No matter how much you might be tempted otherwise, netflix today after that disappointing quarter. Just became the hard money on a day where the averages seesawed in response to earnings, s p gaining 3. 6 , you need to understand how a stock can go from easy house of pain to hard the house of pain and pin action from that particular move. Can rightly or wrongly impact a host of other names as Portfolio Managers try to wrestle with the consistent company that is suddenly become erratic. And that, ladies and gentlemen, is netflix look, we all know the story. Most of us love easy netflix they like lots of older programming to bring you in and add in brilliance to keep you hooked they can make some truly great stuff like Stranger Things the latest season has president been out for a month and already its been watched by 40 million households however netflix had truly heinous numbers. This they didnt grow subscribers in the u. S. , they lost thats the first time they lost since 2011 earning
Growth already assumed in a deficit. This is the Revenue Growth that helps us off set some of the other Cost Increases that you are not seeing, including g. P. H. Staff, you know, staffing Cost Increases thats man dated in m. O. U. S, salary infringe and other inflationary costs and then which gave us a target of of general fund reduction. What were doing with all the initiatives that we brought forward is a slightly lopsided balancing plan where were 28 million to the good in year one and 20 million until bad. If you look a fritz the twoyear perspective which we have done in previous years, were still overall to the good in terms of balancing but well be sort of looking at this sort of imbalance in the next week or two and well be hopefully bringing you something that is a little bit more a little bit more balanced in year two. Ok. Next up, we have an additional hearing where well complete our balancing plan and then will submit the budget to the mayor and controllers area on the 21st
Was done with continued integrity and Due Diligence. And i would just like to perhaps consider adding those two words at the end of the Health Commission and further resolve this is on page eight of nine the Health Commission supports the implementation of Safe Injection Services with continued integrity and Due Diligence. That really is what this whole product has been. And i just want to mention that not mention that, but actually stamp it as our confidence in the ability of this Great Community to pull together this new pathway that we will be looking at. Both the positive [inaudible], but i think it might be again, it is a confirmation of what we validate in this effort. Do i hear an amendment . Is there a . Ekds second. There is a second for that. Is there further discussion of the amendment . Mr. Morris, do you want to repeat the amendment . Sure. Its the last further resolve that the Health Commission supports the implementation of Safe Injection Services with continued integrit
What were working on right now and what you will see at the next hearing is were looking at a couple things, were looking at onetime funds that we could use that are coming out of the current year or onetime reven revenues to budget in the twoyear timeline horizon that would allow us to prefund some activities, including expenses with the Electronic Health Records Initiative and that allows us to move more costs into that first year and smooth out the transition out to the second year. So i anticipate by that the time we get to the completed submission from the Mayors Office that we should be at a place to hit the general fund targets that we discussed in the commissions fiveyear Financial Planning session. Okay, commissioner, is there an impact on our budget in terms of the revised in terms what well do and will we receive any additional revenue based on that or not . The Biggest Issue in the proposed governors budget is that theres a proposal to end the 340b Pricing Program and that
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