And the new cuts would be little more than symbolic proposals, he added, if they largely take effect after Mr. Pataki's term ends and lead to substantial shortfalls.

If scale economies are extensive, marginal cost pricing of each of two (say) dimensions of output would lead to substantial shortfalls.

The most pressing are the continued reluctance of business travelers to pay high last-minute fares and a substantial shortfall in the company pension plan.

There is a shortfall, a quite substantial shortfall, and they are going to have to deal with it realistically.

Frank Lorenzo, Texas Air's chairman, said that Continental's peformance, although it resulted in a loss, reflected improvement from the airline's substantial second-quarter shortfall.

The Informix Corporation said yesterday that it expected to report a loss for the first quarter due to a substantial shortfall in revenue during the period.

That still leaves a substantial shortfall, but these people said that Bertelsmann, with a sturdy balance sheet, could line up additional bank loans.

But many states still face substantial shortfalls and battles over taxes and spending.

If there was a substantial shortfall, a school board would be created.

Despite the impact of the October 1987 Stock Market crash the issue was underwritten although there was a substantial shortfall in the expected take-up.