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 ?
However, a regular nurse would expect to see their pay go up by around half of that.
State law further provides that if property tax revenues are insufficient to pay GO debt service, moneys are to be borrowed from the general fund and repaid from future property tax revenues to the extent other moneys are not available.
Under the terms of the agreement, Roche will pay GO upfront and near-term milestones of USD9 m.
But a rise in inflation meant the average worker saw their weekly pay go up just 0.5 per cent in real terms.
The nine cabinet members will see their pay go from PS26,200 to PS29,300.
"I'll tell you what this Government has done when it comes to the lowest paid NHS workers, because of our increases in the tax-free threshold they have seen their take home pay go up by [pounds sterling]1,000 a year."
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 $2.1 million, which included $900,000 in salary (itself up 11.2 percent), $655,000 in stock awards, $500,000 in a one-time bonus for engineering the bankruptcy exit and $38,286 in other compensation.
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.