Paygo

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Paygo

In the United States, the practice of the federal government not to authorize increased spending or tax cuts without offsetting it by decreasing spending or raising taxes in some other place. That is, under paygo, all legislation and spending must be revenue neutral. The intent behind paygo is to encourage responsible spending by the federal government. It was in place between 1990 and 2002, and in 2007 and 2008 and was again implemented in 2010. See also: Statutory Pay-As-You-Go Act of 2010.
References in periodicals archive ?
FATCAT bankers saw their pay go up 35% between 2011 and last year - when they also scooped bonuses worth 3.
20 annual meeting, Lee reported last week that Mary Junck, the company's chairman and chief executive, saw her fiscal year 2012 pay go up 82 percent, to $2.
Opponents of the UK Government say should regional pay go ahead, then Wales stands to lose out significantly.
Summary: London Underground drivers could see their pay go over the Au50,000 a year mark, under a four-year wage deal.
Bruce Undy, Warwickshire and Coventry chairman of the FSB, said: "Many businesses think that the rates they pay go straight to their local authority when in fact they go into a central pot and are then redistributed.
Mr Straw was submitting the Government's response to the Senior Salaries Review Body's three-yearly review of the parliamentary pay and pensions, which also recommended breaking the link which has seen MPs' pay go up in line with those of senior civil servants.
The rest of our colleagues will see their pay go up to 5.
In return, they would have seen their basic pay go up to between pounds 308 and pounds 360 a week.
In addition, the district has covenanted to pay GO bond debt service should the ad valorem taxes collected be insufficient.
Last week news that a Teesside health chief would see his annual pay go up from pounds 20,000 to pounds 50,000 for a three-day week, a 150% rise, sparked widespread anger.
Their clerks will see their daily pay go from $45 to $55.
Capital projects have been financed with available fund balance on a pay go basis.