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Rainy Day Fund
A rainy day or rainy day fund is a reserved amount of money to be used in times when regular income is disrupted or decreased in order for typical operations to continue. In the United States, the term is usually used to apply to the funds maintained by most U.S. states to help deal with budget shortfalls in years where revenues do not match expenditures. This is critical to the operations of most states, which do not permit their governments to take on debt, meaning that services would have to be cut in the absence of reserve funds. New York State Comptroller Thomas DiNapoli recommended in March 2010 that the state require that one half of surpluses be deposited into the rainy day fund."DiNapoli wants to alter budget process" ''Business First of Buffalo'' and ''The Albany Business Review' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brookings Institution
The Brookings Institution, often stylized as simply Brookings, is an American research group founded in 1916. Located on Think Tank Row in Washington, D.C., the organization conducts research and education in the social sciences, primarily in economics (and tax policy), metropolitan policy, governance, foreign policy, global economy, and economic development. Its stated mission is to "provide innovative and practical recommendations that advance three broad goals: strengthen American democracy; foster the economic and social welfare, security and opportunity of all Americans; and secure a more open, safe, prosperous, and cooperative international system." Brookings has five research programs at its Washington campus: Economic Studies, Foreign Policy, Governance Studies, Global Economy and Development, and Metropolitan Policy. It also established and operated three international centers in Doha, Qatar (Brookings Doha Center); Beijing, China (Brookings-Tsinghua Center for Public P ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York State Comptroller
The New York State Comptroller is an elected constitutional officer of the U.S. state of New York and head of the New York state government's Department of Audit and Control. The New York State Comptroller is the highest-paid state auditor or treasurer in the country. Sixty-one individuals have held the office of State Comptroller since statehood. The incumbent is Thomas DiNapoli, a Democrat. Powers and duties The State Comptroller is in effect New York's chief fiscal officer. Article V, Section 1, of the New York Constitution requires the State Comptroller "to audit all vouchers before payment and all official accounts", "to audit the accrual and collection of all revenues and receipts", and "to prescribe such methods of accounting as are necessary for the performance of the foregoing duties". Furthermore, the State Constitution vests the safekeeping and protection of all state funds in the State Comptroller, stating: " e payment of any money of the state, or of any money und ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thomas DiNapoli
Thomas Peter DiNapoli II (born February 10, 1954) is an American politician serving as the 54th and current New York State Comptroller since 2007. A member of the Democratic Party, he was previously the New York State Assemblyman for the 16th district, first elected in 1986. DiNapoli was elected by the New York State Legislature as New York State Comptroller on February 7, 2007; he was formerly the Chairman of the Assembly Environmental Conservation Committee. He is a resident of the village of Thomaston, Nassau County, New York (on Long Island). In November 2014, he won reelection, leading the statewide ticket with the most votes. He was easily reelected to a fourth term in November 2018, receiving 64.9% of the vote. Early life and education DiNapoli was born to Nicholas Peter DiNapoli and Adeline (Abbondandelo) DiNapoli, named after his paternal grandfather Thomas Peter DiNapoli. DiNapoli, raised in Albertson, has been active in politics since he was a teenager, when he ran fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Massachusetts
Massachusetts (Massachusett language, Massachusett: ''Muhsachuweesut [Massachusett writing systems, məhswatʃəwiːsət],'' English: , ), officially the Commonwealth of Massachusetts, is the most populous U.S. state, state in the New England region of the Northeastern United States. It borders on the Atlantic Ocean and Gulf of Maine to the east, Connecticut and Rhode Island to the south, New Hampshire and Vermont to the north, and New York (state), New York to the west. The state's capital and List of municipalities in Massachusetts, most populous city, as well as its cultural and financial center, is Boston. Massachusetts is also home to the urban area, urban core of Greater Boston, the largest metropolitan area in New England and a region profoundly influential upon American History of the United States, history, academia, and the Economy of the United States, research economy. Originally dependent on agriculture, fishing, and trade. Massachusetts was transformed into a manuf ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Governor Of Massachusetts
The governor of the Commonwealth of Massachusetts is the chief executive officer of the government of Massachusetts. The governor is the head of the state cabinet and the commander-in-chief of the commonwealth's military forces. Massachusetts has a republican system of government that is akin to a presidential system. The governor acts as the head of government while having a distinct role from that of the legislative branch. The governor has far-reaching political obligations, including ceremonial and political duties. The governor also signs bills into law and has veto power. The governor is a member of the Massachusetts Governor's Council, a popularly elected council with eight members who provide advice and consent on certain legal matters and appointments. Beginning with the Massachusetts Bay Company in 1629, the role of the governor has changed throughout its history in terms of powers and selection. The modern form of the position was created in the 1780 Constitution o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Massachusetts General Court
The Massachusetts General Court (formally styled the General Court of Massachusetts) is the state legislature of the Commonwealth of Massachusetts. The name "General Court" is a hold-over from the earliest days of the Massachusetts Bay Colony, when the colonial assembly, in addition to making laws, sat as a judicial court of appeals. Before the adoption of the state constitution in 1780, it was called the ''Great and General Court'', but the official title was shortened by John Adams, author of the state constitution. It is a bicameral body. The upper house is the Massachusetts Senate which is composed of 40 members. The lower body, the Massachusetts House of Representatives, has 160 members. (Until 1978, it had 240 members.) It meets in the Massachusetts State House on Beacon Hill in Boston. The current President of the Senate is Karen Spilka, and the Speaker of the House is Ronald Mariano. Since 1959, Democrats have controlled both houses of the Massachusetts General Court ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
WCVB-TV
WCVB-TV (channel 5) is a television station in Boston, Massachusetts, United States, affiliated with ABC and owned by Hearst Television. The station's studios are located on TV Place (off Gould Street near the I-95/ MA 128/Highland Avenue interchange) in Needham, Massachusetts, and its transmitter is located on Cedar Street, also in Needham, on a tower shared with several other television and radio stations. Nearby Manchester, New Hampshire, is considered part of the Boston media market, making WCVB-TV part of a nominal duopoly with WMUR-TV (channel 9), that city's ABC affiliate; however, the two stations maintain separate operations. WCVB is also one of six Boston television stations that are carried by satellite provider Bell Satellite TV and fiber optic television provider Bell Fibe TV in Canada. Since 2010, midday and weekend late newscasts, along with ''World News Now'', are overlaid with Canadian paid programming on those providers; however, the latter has carried the n ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Boston Globe
''The Boston Globe'' is an American daily newspaper founded and based in Boston, Massachusetts. The newspaper has won a total of 27 Pulitzer Prizes, and has a total circulation of close to 300,000 print and digital subscribers. ''The Boston Globe'' is the oldest and largest daily newspaper in Boston. Founded in 1872, the paper was mainly controlled by Irish Catholic interests before being sold to Charles H. Taylor and his family. After being privately held until 1973, it was sold to ''The New York Times'' in 1993 for $1.1billion, making it one of the most expensive print purchases in U.S. history. The newspaper was purchased in 2013 by Boston Red Sox and Liverpool owner John W. Henry for $70million from The New York Times Company, having lost over 90% of its value in 20 years. The newspaper has been noted as "one of the nation's most prestigious papers." In 1967, ''The Boston Globe'' became the first major paper in the U.S. to come out against the Vietnam War. The paper's 2002 c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Contingency Fund
A contingencies fund or contingency fund is a fund for emergencies or unexpected outflows, mainly economic crises. European Union The European Union created a vast contingency fund in 2010 to counteract the Great Recession. India The Constitution of India authorized the parliament to establish a contingency fund of India. The Contingency Fund of India is established under Article 267(1) of the Indian Constitution. It is in the nature of an imprest (money maintained for a specific purpose). Accordingly, Parliament enacted the contingency fund of India Act 1950. The fund is held by the Finance Secretary (Department of Economic Affairs) on behalf of the President of India and it can be operated by executive action. The Contingency Fund of India exists for disasters and related unforeseen expenditures. In 2005, it was raised from Rs. 50 crore to Rs 500 crore. In 2021, it was proposed to raise the fund to Rs 30,000 crore. Approval of the Parliament of India for such expenditure a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Emergency Fund
An emergency fund, also known as contingency fund, is a personal budget set aside as a financial safety net for future mishaps or unexpected expenses. A critical part of financial planning, it is supposed to ensure one's personal finances are prepared for any emergency so that the risks of becoming dependent on credit, falling into debt, or running out of money in general are reduced if such a situation were to occur. Emergency funds may be used in the case of job loss, medical emergencies, automobile problems, home appliance repairs/replacements and unplanned travel expenses. Saving The recommended amount of money to be allocated into an emergency fund depends on one's personal financial or economic situation. Generally, an adequate fund tends to cover six months' worth of expenses or more. In early adulthood, it is generally accepted one should save $500. An emergency fund includes all the basic expenses like house rent, grocery expenses, electricity bills, phone bills, etc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
