Word: billion
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1990
Sort By: most recent first
(reverse)
...Then recession hit, the shopping spree ended and sales- tax revenue was reduced to a trickle. For this fiscal year, Connecticut is looking at a $500 million shortfall, which is expected to triple in the next. That would amount to 20% of the state's projected $7.9 billion budget for fiscal 1991, proportionately the highest deficit acknowledged so far by any state. Governor-elect Lowell Weicker, who has asked all state agencies to propose budget cuts of up to 20%, is thinking of the unthinkable: an income...
...YORK was so flush in 1987 that it decided to cut state income taxes over four years. But when the economy began to shrink, Democratic Governor Mario Cuomo did not react fast enough. Facing a $1 billion deficit, the state legislature met in special session two weeks ago to adopt a package of cuts that nibbled at school spending and hospitals. When Cuomo took off for ^ Washington three days later to deliver a speech that warned about federal budget deficits, he may have hoped his troubles were over for a while. No such luck. On the same day Republican state...
Officials from many states complain that Washington is making their problems worse. Two weeks ago, lawmakers who assembled in the capital for the National Conference of State Legislatures claimed that the recent budget compromise between the White House and Congress would cost the states an additional $17 billion over five years. Reason: federal mandates in the deficit-reduction deal direct states to spend money for such things as clean air and improved nursing-home care. The group also predicted that the increase in federal taxes on gasoline and alcohol would make it harder for states to increase their own levies...
Sorry, No Cigar Doesn't anyone return Fidel Castro's phone calls these days? The aging dictator saw most of his communist soul mates get tossed onto the dustheap of history, and the cash-strapped Soviets may be close to ending their $5 billion annual subsidy. Castro's efforts to expand tourism won't make up the difference...
...government says the money was siphoned from the hefty military aid that Washington gives Israel ($1.8 billion this year), and officials fear the scandal will further strain relations with the U.S. Others have called for air force chief Major General Avihu Bin-Nun's resignation. For now, that seems unlikely, especially given the gulf crisis. In an apologetic letter to his staff last week, Bin-Nun wrote, "I trusted Rami Dotan in exactly the same way that I would trust the aircraft technician from whom I receive a plane before a flight...