Word: budgeted
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Dates: during 1980-1989
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...close scrutiny of the fine print shows that Harvard's salary increases are not being compared to other universities' salary increases, but to their merit budget increases. Merit budgets are not total salary increases, only one minor component. Harvard is comparing apples with oranges...
...other Governor, it would have been a minor flap over the state budget. But nothing is routine anymore for Michael Dukakis, especially when it allows Republicans to snicker at his much touted Massachusetts Miracle. Last week the front runner in the Democratic presidential campaign was forced to concede that sagging tax revenues have thrown his $11.6 billion 1988 budget out of balance by more than $300 million, with additional red ink forecast for 1989. Since the Massachusetts constitution mandates a balanced budget, Dukakis must trim spending programs -- a task that should be good practice if he ever moves...
...Massachusetts misstep is certain to be magnified by the G.O.P. Already, Bush Spokesman Peter Teeley dubs the Duke's record "one of the greatest con jobs in American politics." But despite overheated G.O.P. rhetoric, Dukakis' budget woes are not insoluble and the state remains prosperous. The Governor's major political miscue was to press for an overly aggressive expansion of state programs, in part so that he could brag about them on the campaign trail. Now he will be hard pressed to pay for them. It is all rather embarrassing for Dukakis -- until one remembers the size of the Reagan...
...school system has 7300 students and a $68 million budget...
Much of the excess demand can be traced to the federal budget deficit, which is expected to rise from $150 billion in 1987 to $165 billion this year. By pumping up the economy, the deficit encourages spending on imports. At the same time, the federal red ink helps keep interest rates high, which discourages investment in the plants and equipment needed to produce American goods that could be exported or substituted for imports. Says Investment Banker Felix Rohatyn: "Whatever we do on trade is a sham, a complete waste of time, unless we begin to tackle the budget deficit...