15 percent cut in state aid

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Dallas County discusses employee pay cuts to help close budget gap – Dallas Morning News

June 8, 2010
By Pay Cuts


<img alt="" height="1" width="1" />Dallas County discusses employee pay cuts to help close budget gap
Dallas Morning News

Dallas County commissioners discussed for the first time today the likelihood of implementing pay cuts for all ...

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Santa Cruz faces $3.7M gap without concessions from police, service… – Santa Cruz Sentinel

June 6, 2010
By Pay Cuts


<img alt="" height="1" width="1" />Santa Cruz faces $3.7M gap without concessions from police, service...
Santa Cruz Sentinel
While police don't have to take a 5 percent pay cut through furloughs this year due to ongoing public safety concerns, officers won't get pay raises. ...Read more »

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Council adopts municipal budget

May 30, 2010
By Pay Cuts

$18,301,225. The finance committee was faced with a nearly $1.1 million budget gap that necessitated cuts to the budget. 'It was not an easy task this year to put the budget together,' said Council President John Bertollo. 'There was some pain with it

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How high inflation is hitting your finances

May 26, 2010
By Pay Cuts

Inflation has exposed the yawning gap between public and private sectors. While public sector workers enjoyed an average pay rise of 4% last year, many in the private sector saw their pay frozen or accepted cuts to keep them in a job. Overall, British

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Wilmington leaders to work on budget gap this week

May 23, 2010
By Pay Cuts

construction and maintenance costs are reduced. Also, another 18 positions are eliminated. While there are no furloughs or pay cuts for staff proposed, benefit cuts would remain in effect. The council is not expected to take any action at Monday's work

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Delaware state workers could get pay cut restored – WHYY

May 18, 2010
By Pay Cuts
Delaware state workers could get pay cut restored – WHYY


WDEL 1150AM

<img alt="" height="1" width="1" />Delaware state workers could get pay cut restored
WHYY
The pay cut was one of many measures that helped close the state's historic $800 million budget gap last year. But Monday,...
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Dallas to consider layoffs, service cuts to close $130 million budget gap

May 15, 2010
By Pay Cuts

needs to close a $130 million hole. City manager, Mary Suhm, wants the council to consider the following cuts to balance the budget: No new police hires, reduced police overtime, replacing fewer ambulances, cutting senior services, limits for library

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Dallas to consider layoffs, service cuts to close $130 million budget gap – WFAA

May 15, 2010
By Pay Cuts


<img alt="" height="1" width="1" />Dallas to consider layoffs, service cuts to close $130 million budget gap
WFAA

"We've taken a 5, 6 percent pay cut this last year. They are talking about making bigger salary cuts this year. It's not fair," said Ernesto Pena from...
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California’s painful budget revision

May 15, 2010
By Pay Cuts

billion budget gap for the 2010-11 fiscal year, Gov. Arnold Schwarzenegger announced a new round of brutal spending cuts on Friday. 'California no longer has low-hanging fruits,' Schwarzenegger said before his announcement. 'We don't have any

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Miami offers unions cuts up to 12%

May 12, 2010
By Pay Cuts

$95 million budget gap next fiscal year, the City of Miami is asking its union employees to take pay cuts up to 12% and suggesting a switch to a defined contribution pension plan, according to proposals still under negotiation. Meanwhile, the city now

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General Election: how to get ready for after 6 May

May 8, 2010
By Pay Cuts

Tory Party was heading for a general election win decisive enough to push through its programme of deep cuts and extensive privatisations. Labour then narrowed the gap in the polls. But that minor reversal in Labours fortunes had more to do with dismay

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Mohawk school officials present budget to public

May 6, 2010
By Pay Cuts

one is a resignation and another is moving to another position within the district, she said. The staffing cuts save the district a combined $436,000. The cuts are needed to offset the anticipated $465,109 gap elimination adjustment in state aid, which

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Closing the school budget gap

May 2, 2010
By Pay Cuts

Region. Through the month of May, Marci Natale will be investigating the issues of taxes, teacher and program cuts and class sizes and how they impact schools around the region. STATE-WIDE SCHOOL BUDGET NEWS: 3/16: School Salaries Scrutinized 3/8:

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Oakland Mayor Fails To Take Pay Cut

April 30, 2010
By Pay Cuts

OAKLAND, Calif. -- Records show Oakland Mayor Ron Dellums has not taken the 10 percent pay cut he promised last spring as a gesture to help the city fill its budget gap.The mayor's salary information -- obtained by the Oakland Tribune -- shows he

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Dellums Did Not Take Promised Pay Cut

April 30, 2010
By Pay Cuts

OAKLAND, Calif. -- Records show Oakland Mayor Ron Dellums has not taken the 10 percent pay cut he promised last spring as a gesture to help the city fill its budget gap. The mayor's salary information -- obtained by the Oakland Tribune -- shows he

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Oakland mayor did not take promised pay cut – KSWT-TV

April 30, 2010
By Pay Cuts


<img alt="" height="1" width="1" />Oakland mayor did not take promised pay cut
KSWT-TV

(AP) - Records show Oakland Mayor Ron Dellums has not taken the 10 percent pay cut he promised last spring as a gesture to help the city fill its budget gap ...Read more »

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City must cut $12.5 million or run out of money by September – Florida Times-Union

April 29, 2010
By Pay Cuts


<img alt="" height="1" width="1" />City must cut $12.5 million or run out of money by September
Florida Times-Union
The culprit: a 3 percent pay cut the City Council built into the budget that hasn't been realized at the union bargaining table. The council set...
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Clovis Unified to consider pay cuts, furloughs

April 28, 2010
By Pay Cuts

Clovis Unified School District trustees will consider a pay cut proposal tonight as they continue to grapple with closing the district?s $28 million budget gap. Under the proposal, all employees will face 2% salary cuts this year and

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Longview budget facing major shortfalls

April 27, 2010
By Pay Cuts

up with a way to save money and close the budget gap. Instead of resorting to layoff and pay cuts, the city manager asked each department to make cuts to help save the city money in its General Fund. It's a move that could save $1.8 million

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The bridge spanning the Delaware River connects New

April 25, 2010
By Pay Cuts

alone.' So he closed the $2.2 billion gap by accepting 375 of 378 suggested spending freezes and cuts. In two weeks. By executive actions. In eight weeks he cut $13 billion -- $232 million a day, $9 million an hour. Now comes the hard part. Government

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George F. Will / Thunder in Trenton: New Jersey’s new governor takes on the public employee unions (04/23/2010)

April 25, 2010
By Pay Cuts

alone.' So he closed the $2.2 billion gap by accepting 375 of 378 suggested spending freezes and cuts. In two weeks. By executive actions. In eight weeks he cut $13 billion -- $232 million a day, $9 million an hour. Now comes the hard part. Government

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The thunder roars in Trenton

April 24, 2010
By Pay Cuts

alone. So he closed the $2.2 billion gap by accepting 375 of 378 suggested spending freezes and cuts. In two weeks. By executive actions. In eight weeks he cut $13 billion $232 million a day, $9 million an hour. Now comes the hard part. Government

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Further pay cuts looming for East Providence teachers

April 24, 2010
By Pay Cuts

EAST PROVIDENCE On the heels of major unilateral cuts in teacher pay and benefits last year, the School Committee intends to reduce teachers salaries by another 3 percent to help close an anticipated $2.5-million budget gap for the

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The Stamford Advocate, Conn., Angela Carella column

April 23, 2010
By Pay Cuts

New Jersey teachers are among the highest paid in the nation. Christie wants teachers to accept a one-year wage freeze and begin contributing to their health plans. The union wants him to raise taxes to fill the budget gap. His reply: 'I'm not signing a

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COLUMNIST GEORGE WILL: Thunder out of Trenton, N.J.

April 23, 2010
By Pay Cuts

alone.' So he closed the $2.2 billion gap by accepting 375 of 378 suggested spending freezes and cuts. In two weeks. By executive actions. In eight weeks he cut $13 billion â?? $232 million a day, $9 million an hour. Now comes the hard part.

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Will: Finally, a governor willing to cut spending

April 22, 2010
By Pay Cuts

alone.' So he closed the $2.2 billion gap by accepting 375 of 378 suggested spending freezes and cuts. In two weeks. By executive actions. In eight weeks he cut $13 billion - $232 million a day, $9 million an hour. Now comes the hard part. Government

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SIDEBAR: Greek example unpopular in other indebted nations

April 20, 2010
By Pay Cuts

tell which, if any, work.Greece has been the nightmare scenario for all of the countries, having to pay onerous interest rates on its bonds to investors who are not convinced Greece won't default as it struggles to close a 12.7 per cent budget gap.It has

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School Cuts All Sports To Close Budget Gap

April 14, 2010
By Pay Cuts

has voted to eliminate all high school sports to help close a $1.8 million budget gap. The cuts also include the elimination of all after-school music, drama, and club activities and the layoffs of seven teaching positions and one guidance counselor at

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Keizer considers layoffs, other cuts

April 14, 2010
By Pay Cuts

to close budget gap Type Size A A A The Keizer Budget Committee at a meeting Monday discussed cuts such as layoffs to close a $250,000 general-fund gap. City manager Chris Eppley and finance director Susan Gahlsdorf presented a proposed 2010-11

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San Joseirefighters blast proposed cuts

April 9, 2010
By Pay Cuts

San Jose firefighters Friday blasted proposed cuts to the department that would help close a record $116.2 million hole in the city's operating budget. The city manager's preliminary proposal for bridging the budget gap

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No municipal tax hike in Harding

April 9, 2010
By Pay Cuts

budget. To close the escape_start036;500,000 gap, Egea said revenues were enhanced by escape_start036;101,000 and cuts were made equaling about escape_start036;419,000. The biggest ?cut,? she said, involved the deferment of hiring a new police

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Gap CEO receives compensation worth $5M in 2009 – The Associated Press

April 6, 2010
By Pay Cuts
Gap CEO receives compensation worth $5M in 2009 – The Associated Press


Daily Caller

<img alt="" height="1" width="1" />Gap CEO receives compensation worth $5M in 2009
The Associated Press
Glenn Murphy, 48, took a temporary 15 percent paycut in his base salary during the year ? from $1.5 million...
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Missile cuts alarm heartland

April 4, 2010
By Pay Cuts

that maintain nuclear missiles adorns the wall of the Judith Gap Mercantile in Judith Gap, Mont. Proposed missile cuts would hurt the town. JUDITH GAP, Mont. In America

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Future Changes for Corning Painted Post School District

April 2, 2010
By Pay Cuts

spending by three million dollars to help offset a big decrease in New York state aid and contractual salary increases. The district faces an 8.5 million dollar budget gap. Ginalski said if the board gives the okay to these cuts, it would save taxpayers

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$6M hole equals 10 percent tax hike in Randolph Township

April 1, 2010
By Pay Cuts

the Thursday, March 18 Board of Education meeting proposed a 10.22 percent tax levy increase and district-wide wage freeze as the least painful ways close that gap. The measures are in addition to the job cuts already proposed. And, more actions could be

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NJ Transit says fare hike won’t be as steep

March 28, 2010
By Pay Cuts

effect May 1. The transit agency held hearings in Newark, Paterson, Trenton and Manalapan, where officials said layoffs, salary freezes and spending cuts wouldn't keep fare increase and service cuts off the table. "The budget gap can't be closed by

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Mobile County Facing $5 Million Budget Shortfall

March 27, 2010
By Pay Cuts

county suffers, says Mobile County Commissioner Steve Nodine. Nodine is responding to Mayor Sam Jones' recent announcement of salary cuts and a hiring freeze to fill Mobile's $15 million dollar budget gap. Nodine says it's likely that Mobile County will

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