Budget Reduction definition

Budget Reduction means a reduction in revenues and/or expenditures. Budget reductions require adoption by resolution of the Board of Commissioners after public notice of the meeting when they are to be considered.
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Examples of Budget Reduction in a sentence

  • The District will pay the cost of such medical premiums during the first month following layoff and such coverage may be continued by the employee under the Comprehensive Omnibus Budget Reduction Act (COBRA) provided the employee pays the premium.

  • An employee on leave in excess of twelve (12) months may continue health plan coverage by converting to an individual health plan option (if available) or continuing group coverage subject to the provisions of the Consolidated Omnibus Budget Reduction Act (COBRA) provided the employee pays the entire cost of coverage, plus any administrative fees, for the option selected.

  • When facing significant budget reductions in any fiscal year, MCFSE will appoint one representative to any MCOE Budget Reduction Task Force or Ad-Hoc Committee.

  • The District will pay the cost of such medical premiums during the first month of layoff following such layoff, and such coverage may be continued by the employee under the Comprehensive Omnibus Budget Reduction Act (COBRA) provided the employee pays the premium.

  • Nothing herein shall be construed to abridge the rights of those eligible to receive benefits pursuant to exercise of rights under Consolidated Omnibus Budget Reduction Act and, when in conflict, the most favorable determination to the participant or beneficiary shall apply.

  • Subsequent to your Separation, you will receive information regarding your eligibility for continued health insurance coverage pursuant to the Consolidated Omnibus Budget Reduction Act of 1985 (COBRA).

  • An employee may elect to continue health coverage under the following circumstances, in accordance with the Consolidated Omnibus Budget Reduction Act of 1986 (COBRA).