Shortfall

Sun Publications Publisher Steve Rose has finally said what someone needed to be brave enough to say.In a column that appeared yesterday, Rose said (correctly, as far as we're concerned) that the current fiscal year's budget shortfall is going to be manageable- the legislature and the governor are going to be able to make the necessary cuts to keep us from ending the year in a deficit without trem

The Issue: The Legislative leadership of the California government announced that plans are underway for a special session of the California Legislature to consider the revenue shortfall that has been projected for the 2008-2009 California budget.  The budget gap, previously projected at $3 billion is now expected to be closer to $10 billion, the legislative [...]

Hoping to generate cash for the state budget shortfall by generating celebrity autograph collector's interest because all the liquidity the state usually barrows from Wall Street to get by until the tax revenues come in June has all dried up, California Governor, Arnold Schwarzenegger, agreed to personally autograph a special collector's edition of holographic state bonds.It is hoped that by marke

My question is related to mortgages - I bought a house two years ago so we don`t have too much equity in it - my question is in the case of a shortfall how does the bank determine at which price they put the house on the market ? For example if the house worth [...]

Hi, I have a question regarding a mortgage shortfall - how is determined the price of the house on the bank behalf ? I mean how does a bank calculates at what price will put the house on the market ? Posted from: Quebec

Hi, I`ve put a question last week regarding a mortgage that is not only on my name so I can`t sale it by myself.You answered me that the easiest solution would be to force a shortfall on the mortgage since I can`t find the other person to obtain her consent to sale.My question is how about [...]

It is a great time to be a player in the buy-to-let market, what with the shortage of new housing and the increase in the population of the UK breaking the 70 million barrier by 2031, it would seem there is no end to the shortage of demand.

could you please tell me what happens in a case where the home will sell for less than what is owing on it ( what happens to the outstanding balance after sale. The financing is a private lender.

 This recent New Hampshire Union Leader article points out that the projected $50 million shortfall fo this fiscal year alone was wildly optimistic. So was the projected $150 million dollar shortfall over the two years of the budget. From a new report by  Charlie Arlinghaus, president of the Josiah Bartlett Center for Public Policy, we [...]

We've heard talk for months now about just how bad the budget looks for Florida and, by extension, its school districts. Many district leaders threatened that the pending cuts could be ugly, but they were short on specifics. Several said...

Loudoun County officials are projecting a 2009 budget shortfall of $251M (full story here).  The current budget was approved by supervisors last April, at which time they were counting on over 70 percent of tax revenue coming from real estate. With real estate property values and overall activity having decreased, the smaller amount of collected taxes and ensuing budget shortfall should come as no surprise. So what will Loudoun County do? In a "conversation" with supervisors, County Budget Manager Ari Skysaid that a tax rate of around $1.24 per $100 of assessed value would be needed to eliminate such a shortfall (the current tax rate is 96 cents). Whether it was just "light conversation" or more of a strong suggestion on how to fix the budget short-fall, who knows. But I'm sure we'll all find out soon.

 Cross-posted at Grizzly Groundswell This article from the New Hampshire Union Leader paints a grim picture of the budget that our liberal tax and spend Governor John Lynch passed earlier this year. The budget, which included a 17.5% increase in spending from the last budget, and also included raising many different taxes and fees, was based on income projections from the aforementioned increased tax revenues. The problem with raising taxes is that there comes a point when the taxes are raised so high that people either stop buying the product that is taxed, or they go elsewhere to buy it. That is what is happening now, revenue is down because people have, hopefully, had enough. This shortfall, however, needs to be made up somewhere, and that will mean raising other taxes further, because we know liberal Governor John Lynch will not cut spending. It’s only three months into the new state budget and already legislative Democrats’ wishful thinking has caught up with them. Re

To me it's a 'chicken and egg thing.' The second biggest reason mentioned is the slow job market. I could be wrong, but in most cases I think you need a job in order to buy a house. The Columbus Dispatch did an article on Budget Dir. Sabety's remarks.We kvetch about the brain drain and a good program was established to establish a State scholarship fund for students entering science, technology, engineering or mathematics (STEM). It was scheduled to start receiving monies ($50 mil) this coming school year and now that might not happen. Again I think about how serious this is. We are $167 million short in our state budget; we need jobs to counter the problem; we need students to excel in fields of study like the STEM areas and the budget shortfall might keep us from beginning this program that encourages our grads to stay here. It might just be Catch 22 and not the chicken and the egg dilemma. Does all of this make you a bit subdued? I find myself reacting that way. Go to the Kent S

A story from the Chigaco Sun Times reports that a serious shortfall of doctors in almost every State across the US is developing. Read story It is estimated that by 2020, the US will need 39 percent more family doctors to meet the needs of a growing and aging population. The need for better technology is going to be critical, especially if this shortfall is not addressed in time. With some of the telehealth solutions out on the market, let’s hope health providers continue to support and develop solutions. To see some of the neat solutions already out there, visit our Health technology section. Related links Interactive Health - Health technology section tags technorati : doctors US telehealth ehealth

With the auto industry in the midst of wrenching change, the most valuable resource is brainpower. A Bureau of Labor Statistics study says that the U.S. could face a shortfall of 160k engineers by 2016, but JCI-Saft CEO Mary Ann Wright thinks the situation could become even worse than that. Arguing that [...]