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.

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Key terms of the agreements, which are embedded in GLWA's financial projections, include a $50 million annual lease payment to the city, although such moneys may only be used at the city's option to fund pay-go capital improvements related to Detroit's local water and sewer systems or DWSD-related debt service associated with the local systems and/or GLWA regional systems.

Fitch Rates Great Lakes Water Authority, MI's Water and Sewer Revs 'A' Senior/'A-'Subordinate

Azuri Technologies, a leading provider of pay-go solar products and services across sub-Saharan Africa, has launched Sh2 billion ($20 million) off-balance-sheet debt financing program to provide working capital for the expansion of off-grid energy and service provision in East Africa.

Solar firm to expand services after Sh2 billion funding deal

Before final passage, the House will need to find a way to pay for the overall legislation in order to comply with House "pay-go" rules.

House Education and Labor Committee approves inclusion of frozen fruit in snack program

Early in this Congress, members agreed to adopt so-called Pay-Go budget provisions that require any new spending to be offset, either with cuts in spending for other programs, or by new tax revenue.

Legislation to extend federal tax credits causing fiscal, political problems

Furthermore, the House's defense bill is likely to include a so-called "pay-go" provision.

Inaction could leave estate tax in limbo

It does, however, require that legislative language make pay-as-you-go (pay-go) rules statutory for the House of Representatives unless the revenue losses are offset.

Budget plan pushes health care; call for estate tax relief, extended tax breaks

5, the House adopted new rules reinstating the "pay-as-you-go" (pay-go) budget rule, which requires any increase in mandatory spending or tax cuts to have revenue offsets.

Democrat-led Congress introduces Housing Bills

The so-called "pay-go" rule requires members to include in proposals for new spending or programs offsetting revenue sources or spending cuts.

Where's the money? Done properly, `pay-go' could be boon for taxpayers

Pay-as-you-go budgeting - "pay-go" for short - is a common-sense strategy that says proposals to increase spending or reduce revenue must be offset by corresponding spending cuts or tax increases elsewhere in the budget.

Just say 'charge it'

It will be financed from low-interest subordinate debt, revenue bonds, and pay-go sources.