in the upcoming fiscal year. benchmark one, historical met the benchmark. for two, ocean avenue c.b.d. raised approximately 19.1% in nonassessment revenue during the fiscal year and met the benchmark. for three, ocean avenue did meet the benchmark in fiscal year 2016 and 17, after two years in fiscal year 13-14 and 14-15 of not meeting this benchmark. recommendations were taken into account and this benchmark has been met since. ocean avenue did indicate its carry forward amount from fiscal year 16-17 and indicated how the money would be spent in the upcoming fiscal year, due to the way the city disperses money to c.b.d.s, about half of the operating budget carries forward into a future fiscal year. in conclusion, ocean avenue has implemented well in the service plan in the district, implemented all recommendations from the 15-16 annual report, successfully sponsored and implemented neighborhood events and programs including second sundays and the ocean avenue project. partnering with stakeholders and municipal a

the next stage is more fiscal stimulus.hat is happening in europe is a good example of what can happen. >> in terms of the story out of brexit, europe, the budget statement in the week ahead. coming off the back of all this noise around brexit. what does it mean for the future of the u.k.? the last budget before brexit. there are some numbers coming out of u.k. if you look at jobless rates. what is very important is to get more confidence of the businesses that have seen some weak manufacturing numbers. for once, there is some kind of a consensus. some fiscal stimulus coming into the u.k.. cake, take a look at it. going back to the currency story. i am trying to get a guesstimate from people where eurosterling goes. is very stable. maybe it is because the two might --ese own issues i will not take a big bet in either direction on the euro cake. >> the managing director at cio, and head of investment. investment drive, saying they have received an response.ng positive that is next. this is bloomberg. . ♪ manus: welcome back.

as i say, it doesn't exceed the number that we have been fiscal year 16. this put an extraordinary strain on the system and remove people from the refugee work to help handle the. i went down to the border a couple of months ago and talked to them down there. the circumstances in which theyy were challenging but as i said they remain professional and dedicated to their work. i hope and anticipate that the officer shouldn't have to be detailed at much longer to the asylum work in fiscal year 19 dot we shall see. at the same time we are hiring up in the division to ensure as i said that all the uscis staff work on the humanitarian work as described to handle what we are designed to do. in the affirmative asylum claims that his landing the first doubt into this means we have the 320,000 case backlog but we still have incoming cases that are flowing at a large rate and we want to stay on top of the incoming cases diverting resources to that now taking cases as they come in and at add adjudicating them as quickly as possible hoping the backlog doesn't increase

cis issued 91,000 noticed to appear in fiscal year 2017. we issued 58,800 in fiscal year of 2018. again, u.s. cis has always been issuing ntas by the ens of thousands, year after year, this is not a new authority but starting today, october 1st, u.s. cis will begin implementing the updated nta policy. new the new guidance, officers will issue an nta for a wider range of case where is the individual is removable and there is evidence of fraud, criminal activity or an applicant is denied an emigration benefit and is unlawfully present in the country. through the new policy u.s. cis is carrying out the president's executive order which establishes immigration policies for enhancing public safety and articulates the priority for removing individuals from the united states, promoting national security, and the integrity of the immigration system. again, this is not something new. what is new is that we are expandsing the categories of people who are going to be seving ntas to most principally, people who bly for benefit and have no underlying lawful status when that benefit is denied.

bodies like the institute for fiscal studies have warned that many, for fiscal studies have warned that any for fiscal studies have warned that many, many families could be up to £1800 a year worse off, and thejohn major warned that could be seen as unfair by voters and there could be a political backlash against the conservatives. in order to introduce something like universal credit, you need to look at those people who in the short term are going to lose and protect them, or you will run into the sort of problems that the conservative party ran into with the poll tax in the late 19805. so the principle has a great deal to commend it but it isn't workable if there aren't the resources to introduce it properly. and to find someone on a very low introduce it properly. and to find someone on a very low income suddenly losing £2400 a year is a substantial amount, and the argument that it substantial amount, and the argument thatitis substantial amount, and the argument that it is to encourage people to get into work isn't an argument that runs, to me. for younger viewers, let me tell you

with a risingd fiscal debt. from a fed policymaker's standpoint, is this a cause for we saw in terms of -- if a future drop in demand, how we would be able to respond? >> we try to stay in our lane and not take any fiscal policy and also fiscal policy is important and powerful. it is one of the factors we consider. fiscal policy is providing real support to demand and probably for the next couple years in terms of the possibility of supply. longer-term, we are not on a sustainable physical path. we have not been for many years and these last innovations and fiscal policy in the medium-term have reduced the amount of fiscal space we have to react. the united states has meaningful fiscal space. our situation is a long-term problem. there is room for fiscal policy to support demand. this is a good time to be working. this is the top of the cycle and onood time to be working putting our fiscal house in order. about thee questions terminal fed funds rate is in the range of 3.5% but the traditional response to a reces

year. >> how many people will be admitted in the next fiscal year? or we think will be natured asylum. one of the operation charngz inserting is the number of aliens seeking asylum in the united states. the united states led the world in a number of new asylum applications in 2019. since fiscal year 2009, they have approved -- >> born 2013 arriving aliens claimed incredible fear and saw asai flum the . in fiscal year 2017, nearly 99% remain in the united states today. the number of asylum cases pending adjudication by uscis has swelled by more than 850, 850%, since the end of fiscal year 2013. the tripling in the overall number of new affirmative filings during the same five-year period. lengthy background checks can lengthen our asylum system and fraud and abuse. they delay protection for individuals with valid asylum claims for years. since early 2017, uscis has been challenging them with surges at the u.s. southern border where migrants know they can and develop the highest level of professionalism when extraordinary circumstances on the border ha

been fiscally beatrice in that in the past so once they have to up lie those instrument fiscal and monetary policy they might find less and less policy space in other jurisdictions and in particular in europe then it has been a song to some phone involved against the dipali says that what i'm up to to find a crisis in particular their standard to measure is that what i know that which means that if more of those policies were to be adopted into. nations mine not be as innocent as they were going to cost mr rosen let me stop you for a second here because we need to take a very short break but i hope we will come back to this discussion and look into the implications of that potential economic crisis a bit more states. join me every thursday on the alex salmond show and i'll be speaking to guest of the world of politics or business i'm show business i'll see you then. welcome back to worlds apart with brindle of rosa founder and c.e.o. of rose and roubini associates mr rose. just before the break we were discussing this very gloomy scenario that you painted out and i heard you say that if. in

beginning with fiscal year '14 going through the end of fiscal year '18. for the first three fiscal years, criminal events and the transit system were at a static level. they rose in fiscal year '16 by 16%. but then dropped again by 9% by the end of fiscal year '18. assaults we've seen some progress since fiscal year '15. and over all reduction of 52% in assaults and from fy '17 to fy '18 a 20% reduction. robbery went down again by 23% from fy '17 to '18 with a cumulative reduction of 60% since fiscal year '14. theft, we are still experiencing a number of challenges in this area. we had some reduction from fy '14 to '17 but we've seen an increase of 9%. from fy '17 to fy '18. before i briefly touch upon our resources and the methodology we use to address these events in the transit system, i have shared some positive developments with you. i want to make it very clear that for us, the only truly acceptable number is zero. when it comes to criminal events and the transit system. we are the first to acknowledge the fact that we are facing some very serious c

first, what is a fiscal year? in california, local government runs on a fiscal year. unlike the calendar year, where the year begins on january 1, a fiscal year begins in the middle of the year, on july 1. property tax follows the fiscal year cycle. second, state law requires property be valued as of january 1 every year, in other words, new year's day. the value as of january 1 is used to calculate property taxes for the upcoming fiscal year. this means property value as of january 1, 2018 will be usedtor fiscal year 18 -- used for fiscal year 18-19 covering july 2018 through june 2019. similarly, the value of january 1, 2019 will be used for the fiscal year covering july 2019 through june 2020. now back to whether you should expect to receive one or two supplemental tax bills. the rule of thumb is that if the property transfers happens in the first half of the fiscal year, in other words between july and december, then you should expect only one supplemental tax fill. if the transfer happens in the second half of the fiscal year or between january and june, you shou

in fiscal year '19 our projection is about 1,300 and we're growing to about 1,400 in fiscal year '20 and then after that about 1,500 a year. so ramping up pilot production and then keeping it there at a steady state. so retention is part of it, production is part of it and overall we think the nation has an acute shortage of pilots and air crew and we need to find a way working with industry to make it possible for the next generation of young aviators to get to the cockpit. >> a few years ago i hosted another air force secretary who said that there would be no need for pilots in the future because it would all be drones. i guess that was wrong. anyway, so i get the sense that this is a big airplane crew here, aircraft, because i have about 50 airplane questions. so let's get started on that. how will the air force decide which aircraft will be needed for the new squadrons? what factors will be the most important? will it be cost? will it be pure rivals? >> first you don't need pilots because you will have drones. what you have in that case is a remotely piloted aircraft. you still h

been fiscally beatrice in that in the past so once they have to up lie those instruments fiscal and monetary policy they might find less and less policy space in other jurisdictions and in particular in europe there is be a song some foam on a vault against a deposit is there would i hope that the five decries is in particular their standard to measure is that what i know that which means that if more of those policies were to be adopted in the future hopefully sions mine will be as it has seeped into as they were going to pass that mr rose let me stop you for a second here because we need to take a very short break but i hope we will come back to this discussion and look into the implications of that potential economic crisis a bit more stately and. this is cruel. to the heat actually physically pulled it out of the ground you have well well well well well well well well well well well well well well. there's a lot of money with you. and with that comes. a lot of a lot of people from all over the country. you don't make a hundred thousand dollars a year. there's an issue. here in the. they

confesÓ al fiscal que tenÍa matar a 100 mujeres como meta y que hasta el momento llevaba 20.Ños el gobierno del estado de mÉxico emitiÓ la alerta de gÉnero, un mecanismo de emergencia para acabar con los feminicidio, pero segÚn los expertos, esto de poco ha servido. desde la ciudad de mÉxico, alberto garcÍa, univisiÓn. arantxa:la policÍa utilizÓ la fuerza contra 300 personas que se oponÍan a la marcha lgbt. se desarrollaron varias marchas para controlar el calentamiento global, de lo contrario habrÁ escasez de alimentos, de hielo del Ártico, aumento del nivel del mar y extinciÓn de especies, todo esto segÚn un alarmante reporte emitido por naciones unidas. fÉlix: lucÍa nos acompaÑa con lo mÁs destacado de la jornada. la selecciÓn de holanda vuelve a sonreÍr a costa de alemania que no levanta la cabeza. lucÍa: comenzamos con la informaciÓn deportiva y con amistoso internacional entre san josÉ y cruz azul. el partido se le complicÓ a la mÁquina, pero el partido le sirviÓ a pedro caixinha para evaluar el equipo. holanda goleÓ a para con elseis vencer al equipo teutÓn. ♪ juego do

with it have more fiscal ineptitude and fiscal turbulence, the same type of thing that could -- has cost the state for so many years. i will deal with the structural deficit head-on. i would deal with health care and do what i can to bring down the cost, especially when it comes to pharma. i will work with labor and look at the pension fund, find ways to do something on the asset side, so you know what our obligations look like and we can take care of that in a serious way. i'm going to deal with shared services and tough love with our mayors. talk about education. we are one of the few states that pays for more teachers outside the classroom than inside. i'm going to do everything i can to give you confidence that i'm going to bring down the high cost of government without raising the income tax, without raising sales tax, and get it done in the first year, to put it off with rainy day funds and differing contributions is more of the same that got us into this mess. >> quick question, and you want a quick answer, right? >> four minutes left. >> it's the gorilla in the room. the notion o

confesÓ al fiscal que tenÍa matar a 100 mujeres como meta y que hasta el momento llevaba 20.res aÑos el gobierno del estado de mÉxico emitiÓ la alerta de gÉnero, un mecanismo de emergencia para acabar con los feminicidio, pero segÚn los expertos, esto de poco ha servido. desde la ciudad de mÉxico, alberto garcÍa, univisiÓn. arantxa:la policÍa utilizÓ la fuerza contra 300 personas que se oponÍan a la marcha lgbt. se desarrollaron varias marchas para controlar el calentamiento global, de lo contrario habrÁ escasez de alimentos, de hielo del Ártico, aumento del nivel del mar y extinciÓn de especies, todo esto segÚn un alarmante reporte emitido por naciones unidas. fÉlix: lucÍa nos acompaÑa con lo mÁs destacado de la jornada. la selecciÓn de holanda vuelve a sonreÍr a costa de alemania que no levanta la cabeza. lucÍa: comenzamos con la informaciÓn deportiva y con amistoso internacional entre san josÉ y cruz azul. el partido se le complicÓ a la mÁquina, pero el partido le sirviÓ a pedro caixinha para evaluar el equipo. holanda goleÓ a para con elseis vencer al equipo teutÓn. ♪ jue

top table in the slide compares awards made this fiscal year against the previous four fiscal years. exclude the sea wall 60% went to lbe firms as opposed to 35. 50% of all payments made went to lbe firms that exceeds the mayors goal of 40%. this is another view comparing awarded dollars and contract to lbes by fiscal year. this exclude seawall design project. good news we are maintaining the positive trend we established last year. we are beholden to the type of work required to the pool of local firms available to perform that work. over the past few years by lowering mi minimum qualificatis we have awarded 50% of all project to local firms. it would be difficult to sustain the numbers as the contract size of projects increase or become larger like the sea wall project. we will about the strategies over the past few years to continue, one, to expand pool of local businesses, two, ca catalg lock firms. local hire construction projects over $1 million are subject to local hire requirements. since 201119 port projects have been subject to the program. all 19 met the local hire mandate

or near the pottom of fiscal health when it comes to

on the fiscal fronts they are likely to do more.he infrastructure we discussed will pick up a bit, but without bigger support of the local willnment, financing, it not pick up very fast, very quickly. another thing where looking for is on some of the revenue side of the fiscal sector, tax cuts, streamlining. i think that is something we are likely to see more in the next few months, that the government will focus on. that is something that can help , and support the economy short-term and long-term. yvonne: we have seen the national team -- it is more local governments. rishaad: the local national team. yvonne: the s&p saying local governments are ratcheting up $6 trillion in off-balance-sheet debt, posing titanic risks. are these local governments able to handle this buying of shares? where does that money come from? cui li: i think the local governments, if you look at their financials, they used to rely a lot on land sales. that is still a big source of financing. increasingly, they use more transparent channels to support their

i think having a fiscal responsibility triggers is important. i think also that there's been some good progress in conversations. myself, supervisor fewer, and supervisor peskin were just involved in some knockdown, drawn out, long negotiations as it pertained to project labor agreement. folks were in the room, and labor was in the room, and i think we came to an agreement what was a pretty good negotiated settlement. i would encourage all parties to take this week to work with the mayor, work with members of the board that have been leading this to continue this conversation. i don't think this conversation is done today. i think i will be supporting these amendments today, but i would like to see more details and more work put in over the coming week. i mean, we sat for 7.5 hours to close the deal on a project labor agreement with folks that are involved in that. that is a lot of time out of your day, but i think at the end of the day, end result was something very beneficial to the city. i know the folks that are leading this on behalf of the

in fiscal year 2018/'19, there was a reduction to $191.3 million. and in 2019/'20, reduction of $1.7 million, from $161.3 million to $159.6 million. so this shows the overview of the source and changes. all of the changes were in ongoing sources, on the sources side. so our operating revenues increased. this is work order recoveries. our calculation decreased in fiscal year 2018/'19 and $1.9 million in 2019/'20. it represents changes to our final adjustments. and our south beach harbor revenue increased by $100,000. while there were no net changes to our sources, there were some changes within the budget in the first fiscal year. so our request for general support, general fund support, was rediscussed by $1.5 million. and we requested $6.5 million for seawall funding and received $5 million. this reflects a new $250,000 work order recovery from the capital work order process from jefferson street, which there will be a presentation on after me. and this is reflected as an expense line in the budget. the budget reflects a $650,000 anticipated grant

up it's not really our job we don't have responsibility for fiscal policy but in the longer run fiscal policy will have a significant impact on the economy it's no secret it's been true for a long time that with our uniquely expensive health care delivery system and the aging of our population we've been on an unsustainable fiscal path for a long time so he's saying our economy the united states' economy is on an unsustainable how do to health care costs do you see this discussed and you would think that. the fact that the us is on an unsustainable path would warrant deep conversation on fox on m.s.m. b c on c.n.n. on the main news channels here that what do we do about this how do we stop this unsustainable path how do we stop these health for health care expenses what do we do but we don't see that conversation ever happening on the news here which is why you have well yeah i mean i think you're right this phrase unsustainable as an interesting phrase coming out of the central bank because their job is to cheerlead the economy and to always talk about the optimistic future and to nev

fiscal hawk?, the government doesn't have a majority to o doing anything controversial in parliament is tough, and the other reason, for it being difficult is notjust the uncertainty of brexit, but in that finest of political traditions his next door neighbour neighbour in number ten has nicked the best announcement. saying the nhs is going to get 20 billion extra a year and at the tory conference saying fuel duty would be frozen which is traditionally the chancellor's one of his mini bunnies he pulled out of the hat. 0 so did the prime minister steal his spending review? we won't see long—term decisions, 2a is what we need to bear in mind, next year will be a spending review, the jargon for being the day when the government proclaims the big shape of spending for years and years to come. the chancellor will today, as a lwa ys come. the chancellor will today, as always happens and we will see the numbers set out, this is the path, which he expects spending to follow, but in the words of one govern

in terms of the overview for fiscal '18 -- so again, fiscal year '18 ended on june 30. we have positive net results for all of our operations, which is a good thing. it means that we took in enough money in order to pay all the bills, so no drawdown of reserves were needed during our operations. i'll go through the details so the additional revenues that you see here for water and sewer, i'll provide a little more color on, and we came in a little short on the power revenues, but i'll provide more color on that in a moment. clean power came in a little bit over expectations, and we met all of our targets for policies and cover reserves for the year. in terms of details. first up is our water enterprise. we had sources or revenues greater than budget of about $48 million. before i go into this any further, i just want to remind the commission that we -- this budget for fiscal '18 was actually set two years ago. we're on a two-year budget cycle. so that was 2016. we had just come out of the drought at that time, so that's why you're seeing a large variance here in terms o

the fiscal stability commission starts out with the words this -- started out with the words, "fiscal stability and economic growth." first thing i have to do is reduce the cost of government, hold the line on taxes, and get us to an honestly balanced budget, then we can talk about cutting taxes from there. >> when you talk about reducing the cost of government, the me ask you -- be specific about what you're going to reduce, day one, month one. >> day one, i sit down and we find real reforms on health care. that's 25% of the budget. 25% of the budget. as i look at that, i look at both medicaid and the state employee plan. there are significant savings there. i already mentioned the fact that massachusetts and other states have brought down the cost of pharma dramatically by going out to bid. rhode islandm with and massachusetts, and go out and use our purchasing power to bring down those costs. here's one specific idea that could save us hundreds of millions of dollars. >> what will you do? >> i have a few minutes ago, it was -- we need to fill every open judicial spot we have, wheth

and currently, in federal fiscal year 16, 17, we helped hundred 55 people in role in the current fiscal year which ended a couple days ago, they are about 140 with more coming in as they complete their contracting, their file review and closures. with a small amount of money, we really see a massive impact with these dollars. with that, i'm happy to answer any questions. >> any questions from the commission? any questions from the public? hearing none, let's get a vote. >> so moved. >> second let's vote. all in favor say aye. >> aye. >> past -- past -- passed. >> we have come to the last item item e. requesting authorization to modify the existing grant agreement with community living campaigns for the provision of a community service program pilot during the period of july first 2018 through june 30th 2020 and an additional amount of 157 --dash $157,998 plus contingency for a total amount not to exceed $706,189. >> thank you and good morning. the modification i am presenting will enable community living campaigns to pilot three new community connector programs. two will be located in d

the fiscal stimulus that is also going on.e are very aware that tax cuts are all over the place in china, $1.1 trillion u.s., bigger than the corporate tax reform in the u.s. they also have infrastructure plans for local government that monetary policy can only ease finance. by the way, they also need to restructure the banks, i.e. the forx, which as you remember the one before last cutting requirements was one of the conditions for banks to use that liquidity. the pboc wants banks to lend, wants banks to clean their balance sheets so they can lead more. very important for china. all those issues that you talk of, largely structural, large-scale reform we are talking about, was going to be challenging even before we had the trade war. can they still do it well managing this gradual soft landing? >> they need to do it, because banks are still today the most effective mechanism for china to conduct policies. the fiscal policies in 2008 by bank lending to local governments. lendneed these banks to and they need to bring down requ

i think, look, fiscal consolidation is hard. fiscal consolidation is hard work anywhere.markets require a certain amount of at least good intention. and credible speech. i think both of those are compromised in this incident >> theresa may will be talking to her conservative party later today in -- later this morning british time i want to ask about the direction you foresee for the pound as a currency. not just based on her speech, but the way she set it out with brexit what do you anticipate the next five and a half months until the next brexit deadline >> i think markets and people focused on sterling should to some extent, not completely, but to some extent ignore what is going on in the speeches that's aimed at a domestic audience, a party audience so it's not the most relevant thing. keep the eye on the negotiation of the eu. on that issue our best case is there will be a deal and when there is a deal, when that is announced or clear enough to markets, there is likely to be a degree of relief and probably some degree of upside to sterling, 2%, 3% on a trade weighted

>>si hago eso bien, me aseguro este hijo no sÓlo puede ser fiscal general pero puede ayudar al puebloder estatal como fiscal general trabajando en problemas, desamparados y abusos de drogas. los hechos y remediar el problema. preocupado por un sistema criminal que no funciona, sin olvidar a la comunidad emigrante. >>ustedes son importantes, son partes en nuestro estado. comunÍquese con nosotros. hemos escuchado los problemas de los vecinos. >>una comunidad que javier becerra ha conocido durante parte de su vida y hoy espera seguir fortaleciÉndola >>como fiscal general, de obligaciÓn es proteger al pueblo. si hago este trabajo bien unpuedo responder mÁs seguro y mÁs poderoso- >>javier becerra se ubicÓ primero en las elecciones pasadas- gustavo ortiz. univisiÓn- >>este avance de la caravana de centroamericanos que se dirige a estados unidos el pentÁgono para despliegue de tropas. el periÓdico indicó que utilizarÍa militares para enfrentar la emergencia nacional la frontera una ley federal que data de 1800, les prohibiÓ las tropas involucrarse en las actividades de aplicaciÓn de la ley >