Fiscal distress definition

Fiscal distress means a fiscal condition based on a
Sample 1Sample 2Sample 3
Fiscal distress means a situation whereby the provision and sustainability of public services, or the
Sample 1Sample 2Sample 3
Fiscal distress means a jurisdiction other than a State that satisfies 1 of the distress criteria set forth in paragraph (3); and
Sample 1Sample 2

Examples of Fiscal distress in a sentence

  • Fiscal distress is determined by finding that a local educational agency (LEA) has more than one of the Indicators of Risk or Potential Insolvency as determined by FCMAT.

  • The technical cooperation segment continues to be the main funding source of UN-Habitat, followed by foundation special purpose.

  • Fiscal distress included the following criteria: full valuation per capita less than 50 percent of the statewide average; less than 40 percent real property tax capacity; population loss greater than 10 percent since 1970; and a poverty rate greater than 150 percent of the statewide average.The Budget contains measures intended to help local governments with their long-term planning, including a multi-year funding structure.

  • Fiscal distress refers to both short-term and long-term fiscal difficulties that municipalities may face (Carmeli, 2008).

  • This saves users the cost of collecting new data each time it is required.• Data uniformity: Indicators should be based on uniformly collected and defined data.• Data collection frequency: Indicators should be based on data that is collected at regular andscheduled intervals, which allows “apples to be compared with apples”.• Discern progression: Fiscal distress does not happen overnight but is often a non-precipitous process.

  • Fiscal distress measurement is common in the developed world (North America and Europe).

  • Under the change-of-use scenario, in order to allow effective and efficient change-of-use we anticipate a requirement to complete large-scale reconfiguration.

  • Fiscal distress can be categorized by the following criteria: 1) the family poverty rate is 125% or more of the national poverty rate; and 2) the per-capita income is less than 75% of the national average.

  • Fiscal distress is a multi-dimensional concept with financial, fiscal and socioeconomic aspects.

  • Fiscal distress describes a situation where there is an imbalance between the level of financial resources committed by a municipality and the potential available resources (Kloha et al., 2005).


More Definitions of Fiscal distress

Fiscal distress means a fiscal condition based on a municipality’s tax rate, cash deficit, insufficient percentage of tax collections, insufficient collection of other revenues, over-anticipation of the revenues of prior years, non-liquidation of interfund transfers, reliance on emergency authorizations, continual rollover of tax anticipation notes, inefficiencies in the provision of municipal services such that associated costs substantially exceed costs for similar services in other municipalities, or other factors indicating a constrained ability to meet the municipality’s budgetary requirements.
Sample 1
Fiscal distress means a situation whereby the provision and sustainability of public services, or the ability to appropriately fund financial liabilities, is threatened by various administrative and financial shortcomings, including cash flow issues, inability to pay expenses, revenue shortfalls, deficit spending, structurally imbalanced budgets, billing and revenue collection inadequacies and discrepancies, debt overload, failure to meet obligations to authorities, school divisions, or political subdivisions of the Commonwealth, lack of trained and qualified staff to process administrative and financial transactions, or the inability to timely produce an audited financial report. "Fiscal distress" may be caused by factors internal to the locality or external to the locality, and in various degrees such conditions may or may not be controllable by management or the local governing body or its constitutional officers.
Sample 1

Related to Fiscal distress

  • Substantial emotional distress means significant mental suffering or anguish that may, but does not necessarily, require medical or other professional treatment or counseling.

  • Final disposition means the burial, interment, cremation, removal from the state, or other disposition of a dead body or fetus.

  • Involuntary Disposition means any loss of, damage to or destruction of, or any condemnation or other taking for public use of, any property of any Loan Party or any Subsidiary.

  • Exempt Acquisition means a share acquisition in respect of which the Board of Directors has waived the application of Section 3.1 pursuant to the provisions of Subsection 5.1(a) or (h);

  • Material Disposition means any Disposition of property or series of related Dispositions of property that yields gross proceeds to the Borrower or any of its Subsidiaries in excess of $1,000,000.

  • Emotional disturbance means a condition exhibiting one or more of the following characteristics over a long period of time and to a marked degree that adversely affects a student’s educational performance: