Word: deficit
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Dates: during 1920-1929
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...Taxes and charges are not affected at all. The result, then, is a decrease of 20 units in revenue, and a saving of but 7 units in expenses, taxes and charges, or a net decrease of 13 in net income. Thus the surplus of 10 is transformed to a deficit of 3. These assumptions approximate the situation today. The decline of something like 20 percent in gross, accounts, in greater part, for the serious financial condition of the railroads...
...increases voted were made necessary by a deficit last year of $161,000 and an estimated deficit this year of over $300,000. The Sub-Committee which spent several weeks in careful study of the whole tuition question, reported that despite the Endowment Fund, which enabled the University to put through a fifty-percent raise in teachers' salaries, nevertheless the increase in wages and other administrative costs, and in the expenses of maintenance during the past two years, made imperative a substantial enlargement of the income to be secured from tuition fees...
...Committee consisting of Professor Warren, Dean Haskins, Professor Moore, Dean Hughes, Dean Donham and Dean Yeomans, made to the full committee an exhaustive report outlining in detail the business condition of the University, and estimating its probable deficit this year and the probable growth of the deficit during the next two years if no increase were made in tuition fees...
...raise the tuition for the coming year from $250 to $400 is necessary even though regrettable. The income from endowment is so small that the greater part of the operating expenses must come from the tuition fees. The proposed increase will only just effect what is now an annual deficit, and will put the school on a sound financial basis...
...struggle between people and Administration came when Secretary Baker, ignoring Congress's appropriation for 1920-21 of just enough money to provide for an army of 175,000 men, started a countrywide recruiting campaign, and by increasing the army well beyond the appropriation limit, incurred a forty-million dollar deficit. The two houses, seeing what was happening, attempted to hold him in restraint by passing the resolution for-bidding recruiting. The President, faithful to the last, supported his theory and his Secretary by his veto. If the Administration cannot go out "in a blaze of glory," at least will never...