Budgets (51 - 60 of 63 items)
New York City's Fiscal Problems: A Long Road Still Lies Ahead
GGD-80-5: Published: Oct 31, 1979. Publicly Released: Oct 31, 1979.
Like many major, older industrial cities, New York City seems to require ever-growing infusions of Federal and State aid in order to avoid chronic, and ultimately fatal, budget deficits. The City made some specific programmatic cuts early in 1976. Since then, it has been relying essentially on a strategy of containing costs and using Federal and State aid to close its budget gaps. The City's curre...
Deferral Proposals in the Third Special Presidential Message for Fiscal Year 1978
OGC-78-5: Published: Nov 30, 1977. Publicly Released: Nov 30, 1977.
The President's third special message for fiscal year 1978 transmitted to the Congress pursuant to the Impoundment Control Act of 1974 included four new deferral proposals totaling $908.6 million in budget authority affecting the Departments of Defense and Energy, the National Science Foundation, and the Emergency Refugee and Migration Assistance Fund. The message also included revisions to five p...
Analysis of Operating Expenses in New York City's Fiscal Year 1978 Capital Budget
GGD-78-13: Published: Nov 15, 1977. Publicly Released: Nov 15, 1977.
The operating expenses contained in New York City's fiscal year 1978 capital budget are understated but only by a relatively small amount. This amount was determined using a strict interpretation of the criteria, which are more strict than many municipalities might currently be following. However, in view of the current fiscal problems of the city and its need to restore investor confidence, it is...
Revolving Funds: Full Disclosure Needed for Better Congressional Control
PAD-77-25: Published: Aug 30, 1977. Publicly Released: Aug 30, 1977.
Because of the way some revolving funds are currently included in the Federal budget, the total amount of Government activities is understated--for example, by an estimated $28 billion in fiscal year 1978. The Federal budget should disclose the magnitude of Federal activity in such a way as to provide a basis for estimating the impact of Government activity on the economy as a whole.The U.S. budge...
Summary of a Report--Revolving Funds: Full Disclosure Needed for Better Congressional Control
PAD-77-25(a): Published: Aug 30, 1977. Publicly Released: Aug 30, 1977.
Because of the way some revolving funds are currently included in the Federal budget, the total amount of Government activities is understated; for example, by an estimated $28 billion in fiscal year (FY) 1978.In order for Congress to decide on budget totals and make priority allocations, it must have complete information on the total levels of Federal activities. Periodic congressional review is...
Report of Rescission and Deferrals of Budget Authority
OGC-77-25: Published: Aug 2, 1977. Publicly Released: Aug 2, 1977.
One rescission and three deferrals of U.S. Department of Agriculture (USDA), Forest Service, budget authority should have been, but were not, reported to the Congress by the President pursuant to the Impoundment Control Act.Despite the fact the USDA documents appear to indicate that all of the funds appropriated to the Forest Service under Public Law 95-26 were made available for obligation and ex...
Mission Budgeting: Discussion and Illustration of the Concept in Research and Development Programs
PSAD-77-124: Published: Jul 27, 1977. Publicly Released: Jul 27, 1977.
The mission budget concept offers significant potential for alleviating problems with the way the federal budget is currently presented and the limitations it imposes on congressional review. The common complaint with the present system is that Congress gets a great mass of detail but not a coherent picture of what the money is for and why it is needed. A mission budget structure links an agency's...
President's 13th Special Message for Fiscal Year 1977
OGC-77-22: Published: Jul 22, 1977. Publicly Released: Jul 22, 1977.
The President's 13th special message for fiscal year 1977, which was transmitted to the Congress pursuant to the Impoundment Control Act of 1974, included a rescission proposal of $850,000 for the National Transportation Safety Board; three deferrals proposed for the Departments of State, Treasury, and Transportation; and revisions to previously transmitted deferrals.Based on the current congressi...
New York City's Financial Situation
GGD-77-61: Published: Jun 13, 1977. Publicly Released: Jun 13, 1977.
The proposed $1.3 billion increase in New York City's 1978 budget level runs counter to planned reductions in spending.The major increase in expenditures (about $1 billion) was made possible by increases in Federal and State aid. This change was not fully analyzed because: the city estimates in the 1978 plan were not as detailed as those in its executive budget; changes were made in the accounting...
The New York City Seasonal Financing Act of 1975, Public Law 94-143
102196: May 16, 1977
GAO has been monitoring New York City's financial situation since January 1976, and has issued reports summarizing its views. The city made efforts to design a new accounting system as required by the credit agreement with the federal government. However, requirements for implementation of the system by July 1, 1977, and for producing adequate financial statements for auditing will not be met. An...