But in Oakland, California it's a huge budget gap that has to be closed.
But the council had to delay publishing budget papers amid a widening budget gap.
Runaway health care entitlement costs are the prime driver of our long term budget gap.
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He has urged the chancellor to take action more quickly to address the budget gap.
Over 75% of projected the long-term budget gap is caused by escalating interest costs on debt.
Most Americans thought this was a battle over how to close the budget gap through higher tax rates.
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In the end, closing the budget gap needs to come from spending cuts.
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And Hong Kong's budget, due on March 5th, is also expected to hike tobacco taxes to help close a big budget gap.
In other countries, especially those that relied heavily on real estate, home prices collapsed, and tax revenues declined, opening up the budget gap.
The Fed has committed to bond purchases that will pump an additional two trillion dollars into the economy to finance this growing budget gap.
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Mr House said the first priority in closing the budget gap would be to look at non-staff costs first, and then they would consider voluntary redundancy.
Meanwhile, schools, towns and services to the poor and elderly are seeing their share of state dollars slashed as politicians try to close the budget gap.
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India's budget gap stands at 5.2% of gross domestic product this fiscal year ending on March 31, slightly lower than the 5.3% projected earlier by the finance ministry.
The world's most powerful woman (see Forbes, Sept. 18) felt the increase was necessary to close a budget gap that she believes would have further undermined an already feeble economy.
Many in Mr de la Rua's Alliance, including Mr Alfonsin, argue that the budget gap should be closed by increasing taxes, such as those on privatised utilities and pension funds.
Until the market sees the US making headway in closing its budget gap, and until the US economy starts hiring again, commodities and equities tied to the emerging markets are going to gain.
The tax case against Cadbury comes as India's government, under pressure to bridge a budget gap, is seeking billions of dollars from multinational companies it says haven't properly valued transactions with their Indian subsidiaries.
While the district appealed the decision, Mr. Singleton and his staff retooled the curriculum and tried to erase the budget gap by closing one of the district's three schools and trimming budgets in all departments.
Shortly after he took office in 2010, Mr. Christie froze hundreds of millions of dollars in state funding to help close a midyear budget gap, then made sweeping cuts of up to 5% of districts' budgets in his 2010-11 budget, as federal stimulus funding ran out.
Mr. Vallas, working with a state-appointed school board made up of five members of the Connecticut business and education community, has already "significantly reduced a large budget gap, made significant leadership changes, reviewed all the schools and is laying out a new direction of reforms, " said Robert Trefry, the school board's current chairman.
Earlier this spring, Congress approved a stop-gap budget law that would, among other things, ease budget cuts for the departments of Agriculture, Commerce, Defense, Homeland Security, Justice, and Veterans Affairs.
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The sad truth is that there are not nearly enough "bridges to nowhere" in the budget to close the fiscal gap.
Their mission gained added urgency this month when President George W. Bush's Treasury Department, as part of its 2008 budget, offered 16 tax gap closing proposals.
As well as the drop in government funding, the council said there is a gap in the budget because of an extra demand on services due to the recession.
In return, he asked the Republicans to agree to a tax increase for the wealthier citizens of the state to make up the remainder of the funding required to close most of the gap in the budget.
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Fisher and I agree that the trade gap and the budget deficit are positives for stocks: the bigger the better. (Americans hold far too little debt, and anything that increases it is a plus.) He also celebrates the supply-side tax cuts, though he deems a negative for stocks the currently little noticed all-government budgetary surplus caused by the tax rate reductions.
The gallery has depended on millions of pounds of grant funding since it opened and the council has previously said it could not fill the funding gap out of its own budget.
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