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 ?
The nine cabinet members will see their pay go from PS26,200 to PS29,300.
That would see pay go up from PS29,934 to PS35,800.
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.
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 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.
In return they would see their basic pay go up to between pounds 308 and pounds 360 a week.
Dentists who work primarily for the NHS will be given financial rewards that could see their pay go up to almost pounds 60,000 a year.
Their clerks will see their daily pay go from $45 to $55.