Word: deficit
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Dates: during 2000-2009
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Going into the 2010 fiscal year, the MBTA originally faced a deficit of $186 million and warned there may be large fare hikes to both subway and bus services. The budget gap was closed after the MBTA made $26 million in cuts and the Mass. legislature appropriated $160 million in revenue from sales taxes to the MBTA...
...November, voters elected Dave Bing, the steel magnate and former NBA star, and five new city councilmembers. They face daunting challenges, starting with a budget deficit of at least $275 million and a nearly 30% unemployment rate. Detroit also needs to attract and retain a sizable middle class - of any hue - which is difficult given the sorry state of schools, public security and business. The situation is so dire, the state of Michigan may seize control of Detroit in the coming months. "With the kind of challenges the city is going to face," Cockrel says, "I can make a better...
Instead, with Saada in central focus, the Yemeni government is spending its dwindling funds at an alarming rate. Yemen's budget deficit is rising, and the conflict has become increasingly complex and far-reaching, with tribes that had not previously been involved joining the fight on each side...
...afford to lose. Tumbling first-class passenger numbers and a ballooning fuel bill left the airline with a $656 million pretax loss in the 12 months ending March 31. It lost plenty more in the first half of this year too. The airline's $6 billion pension deficit, meanwhile, is among the biggest...
Faculty of Arts and Sciences Dean Michael D. Smith delivered a notably optimistic financial outlook for FAS yesterday, though the University’s largest school faced a projected $110 million annual deficit as of Sept...